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Fight slow, risky and expensive accounts payable with Paymode-X
74% of companies reduce processing times and 80% cut costs by automating AP
Too many businesses are frustrated by slow, manual invoice and payment processes that are prone to fraud. Enter Paymode-X, an accounts payable automation solution processing more than $200 billion in B2B spend securely every year. Our customers have slashed their costs, freed up their team to focus on strategic opportunities and mitigating fraud. You can too.
What Paymode-X can do for your business
Accelerate invoice processing
Digitize and automate invoice processing from receipt through capture, matching, coding
and approvals
Automate and streamline payments
Increase efficiency and earn rebates on AP spend by maximizing your use of electronic payments such as virtual card and ACH
Secure AP processes
Maximize visibility, control and security by transforming manual tasks into auditable, fraud-resistant workflows
video time: 02:51video title: Benefits of accounts payable automation
The benefits of AP automation
One solution: Achieve AP automation from invoice receipt through payment in a single process
Simple to use: Implement and use easily with your ERP and existing
bank accounts
Accelerated vendor adoption: Get access to a 450,000+ member network and ongoing vendor onboarding services
Unmatched security: Mitigate fraud with vendor bank authentication, multi-factor authentication and more
Trusted advisor: Partner with a global leader in business payments
How Paymode-X helps our customers
“Mobile capabilities were critical for our AP strategy, especially for our executives who travel often. They wanted the ability to easily pull up the invoice, review and approve right from their phones.”
Kim Hughes | VP & Controller | Taubman
video time: 01:30video title: Learn how AP automation helped Taubman
WHY CHANGE?
Only 25% of AP departments describe their processes as being “highly automated.”
Source: IOFM
How Paymode-X AP automation solutions help our customers
Overcome the inefficiencies associated with manual and fragmented processes by streamlining all AP payments in a single solution. With Paymode-X's invoice automation module and payment automation module, you can solve for the entire invoice-to-pay process at once or focus on one need at a time.
Enables AP departments to overcome the cost, time, risk and errors associated with paper invoices and manual processes. Easily digitize and automate the invoice lifecycle starting at the time of receipt through capture, matching, coding and approvals. With Paymode-X, your AP department will streamline workflows, enhance governance and get operational visibility around PO and non-PO invoice processing.
Provides 100% payment automation for businesses, helping AP departments maximize efficiency, reduce fraud risk and optimize working capital. Unlike manual processes or fragmented virtual card, ACH, check and B2C payments, Paymode-X enables businesses to streamline AP across all payment types using a single platform.
