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lower invoice processing costs than their peers
faster invoices processing times
as likely to be able to provide rich remittance detail to suppliers, strengthening relationships
as likely to utilize electronic payments than paper checks, realizing cost savings and efficiencies
Automated routing enabled one mining company to reduce its invoice approval time from an average of 18 days to a few hours, resulting in a 6% increase in early-payment discounts captured.
Cash-back rebates earned by a commercial real estate services company in one year on ACH transactions processed through Paymode-X.
Cash-back rebates earned by a leading air conditioning and refrigeration manufacturing company in one year on transactions processed through Paymode-X.
With Paymode-X, AP departments can maximize efficiency, visibility and security by automating the entire invoice-to-pay process through a single solution.
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Will investing in accounts payable automation yield a positive return on investment? When all the numbers are crunched and all factors are taken into consideration, AP Automation will pay for itself and generate ROI for the business.
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