Make and receive secure and convenient electronic payments using a solution trusted by 425,000+ member businesses.
Automating AP across the entire invoice-to-pay process has considerable benefits
Here, you'll learn how Paymode-X can take outdated, paper-based invoice workflow, approval, and payment processes and convert them in a streamlined solution that maximizes efficiency, visibility, and security. Comprising an Invoice Automation and Integrated Payables module, Paymode-X offers your organization the opportunity to automate your entire AP process from end-to-end, or focus on the right standalone solutions for your business needs.
The end result is the elimination of costs, errors, and risk and a transformative opportunity for your AP department.
Complete invoice-to-pay automation
Paymode-X solves for traditional challenges and helps AP departments maximize efficiency, visibility, and security by automating the entire invoice-to-pay process. Streamline invoice receipt, automate workflows, accelerate approvals, and make all payment types (virtual card, Premium ACH, Basic ACH, check, and B2C) using a single solution that integrates seamlessly with your ERP of choice.
Comprised of an Invoice Automation module and an Integrated Payables module, Paymode-X offers your organization the opportunity to automate your entire AP process from end-to-end, or focus on the invoice or payment processes standalone. Many organizations rely on Paymode-X to maintain business continuity, as AP operations increasingly transition to remote work and digital invoice and payment processes.
Paymode-X Invoice Automation enables your AP department to overcome the cost, time, risk, and errors associated with paper invoices and manual processes.
Easily digitize and automate the invoice lifecycle starting at the time of receipt through capture, matching, coding and approvals.
Captures and stores invoices:
Receive and efficiently process paper and electronic invoices from any source. Advanced data extraction, OCR, machine learning, and real-time validation automatically captures invoice information to minimize manual data entry. PO-flip lets your vendors seamlessly convert presented PO’s into invoices via the Paymode-X vendor portal. Optional managed services for invoice receipt and pre-processing. Invoices and supporting documents are accessible within and external to your ERP.
Automates workflows and approvals:
Accelerate processing with automated 2-and-3 way PO header and line-item matching with exception handling and approval routing. In addition, automate GL code entry and approval routing for non-PO invoices. Flexible rules for approval workflows with notification, reminders, and escalation are easily maintained by business users. PO-flip further drives match automation. Mobile access makes it easy for users to review and approve assigned tasks while traveling or in the field.
With Paymode-X Invoice Automation, your AP department will streamline workflows, enhance governance, and get operational visibility around PO and non-PO invoice processing status. Invoice risk scoring uses custom business rules plus supervised machine learning to help identify unusual and potentially fraudulent invoices. Gain valuable insights with interactive dashboards, real-time reporting, and a complete audit trail for all activities, status updates, user comments and rule changes.
Paymode-X Integrated Payables can provide 100% day one payment automation, enabling your AP department to maximize efficiency, reduce fraud risk, and drive AP revenue.
Easily make any type of payment using a single solution that integrates seamlessly with your ERP. Network payment scoring provides an at-a-glance risk assessment to enhance visibility and evaluate the security of each payment before you make it. It is easier than ever to maximize rebates, thanks to revenue share available on both virtual card and Premium ACH transactions.
Paymode-X draws on the power of a 425,000+ member network of businesses already accepting electronic payments.
This established network, combined with comprehensive Vendor onboarding services, helps ensure your business can accelerate payables optimization. Paymode-X teams will manage and execute dedicated campaigns to your Vendor community, which includes gathering and authenticating Vendor details and banking information.
Vendors can easily sign up online to accept virtual card and ACH payments, and Intelligent Payment Optimization will ensure that your transactions are always settled using the lowest cost/highest return payment type for each trading relationship. Your Vendors will benefit from detailed electronic remittance information in their preferred format and other valuable Accounts Receivable tools.
Paymode-X integrates seamlessly with your ERP, resulting in unprecedented efficiencies, cost-savings, and ease of use. By automating the entire invoice-to-pay-process, you can transform AP performance, free employees to focus on driving the business forward, and increase organizational value.
Flexible integration options
Paymode-X makes your AP automation solution implementation simple and streamlined. Choose the implementation approach that makes the most sense for your business.
Automate the synchronization of invoicing and payment data and Vendor updates to and from your ERP on a schedule or on-demand.
Securely upload a simple, standardized file format through the Paymode-X portal.
Automate file delivery in the format your business utilizes with a one-time setup of your secure transmission process.
Connect directly with Paymode-X using our published APIs.
Finance executives always talk about Accounts Payable’s costs, many inefficiencies, and risks. If they only knew how easy it was to increase AP’s efficiency, security, and profitability with Bottomline’s end-to-end AP Automation solution. Watch this 2-minute video to find out how AP automation can help you.
Find out how Taubman seamlessly consolidated its AP function, reallocated staff to value-add projects and implemented mobile technology to have executives approve invoices, from wherever they are.
Whether you need to make adjustments to your existing membership or are signing up for the first time, we are here to help.+1 (800) 331 0974
Our Member Services team is standing by to help Monday-Friday from 8-5pm.
Begin supporting your company's conversion to electronic payment. Sign up is easy and takes just a few minutes.GET STARTED