Quickly transition from paper to electronic payments with a secure, cloud-based payment network for businesses. Used by more than 400,000 organizations, the Paymode-X payment network delivers measurable financial returns through a mixture of cost-savings, productivity gains and cash Dividends.
Finance executives are tasked with reducing costs, streamlining processes, turning AP into a profit center and scaling for business growth. But legacy ERP systems, paper-intensive processes, and manual workarounds aren’t up to the challenge. Forward-thinking leaders are increasingly turning to payments networks to extend their existing technology into the digital future of electronic transactions.
By joining the Paymode-X payment network, organizations of all sizes connect to other members who have streamlined their payments and receivables processes, boosted productivity and reaped cost savings.
Payers use Paymode-X to make electronic payments, mitigate fraud risk, reduce paper and labor-intensive processes, and earn Dividends. Leveraging machine learning, the Paymode-X Intelligent Engagement Model® takes the burden of Vendor enrollment and bank account maintenance off of the AP staff, and drives maximum adoption of electronic payments and earns Dividends.
Vendors receiving payments enjoy an easy-to-use system that empowers them to manage their online payment profile, provides better visibility to upcoming payments and delivers detailed remittance advice that enhances receivables processing.
Paymode-X is a cloud-based payment network that delivers prompt, secure electronic payment information to more than 400,000 participating organizations, processing over $200 billion annually. Organizations often find that more than 40% of their targeted trading partners are already enrolled, which accelerates their move to automated payments. The Paymode-X Intelligent Engagement Model® further segments, enrolls and authenticates Vendors to migrate even more payments to electronic.
By integrating with any ERP system and leveraging existing bank relationships, Paymode-X creates a powerful network between Payers and Vendors – today and as business needs grow and change.
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