How Paymode-X Helps Higher Ed Streamline Accounts Payable

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Finance and Accounting departments in Higher Education institutions are complex by nature—typically juggling large payment runs to Vendors and contractors as well as student refunds and reimbursements across multiple systems and payments methods.

At the same time, colleges and universities are pressured to reduce processing costs and increase automation while facing more sophisticated payment fraud scams, decreases in funding, and increased dependence on student enrollments and tuition. Manual, error-prone payment processes represent an opportunity for cost savings, efficiency gains, and security improvements.

Paymode-X is the electronic payments partner your institution is looking for. Learn the benefits of converting from check payments to electronic transactions:

• Automating a larger portion of payments with the Paymode-X member network
• Integrating with any ERP or accounting system
• Process payments across types and locations with one payment file
• Provide detailed electronic remittance to your vendors

Overcome the traditional payment complexities to move to electronic while also providing value to your vendors by leveraging the Paymode-X network.

8 out of the top 25 Public Colleges use Paymode-X to pay their Vendors electronically.