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Card programs are great, but if that’s where your AP automation efforts end, you may be leaving money on the table. Why? Because on average, organizations only pay 24% of their suppliers by virtual card.*
That leaves a lot of unrealized cash back rebate potential—and comes up short of most financial teams' goals for payment process automation and security enhancements.
Ask yourself these 5 questions to uncover how optimized your AP payment processes truly are. You might be surprised by your answers.
67% of businesses say "smarter" systems that drive more efficiencies are necessary for AP's success - Ardent Partners, 2018
*RPMG 2018
It is easy to automate payments and increase AP profits with Paymode-X. Learn How
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Assessment
Financial Services Risk AssessmentWill your institution survive industry disruption? Financial services innovators - from large banks to small FinTechs - are leveraging digital platforms to acquire and retain customers, provide relevant and innovative services, and increase profit margins.
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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