Paymode-X Integrated Payables Brochure

How Paymode-X can help

The Paymode-X Integrated Payables solution provides 100% B2B and B2C payment automation, helping AP departments maximize efficiency, reduce fraud risk, and optimize working capital. Unlike manual processes or fragmented virtual card, Premium ACH, Basic ACH, and check solutions, Paymode-X enables businesses to streamline payments to other businesses and consumers across all payment types using a single platform that works seamlessly with your accounting system.

It is easier than ever to achieve AP efficiencies and maximize rebates, thanks to revenue share available on both virtual card and Premium ACH transactions.

Paymode-X draws on the power of a 450,000+ member network of businesses already accepting electronic payments. Over $200 billion dollars are processed using Paymode-X annually. 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. Intelligent Payment Optimization ensures that 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 delivers business value

Automating AP payments comes with a host of benefits

Maximize efficiency, productivity and cost-savings

Reduce the time AP staff spends on manual tasks, creating departmental scalability and freeing team members to focus on activities that grow the business.

Optimize working capital and drive AP revenue

Improve control over payment timing, hold on to cash longer, and monetize a greater portion of virtual card and ACH spend. Transform AP from a cost center to a revenue driver.

Integrate easily and streamline payments

Eliminate complexity from the payment process by tying into your existing ERP or accounting system, making it easy to make B2B and B2C payments in a single payment file.

Reduce payment fraud risk

Mitigate payment fraud resulting from account takeover, BEC, and other fraud-schemes with Vendor bank authentication, multi-factor authentication, payment risk scoring, and more.

Improve vendor relationships

Provide a more positive payables experience for Vendors through streamlined payments and value-add accounts receivable tools.

Already making card or ACH payments?
Paymode-X adds value

Benefit

Complementing your virtual card

Enhancing your ACH processes

Automation

Paymode-X drives incremental automation to card by targeting Vendors that declined or were not a fit for card payments

Paymode-X drives immediate automation, as many Vendors are network matches. Our team onboards more on your behalf to accelerate the process.

Rebates

Paymode-X provides cash back benefits on AP spend that was not captured by your card program, with no minimum spend threshold to start earning.

Paymode-X offers an opportunity to earn rebates on ACH and virtual card spend, which traditional ACH does not provide.

Security and control

Paymode-X gives you full control over ACH payment amounts and timing, with no action required by Vendors to pull payments of that type.

Paymode-X eliminates the need for you to authenticate and store Vendor bank account details.

Vendor value

Many of your Vendors will already be enrolled in Paymode-X, or only need a bank account and tax ID to sign up.

Paymode-X provides Vendors with detailed electronic remittance and other helpful receivables features within the member portal.

Why It Pays to Supplement Your Card Program with Paymode-X

View this brief to find out how your AP department can achieve maximum efficiency, security, and rebates by adding complementary payment automation capabilities to your existing card program.

Why it Pays to Supplement your Card Program with Paymode-X

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Paymode-X Payer Video

Watch this video to learn how Paymode-X can transform your organization and monetize AP spend with full payment automation, increased efficiency, improved security, and maximum rebate potential.

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