Accounts Payable Automation
Streamline invoice receipt, automate workflows, accelerate approvals and make electronic payments using a single solution.
Accounts payable departments in real estate companies are challenged to process large volumes of payments across multiple locations and ERP systems. While the rest of the world has gone digital, real estate professionals are still stuck behind piles of paper checks. Often, these processes are further complicated by intricate banking relationships and funding requirements.
As companies grow and add new properties to their portfolios, complexity and volume increase. AP teams must also maintain hundreds of bank accounts, payees, and vendor records each year and attempt to keep this information updated and secure across various accounting systems.
Implementing an automated and streamlined electronic payment program can deliver efficiencies, cost savings, and control. But real estate organizations can be challenged to find solutions that address all their critical needs.
Paymode-X is the AP Automation partner real estate companies need to cut down on complexity and address pain points such as:
Paymode-X is trusted by real estate companies across the nation to improve AP efficiency, mitigate the risk of payment fraud, and improve cashflow by realizing new rebate opportunities. This solution enables AP teams to minimize checks, digitize workflows and approvals, and maximize payment automation to vendors, tenants, and individual payees via access to a network of 450,000+ businesses accepting virtual card and ACH payments. Vendor onboarding and bank account authentication services drive increased adoption and security while cutting down on complexity. Paymode-X also reduces internal and external fraud risks to avoid damages resulting from account takeover, business email compromise, and other fraud schemes.
Paymode-X works seamlessly with your ERP and accounting systems and delivers a consistent, secure experience across all payment types to businesses and individuals. Ultimately, AP departments will increase productivity, reduce costs, and increase payment security with 100% automation for B2B and B2C payments. Vendors will benefit from a streamlined AR process with convenient electronic payments and remittance in their preferred format.
Replace many steps, drawn-out processes with as few as 3 clean, streamlined ones that free up your people for higher-value tasks.
Reduce an enormous amount of liability with our massive network of validated vendors. Plus, no more risk of check fraud.
They gain insight into payment status and timing, as well as access to valuable AR tools.
Improve margins with early payment discounts, late fee avoidance and cashback rebates
Get comprehensive, audit-friendly visibility into the entire payment process. See the real-time status of any payment in your system
Grow your business faster while compounding value, not inefficiencies.
AP departments save time, money, and resources by automating key functions. Those savings are even more noteworthy when organizations automate, streamline, and secure the entire invoice-to-pay process. With Paymode-X, wrapping up Invoice Automation and Integrated Payables into a single workflow that integrates seamlessly with your ERP is easier than ever before, allowing for a transformation of AP performance and an opportunity to drive the business forward.
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