Paymode-X Frequently Asked Questions

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.

For a longer answer, please visit our Paymode-X AP Automation page.

Paymode-X is the industry’s most secure accounts payable automation solution, allowing more than 475,000 businesses to pay and be paid securely and digitally. We process more than $275 billion in AP spend every year without a single incident of fraud.

For more information, please visit our Paymode-X solution page.

At a high level, we are looking to save you time and money, make your finance teams and processes more secure, and offer you benefits ranging from greater efficiency to increased rebate potential.

For invoicing, Paymode-X seeks to make receipt, capture and processing simple and automated. This allows you to take traditionally tedious, error-prone data entry and processes and turn them into simple, secure workflows.

For payments, we look to automate key processes and workflows, simplify, and secure approvals, and offer methods that save costs and offer rebate potential you may not be realizing. We also onboard vendors for you, taking activities that can strain business relationships and lead to security risks and removing those challenges.

For suppliers, we offer an ever-expanding suite of tools to make reconciliation and cash allocation easier and more secure. We also ensure you receive your payment swiftly and securely every time to enhance your cash flow.

Explore our AP automation page for more details and the business benefits of Paymode-X.

Paymode-X is successfully used across all industries (475,000 businesses cut across a lot!). We have had great success automating accounts payable for health care, higher education, government, manufacturing, and real estate companies, but our deep experience and the versatility of our solution makes us a good fit for virtually any business.

Visit our AP Automation page for more information on the industries we serve.

The short answer is: Every kind you can think of. We serve mid-market to enterprise-level businesses and banks with our solutions.

To learn more about some of our customers, visit our Resource Center and check out our customer success stories!

Great question! While we don’t reveal specific solutions and systems because it would provide the bad guys with valuable intelligence, 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.

Our unique ACH offering, which gives payers significant rebate potential and providers their suppliers with enhanced remittance and visibility. Learn more on our ACH page.

Any! We have deep integrations with some of the leading ERPs in the marketplace—you can see a list on our Integrations page--but through flexible file-based solutions we are able to ensure data can flow freely to and from your ERP with Paymode-X.

Get more information by checking out our datasheet.

Less time than you’d think. We have customers who have done live in 30 days post contract signing. If you have all your files ready, and the small team needed we get you up and running quickly.

Visit our implementation guide for more details.

It means you can get paid faster, reduce your Days Sales Outstanding and reduce your invoice to cash cycle. We have had customers reduce their manual accounts receivable tasks from 2 hours each day down to 20 minutes. You will save a LOT of time and strengthen the relationship with your customers.

Visit our Get Paid page for more details.

It’s as simple as going to our enrollment page and signing up!

We can walk you through it quickly with this video!

How to Add a User

We have a video for that as well!

How to Add a Bank Account

We’re still happy to answer it! If you have additional questions about how to use Paymode-X and navigate your membership, please log in and check out our Knowledge Center for additional information and helpful videos.

We do most of the work for you. After receiving an up-to-date supplier history file, we generally are able to match 50% of our vendors to existing suppliers in our network. That means you can begin paying them right away via virtual card and ACH. For those not on the network, our vendor enrollment team uses a comprehensive, multi-touch campaign approach to encourage your suppliers to join and realize the security and efficiency benefits of being paid through Paymode-X. We also check in with you often to update you on how our campaigns are going.

To learn more, visit our guide to how we enroll (and do everything else) better than the competition.