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Paymode-X AP Automation

Automate the end-to-end AP lifecycle from invoice receipt through making payment with positive ROI.

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The Challenge

Many organizations struggle with outdated, manual processes that are inefficient and fraud-prone. These costly, paper-heavy, and error-prone processes often result in stalled approvals, slow payments, and lost rebate opportunities, among other issues.

Our Solution

Paymode-X helps AP departments maximize efficiency, visibility, and security by automating the entire invoice-to-pay process, regardless of the ERP or banks they are using.  Streamline invoice receipt, automate workflows, accelerate approvals, and make virtual card, ACH, and check payments using a single integrated solution.

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Paymode-X AP Automation

Customer Success Story

Taubman Transforms Manual Accounts Payable Process and Earns Rebates with End-to-End AP Automation

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AP Automation: Benefits by the Numbers

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Benefits

  • Automate the entire Invoice-to-Pay Process
  • Eliminate manual, paper-based processes
  • Integrate seamlessly with your ERP, accounting systems, and bank accounts
  • Optimize working capital & monetize AP spend​​​​​​​
  • Reduce costs, errors, and risk​​​​​​​
  • Maximize visibility and control​​​​​​​
  • Improve vendor relationships​​​​​​​
  • Protect against payment fraud
74% faster processing by AP departments with automation compared to manual processing (14 days to less than 4 days) -  Source: Institute of Financial Management.
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Integration

Functionality

  • Streamline receipt and processing of paper and electronic invoices
  • Automate PO line capture and matching – and automate GL code entry and approval routing of non-PO invoices
  • Quickly convert to 100% payment automation by leveraging the 400,000+ member Paymode-X network and included vendor onboarding services​​​​​​​
  • Integrate seamlessly with your existing ERP, accounting systems, and bank accounts​​​​​​​
  • Advanced OCR automatically captures invoice data to minimize manual data entry
  • Earn rebates on virtual card and Premium ACH spend while minimizing costly fraud-prone paper checks​​​​​​​
  • Improve security and compliance with comprehensive payment fraud prevention services, real-time reporting, and a complete audit trail​​​​​​​
  • Provide your vendors with convenient invoice submission, payment, and remittance options to add value to their receivables process​​​​​​​

Customer Testimonials

"As a business we’ve chosen to outsource our payment to a financial tech partner, Bottomline Technologies, so we can stay on top of all of the emerging payment options – faster payments, mobile options and integration. Mobile capabilities were critical for our AP strategy, especially for our executives who travel often. They want to easily pull up the invoice, review and approve right from their phones."
Kim Hughes, VP & Controller, Taubman Properties
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