Enhance Your Accounts Payable with Paymode-X for MRI
MRI enables better operational efficiency, process management and much more for commercial real estate and property management companies across the globe. The ERP also offers tools that make life easier for accounts payable departments, but if you’re ready to take your invoice-to-payment automation efforts to the next level, you may be looking for solutions.
Why not choose one that partners with MRI to deliver a seamless experience and the most secure, streamlined AP automation software in the marketplace? Chances are that will sound appealing if you’ve been dealing with manual accounts payable processes and too much paper.
That’s where we come in. If you’re searching for ways to further automate your invoicing and payment processes within or in addition to what is offered through MRI, Paymode-X can help. Using our AP automation software
- Streamline and enhance every step of your existing invoice process, drastically reducing the number of steps
- Improve cashflow and remove the prohibitive $5 - $9 cost per check
- Turbocharge your rebate potential and seamlessly start making payments to vendors already on the network
- Secure accounts payable against ever-increasing fraud attempts
“I’ve been a customer for 11 years and believe they offer one of the best fully integrated AP automation solutions.”
-AP Analyst, Medium Enterprise Construction Company
What is Paymode-X AP automation?
Accounts payable automation is simply taking the tedious manual work and paper-based payments and invoices out of your core accounts payable processes. Paymode-X exists to make that straightforward and simple for commercial real estate businesses using MRI, improving cashflow and efficiency while reducing fraud.
Paymode-X is a robust, secure AP automation solution automating invoice receipt, capture, processing, and approvals as well as processing more than $300 billion in payments annually without a single instance of fraud. With our network of 500,000+ businesses making and receiving payments, we’re able to connect payers and vendors in a way that creates huge opportunities to improve efficiency. In addition, the rebates you realize from Paymode-X can help offset the cost of your ERP system.
We believe upgrading your AP processes and payments shouldn’t come at the cost of relationships with your most valuable suppliers. With Paymode-X for MRI, the benefits for both parties include:
- AP teams save time, earn rebates, and become far more efficient
- AR teams realize better security, enhanced remittance detail, and better cash flow
100% of surveyed customers say Paymode-X offers better “overall value” than any competing solution
Tell me more about the benefits of AP automation
With the right partner, you should realize many significant advantages by switching to AP automation software. In a recent survey, Paymode-X found that 60% of businesses felt checks were their top accounts payable challenge, and automating payments can reduce or eliminate that headache.
MRI customers in the commercial real estate and property management space can expect to automate payments and approvals by making the switch from cumbersome paper checks to secure virtual cards and ACH payments. Those payment types offer a host of benefits, including enhanced rebate potential, the reduction of fraud risk and streamlining workflows.
Our survey found that:
- 80% of customers felt our ERP integrations were “seamless”
- 80% said going from manual to automated happened more quickly and easily than they expected
- 80% of customers realized at least a 50% uptick in rebates
Paymode-X has a 97% customer retention rate because delighting companies like yours is paramount to us
How does the Paymode-X integration work with MRI?
We offer flexible integration options ranging from a connector to configuring Paymode-X to exchange information with your ERP and work primarily outside of MRI. If you need to use custom fields that integrate with your MRI instance and pass the data from Paymode-X back into your ERP? We can take care of that for you.
Regardless of what you choose, we will set your AP team up to be more efficient.
In addition to fully automating and improving your invoice-to-pay process within MRI, we offer features and functionality upgrades for your AP team, including:
- Vendor portal for digitized, streamlined invoice submission
- Document scanning and optical character recognition (OCR) to improve invoice processing
- Automated code entry for received invoices
- Automatic syncing of purchase orders
- 2-and-3-way matching for invoices
- Enhance check payments with robust third party offering
Streamlined implementation to limit the strain on your IT resources
How do I get started with automated payables?
It's simple! Just connect with our team so we can learn more about your needs and get you started.
“With Paymode-X, there is much less manual processing and faster payments.”
–Accounting Associate, Medium-sized Enterprise Healthcare Company
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