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Paymode-X Invoice Automation

Overcome the cost, time, risk, and errors associated with paper invoices and manual processes.

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Anchor: Overview

The Challenge

Many accounts payable departments remain challenged by a blizzard of paper-based invoices. Slow, costly, and cumbersome manual processes result in a lack of visibility and control, too many errors, delayed payments, and damaged vendor relationships.

Our Solution

Paymode-X Invoice Automation enables AP departments to easily digitize and automate the invoice lifecycle starting at the time of receipt through capture, matching, coding, and approvals. With Paymode-X Invoice Automation, your AP department will streamline workflows, enhance governance, and get operational visibility around PO and non-PO invoice processing.

Anchor: Resources

White Paper

3 Steps to Building Your Business Case for Invoice Automation

eBook

Automate Invoice Processes to Streamline Accounts Payable Operations

On-Demand Webinar

Slice Your Invoice Processing Costs in Half with AP Automation

Anchor: Benefits

Benefits

  • Improve visibility and control
  • Eliminate paper invoices and manual processes
  • Maximize straight-through processing
  • Quicker approvals with mobile support
  • Capitalize on available early payment discounts
  • Reduce costs, errors, and risks
82% reduction in invoice processing costs by eliminating manual tasks such as keying, paper handling, and filing ($15 to less than $3) -  Source: Institute of Financial Management.
Anchor: Functionality
Full invoice visibility within the familiar ERP environment

Functionality

  • Streamline receipt and processing of paper and electronic invoices
  • Automate 2-way and 3-way reconciliation with both PO header as well as line-item capture and matching
  • Automate PO exception handling for resolution and approval
  • Automate GL code entry and approval routing of non-PO invoices
  • Create flexible approval workflows that are easily maintained by business users
  • Optional managed service for invoice receipt and pre-processing
  • Improve visibility and control with real-time reporting and a complete audit trail
  • Integrate seamlessly with your ERP system
Anchor: Testimonial

Customer Testimonials

"With less manual effort and automated integration into our ERP System, Transform AP helps individuals do their jobs more effectively."
Darrin Jameson, Director of Transaction Accounting, Nelnet, Inc.
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