Accounts Payable Automation
Maximize efficiency, visibility and security by automating the entire invoice-to-pay process with Paymode-X.
The most important components of the accounts payable process for gaining efficiency through automation:
49% - Converting paper check payments to electronic (ACH, card)
40% - Invoice processing
39% - Reconciliation
36% - Invoice approval
53% - Converting paper check payments to electronic (ACH, card)
46% - Invoice processing
40% - Reconciliation
39% - Payment approval
These three areas were identified as the top opportunities for reducing manual work through automation:
1 in 3 large and small organizations indicate they intend to invest significantly in fraud detection/prevention in the next 12 months.
14% of North American firms experienced at least one loss on B2B payments due to fraud in the past year vs. 8% of European firms.
Banks indicated a 10-point growth in their customers asking for an embedded experience in ERP in the last year.
Discover the tools and technologies industry experts are utilizing to increase efficiency through eliminating wasted time, overcoming constant AP hurdles such as cash visibility, and mitigating the ever-expanding fraud risks.
The results are in! 2022 marks the 6th consecutive year of Strategic Treasurer & Bottomline’s B2B Payments Survey
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