The world is digital now, and yet you still find yourself buried in paper, plodding through manual tasks and exposed to risk.
We know it seems hard to get from here to there.
This is where Bottomline comes in. We'll guide you along the way to AP automation so you can benefit from the good stuff: Faster, safer, and simpler accounts payable.
Streamline Accounts Payable
Minimize dependencies on manual processes by automating and creating efficiencies in every step of your AP process
Our customers come to us looking for a better way to handle their complex invoice and payment requirements. Here's what Paymode-X AP Automation delivers for those customers.
Replace the knot of drawn-out, manual processes with a smooth, automated AP automation solution. We cut potentially dozens of steps down to a handful, creating simplicity across all payment types.
Insights instead of guesswork, clean data trails instead of convoluted ones. That's what we all want, and that's Paymode-X delivers with critical data you need when you need it.
Increasing payment volume should not mean increasing headaches. We accelerate business and payment growth while ensuring better efficiency.
92% of our customers rated Paymode-X authentication of vendor identity and bank information as better than the competition
Minimize the risk of payment fraud
We process more than $275 billion per year without fraud. We’ve fine-tuned and fortified an approach that allows for multi-layered authentication and security for every payment in the network.
Protect against business email compromise fraud
Digital authentication of bank accounts and critical vendor data
Realize your full rebate potential and save money on your day-to-day accounts payable processes. We help you make money on the money you spend in four key ways.
Go digital to decrease the time and resources you’re used to spending. The $4-5 cost per check adds up, so replace it with cash in your pocket via a fully integrated payables solution that ties all your ACH, card, B2C, check and international payments into one place and one process.
Regardless of the digital option you choose, you can earn 1-2% back of your total AP spend. This can turn AP transformation from a potentially costly IT project to a cashflow positive business initiative. 80% of our customers have more than doubled their annual rebates since joining the network.
Regardless of the discounts offered by your vendors, you can capture savings by streamlining your payment processes and getting payments out the door more quickly. Greater efficiency translates to greater opportunities to save, and there isn't a busines in the world that isn't looking to save right now.
Late fees are a consistent challenge in AP. With the simplified workflows and automated approvals you can join the 5 out of 10 Paymode-X customers who dramatically reduced their late payment fees by at least 50%, all while streamlining the day-to-day headaches your team is used to dealing with.
“We partner with Bottomline to stay on top of emerging AP and payment options – faster payments, mobile, and integration. Mobile capabilities are critical for our AP strategy, especially for executives who travel often and require the ability to easily access, review and approve invoices right from their phones.”
“We’re thrilled with our Paymode-X partnership. The team has helped us reduce our cost per payment and helped to encourage our payers on to the Paymode-X network. I wish all our customers would pay via Paymode-X ACH!”
Before: You typically have 15-20 manual steps. After: You will have 3 simple steps. Scan, Click, Pay.
Accelerate Invoice Processing: Stop entering data manually multiple times with no insight into approval queues and automate invoice processing from receipt through capture, matching, coding, and approvals.
Automate & Streamline Payments: Avoid printing and mailing checks and send digital payments. You can stop waiting time and earn rebates on AP spend by converting to virtual card and ACH payments in a single platform
Eliminate the need to log into separate systems: No longer will you have to juggle portals for different tasks, such as invoices or varying payment types: Integrate seamlessly with your exiting ERP, accounting systems, and bank accounts. Quickly convert to 100% payment automation for all payment types, including card, ACH, check, B2C and more. These can be made domestically or internationally.
Interactive dashboards and reports: We provide clear visibility across the entire invoice-to-pay process. Our portal for tracking, query and reporting paired with visual analytics and extensible reporting provide clear visibility. We offer real-time status tracking of each transaction throughout the invoice to payment lifecycle, and monitor the volume and value of invoices, related docs, and payments.
Stringent vendor authentication blocks fraud, account takeover, and bad actors, and our built-in fraud protection provides superior risk mitigation at no additional costs.
Vendor onboarding is unique to Bottomline. We recruit vendors on your behalf, it starts with the enrollment process and vendor authentication.
Once we’ve kicked offer, we offer ongoing vendor enrollment and onboarding services done for the client, with an audit trail of all activities, status changes, and user communications.
It’s not just payments we also had a layer of security into the invoicing process. Using advanced artificial intelligence and modeling techniques we can detect if the invoice was created using the same or different program as the previous invoice and offer alerts for suspected fraudulent invoices.
Let’s be honest: spending your days stuck in excel files tapping data into your ERP systems is a drain on time, money and morale. With Paymode-X, you reduce time and money spent wasted on manual processes, allowing you to redeploy your people and capital toward more valuable work. It’s good for your staff and your bottom line. In addition, reduce late payment fees and the cost of your accounts payable department by scheduling payments for improved payment terms and better rebate potential.
Finally, streamline AP processes to make paying on time easier, making early payment discounts a reality.
We’ve seen and heard every Paymode-X question you can imagine, from “what is Paymode-X?” to “how do I reset my password?” To answer your most pressing questions about Paymode-X, accounts payable automation, and much more, we’ve created this ever-growing library of frequently asked questions.
