Automating AP processes takes the bottleneck out of manufacturing supply chains.
Today, manufacturers are dealing with full-blown crises sparked by inflation, supply chain issues, and workforce challenges for their businesses and their suppliers alike. Navigating that effectively requires more time, more resources, and more strategic thinking than you likely have today.
Accounts payable automation for manufacturers can make the invoice-to-payment process more like a smooth assembly line than a knotted problem, which can save the time, money and headaches you need to save. At the end of the day, you'll streamline processes that may be slowing down your business, and free up your AP team to tackle your biggest business priorities.
How? Enter Paymode-X.
Paymode-X benefits manufacturers the world over
Reduce processing costs and time
Strengthen supplier relationships
Reduce invoice and payment fraud risks
Make money on ACH and virtual card payments
How Paymode-X helps manufacturing
Efficiency is something manufacturers are known for, but ironically their AP departments are dealing with inefficient processes and payment methods.
AP teams from organizations like yours recognize that realizing efficiency and financial gains means untangling supply lines and automating key functions. AP automation in manufacturing carries benefits from time savings to cost savings, which can help with invoice and payments pain points such as:
- Receiving, approving, and paying a high volume of invoices and juggling a complex payments environment
- Reducing reliance on paper invoices and checks that are slow, costly, and error-prone
- Implementing and managing distinct virtual card and ACH programs
- Integrating invoice and payment activity with your ERP and banks
Navigating short-term and long-term crises including inflation and supply chain problems
- The need to securely pay Vendors, strengthen relationships and deliver needed remittance detail
Paymode-X helps AP departments to maximize efficiency, visibility and security by automating the entire invoice-to-pay process.
Automate payments to suppliers by tapping into a secure network of 475,000+ businesses
82% of our customers say we help streamline and standardize key processes
We process $275 billion every year with zero fraud
Paymode-X AP Automation integrates seamlessly with common manufacturing ERPs, including:
You can't manufacture time, but you can save it.
Explore the traditional time sinks that AP automation in manufacturing can solve for, and get a better understanding of just how complex your accounts payable process is today and how simple it can be with the right partner.
GET IN TOUCH
Want to learn more about Paymode-X?
What can you expect from the call?
Based on our experience with finance teams in the manufacturing industry, we'll address your current payment processing challenges and discuss:
1. How digital payments are changing the accounts payable for the better for manufacturers
2. Why payment fraud is a real concern for manufacturers over $10 million in revenue, and how you can avoid this pitfall
3. How to create automated workflows and processes that save up to $5 per payment, a ton of time
Chat with us.
We’ll explain some accounts payable success secrets from the over 450,000 businesses that are using the Paymode-X payment network, and how they can be applied to your company.
Let us help you automate your AP processes.
"Paymode-X lowers our cost and time involved with paying vendors, eliminates our maintaining supplier bank info, and removes the risk of lost checks. AP also earns rebates by paying digitally."
-Accounting Supervisor, Large Enterprise Healthcare Company