Quickly transition from paper to electronic payments with a secure, cloud-based payment network for businesses. Used by more than 365,000 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.