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Bottomline Paymode-X
Paymode-X is the largest and fastest-growing B2B electronic payment network, processing over $200 billion per year to more than 385,000 member organizations. Payers and Vendors harness the power of this innovative, cloud-based solution to simplify the migration to electronic payments. Paymode-X is quickly becoming the means by which businesses prefer to pay and get paid.
Anchor: Overview
Overview
Quickly transition from paper to electronic payments with a secure, cloud-based payment network for businesses. Used by more than 385,000 organizations, the Paymode-X payment network delivers measurable financial returns through a mixture of cost-savings, productivity gains and Dividends.
Payers use Paymode-X to make electronic payments, mitigate fraud risk, reduce paper and labor-intensive processes, and earn Dividends. Leveraging machine learning, the Paymode-X Intelligent Engagement Model® takes the burden of Vendor enrollment and bank account maintenance off of the AP staff, and drives maximum adoption of electronic payments and earns Dividends.
Vendors receiving payments enjoy an easy-to-use system that empowers them to manage their online payment profile, provides better visibility to upcoming payments and delivers detailed remittance advice that enhances receivables processing.
By integrating with any ERP system and leveraging existing bank relationships, Paymode-X creates a powerful network between Payers and Vendors – today and as business needs grow and change.
Anchor: Resources
Anchor: Benefits
Benefits & Features
- Electronic payments lower check and bank costs, mitigate fraud risk and create efficiencies.
- Payment scheduling tools optimize working capital and allow control over payment timing.
- Robust remittance improves performance and assists in audits.
- Electronic payments and remittance eliminate manual processes, freeing resources to focus on strategic, value-add activities.
- Dedicated Vendor Advocate teams customize outreach on behalf of Payers to deliver maximum Vendor value and speedy enrollment.
- Multi-step Vendor authentication process validates member bank and account information -- ensuring the security of all trading partnerships.
- Experienced Member Services team supports Payers and Vendors.
- Cloud-based delivery provides real-time access to product and feature updates.
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