AP Automation:
How Paymode-X Helps Real Estate

Managing increases in Complexity as portfolios and volume grow

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:

• Manual processes and checks are slow, costly, and error-prone
• Inability to pay vendors and tenants electronically with remittance detail
• Challenges implementing and managing distinct ACH and card programs
• Difficulty integrating payment activity with ERPs and banks
• Poor visibility and significant fraud risk throughout the AP process