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Find out how adopting Bottomline Technologies’ cloud-based payment network helped Citizens Bank automate 85% of their AP spend.

Citizens Bank helps its customers reach their potential by listening to them and understanding their needs in order to offer tailored advice, ideas and solutions.

By adopting the Paymode-X solution, Citizens' commercial customers experience benefits across multiple areas of functionality:

  • Treasury – optimizes working capital, increases visibility and forecast accuracy
  • Accounts Payable – improves efficiency and mitigates risk of error and fraud
  • IT – supports electronic payments with minimal resource requirements
  • Purchasing – effectively manages spend and faster payment terms

“Vendors find the biggest benefit is the ability to track payments throughout the process. Many of these Vendors watch their dollars closely and need to know where their money is at all times. Receiving payments through Paymode-X provides that visibility and gives Vendors peace of mind.” Kristie Dannenfelser | Purchase-to-Pay Operations Manager | Citizens Bank
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7 Questions to Ask a Potential Payment Network Partner

Choosing a payment network partner may or may not be the right choice for your organization. If you do choose to investigate that avenue, however, here are seven questions you should ask a prospective partner, to be sure you get what you need (and maybe some added benefits you haven't thought of yet).

Executive brief
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Not Your Average ACH: 4 Reasons to Consider a Payments Network

Paying suppliers via paper check is costly and inefficient. The average paper check transaction costs an accounts payable (AP) department $7.15, according to Aberdeen Group, compared to $4.72 for a payment made via the Automated Clearing House (ACH) Network and $3.96 for a payment made using a purchasing card (p-card).

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