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Cash Postition Calculation

Challenges

Manual paper-based processes which were slow, costly, and error-prone

Outdated legacy and/or homegrown solutions

Relying too heavily on paper checks to pay vendors

Use Case

Uses Bottomline for Payment Automation

How they pay their vendors: ACH, card, wire, and check

Results

BT documentation & messaging 60 Delivered Value Promised

  • Ramp up was quicker than expected
  • Seamlessly integrates with our ERP and banks
  • Improves straight-through processing

BT data representation 20 AP Operations Improvements

  • Digitized previously manual paper-based processes
  • Accelerated conversion to digital payments (i.e. minimize paper checks)
  • Earns cash-back rebates on AP spend

BT process & representation 128 AP Performance Improvements

  • >50% lower AP processing cost
  • >25% less payments by paper check
  • >75% more cash-back rebates earned on AP spend
The Chicago Sun-Times has seen a better than 50% reduction in processing costs.
BT legal 108

Paymode-X Customer Success Story: The Merchants Company

A metrics-focused customer success story outlining how The Merchants Company realized the benefits of secure, automated payments through Paymode-X.

Customer success story
BT security fraud & risk 156

Paymode-X Improves AP Performance: Our Customers Explain How

We recently surveyed our customers to learn more about why they selected Bottomline's Paymode-X solution for automating accounts payable, and how the solution helps their AP team achieve better efficiency, security and visibility.

Infographic

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