Speed up invoice processing. Pay fully vetted vendors and earn rebates. Or do both.
Process invoices fast with advanced tech that works behind the scenes
Paymode-X captures invoices from any source, and uses cutting-edge machine learning and OCR to extract all the necessary invoice data and display it accurately in a single view online. We then automatically notify you of any mismatched data synced from your ERP.
Best of all, that all comes before you approve an invoice in your Paymode-X portal.
Receive invoices from any source and process them online.
“Every time an invoice comes through, it will automatically get checked against a purchase order, giving us full control over the entire process. It will reduce our invoice processing times even further to around five or six minutes. That’s basically the pinnacle of efficiency.” Michael Bulnanan | Senior Business Analyst | Guild Group
Pay vendors accurately and electronically. Earn cash back.
Issue payments and track rebates online in Paymode-X.
Pay vendors easily online with secure electronic payment types: virtual card and Premium ACH.
You’ll maintain 100% visibility into every payment made in a dedicated portal.
Vendors can easily track their payments online in Paymode-X, too. They even get rich remittance data to help streamline their AR.
Get unmatched fraud protection for both you and your vendors
Paymode-X features multi-factor authentication for both payers and suppliers before any payments are sent.
We also use advanced digital identity techniques to:
- Ensure vendors are who they say they are
- Prevent account take-over and diversion of payments
Payments processed annually
Pay over 50% of your vendors electronically immediately
You’ll pay even more vendors with Paymode-X electronic methods over time.
Most customers find that about 50% of their vendors are already part of the Paymode-X network, and can receive virtual card or Premium ACH as their payment method.
But we won't stop there. Any vendors who receive a check will be automatically notified about their eligibility for electronic payments.
Keep tabs on where you stand with invoices and payments
Use the interactive analytics dashboards and real-time reporting to track invoice KPIs, like invoice matching statistics, invoice processing time and your vendor network on Paymode-X. You can also see:
- Accrual reporting at both summary and detail level
- Available early payment discounts
- Potentially fraudulent invoices
- Outgoing payments
- Virtual cards nearing expiration
Track invoices and payments at-a-glance from your Paymode-X dashboard.
Use a mobile app to pay vendors while on-the-go
- Approve and view virtual card and ACH payments
- Track payment history and trends at a glance
- Review expiring card payments
- View all your vendors who receive virtual card payments
Join companies who trust Paymode-X
How much could you save with AP automation software?
Take a spin at using our ROI calculator to see how much Paymode-X’s automated invoicing and payment processes could save your business.
Industries Paymode-X is helping today
Transportation and Warehousing
Get started fast
One of the first AP automation steps involves integrating your ERP with Paymode-X, and there are a few ways to do so. Pick the method that works best for you.
Sync all payment and invoice data automatically with your ERP.
Connect your ERP with Paymode-X directly using published APIs
Should you need it, we also offer standard file transmission for automated secure delivery. Just set it up once and you’re ready to go.
Ready to automate your AP, reduce the risk of fraud and earn rebates?
Book your Paymode-X demo now.
Get answers to all your AP automation questions
If you're just starting to explore it, accounts payable automation is a time-and-cost-saving method of streamlining and securing traditional paper-heavy, manual AP processes. Essentially, you are able to use AP automation to digitize everything from invoice receipt and processing to supplier payments, taking traditional challenges and weaknesses for your business and turning them into strengths.
The cost of inefficiency and paper continues to rise, and the risks posed by late payments and payment fraud have never been higher. Automation is critically important because it saves time, saves money, helps reduce the risk of fraud and has major impacts in terms of efficiency.
We offer multiple layers of technology, expertise, and tactics to shut out fraud. These range from vendor authentication to stopping business email compromise and insider fraud. That’s how we’ve manage to operate a zero fraud payments network, and it’s how we ensure both payers and suppliers are protected from bad actors when making and receiving both invoices and payments.
To learn more, check out our Paymode-X security executive brief.
Paymode-X is successfully used across all industries (550,000 businesses cut across a lot!) and can integrate with any ERP.
We have had great success automating accounts payable for the industries we list above, but our deep experience and the versatility of our solution makes us a good fit for virtually any business.
The short answer is: Every kind you can think of. We serve mid-market to enterprise-level businesses and banks with our solutions, and we've worked with some of the largest companies in the United States.
To learn more about some of our customers, visit our Resource Center and check out our customer success stories.
The exact timeframe will depend on your business needs and stakeholders, but it is possible that we can get you up and running with payments in just over a month and both invoicing and payments in less than 60 days.
We focus on the benefits of automation for both your company and your valued suppliers, ensuring both parties realize efficiency, cost-saving and fraud prevention gains. We also strive to offer best-in-class rebate potential on electronic payments.
Here are 10 ways we provide your business more value than competitors can.