Achieve 100% payment automation and enable your AP department to maximize efficiency, reduce fraud risk, and optimize working capital.
Making AP payments by paper check is costly, inefficient, and prone to fraud. Even some approaches to payment automation can be fragmented—requiring AP departments to gather and store sensitive vendor bank account details or adapt to separate processes for virtual card, ACH, and check payments. Only 25% of AP departments describe their processes as being “highly automated.” (IOFM, 2018)
Paymode-X Integrated Payables helps AP departments overcome the inefficiencies associated with manual processes and fragmented solutions by quickly converting to a streamlined approach to electronic payments. Easily make any type of payment—including virtual card, Premium ACH, Basic ACH, and check—using a single process that integrates seamlessly with your ERP.
Your organization can draw on the power of a 400,000+ member network of businesses already accepting electronic payments. This established network, combined with comprehensive vendor onboarding services, helps accelerate payables optimization.
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