Accounts receivable benefits

Here’s some more information on how Paymode-X helps you.

Automate AR Functions

Automate AR functions

Take manual tasks and cumbersome payment reconciliation out of your AR process flow with Paymode-X. Deliver and track invoices, receive remittance detail in your preferred format, automate cash applications and share critical tax and payment documents with customers.

Automate AR Functions PMX Illustration

Payment Security

Payment security

Paymode-X maintains a secure network for all members, significantly reducing the risk of payment fraud. We prevent account takeover and unauthorized account changes, secure your critical bank data, protect payments from outside threats and even make check payments more secure.

Payment Security PMX Illustration

Enhanced Visibility

Enhanced visibility

Paymode-X provides advanced visibility to incoming payments to better manage your cash flow. Take advantage of our secure collaborative portal to drill into payment detail or request payment status online. A custom mobile app gives you access to this critical information on the go, complete with easy-to-use voice commands. 

Enhanced Visibility PMX Illustration

Reduce Days Sales Outstanding

Reduce days sales outstanding

Eliminate the need to wait for checks to arrive in the mail and manually apply cash. Get paid easily and conveniently by virtual card and ACH. 

Reduce DSO PMX Illustration

Key Paymode-X features for AR departments

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video time: 02:56 video title: How Paymode-X works for AR departments

In addition to receiving more convenient electronic payments, joining Paymode-X will provide your business with:

  • Access to a real-time payment tracker
  • Rich remittance detail in the format of your choice, including CTX
  • Voice-enabled mobile app for easy access to payment information
  • My Payers functionality to track and trend your largest customers
  • Ability to share critical documents like W-9s within the portal
  • Capability to submit, track and prioritize invoices

Why get paid through Paymode-X?

“Paymode-X has vastly improved the way we get paid. We have an entire team dedicated to tracking down unpaid invoices. This is a great timesaver and the reporting capabilities give us real-time visibility into the overall process – absolutely essential when dealing with a large volume of invoices.”

—Associate Manager, Global Data Storage and Management Organization

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LATEST TRENDS

Learn more with these helpful resources


Payment automation will revolutionize your business

Despite an increase in electronic payments in our consumer lives, businesses still currently receive 63% of their payments as paper checks, according to the Institute of Finance and Management (IOFM).

This resource outlines how joining Paymode-X helps reduce check payments and creates new benefits for your AR department.

Paymode-X: Premium Benefits Guide

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