Accounts Payable Automation
Maximize efficiency, visibility and security by automating the entire invoice-to-pay process with Paymode-X.
Paymode-X is pleased to offer new Straight Through Processing (STP) capabilities for virtual card payments.
Today, most virtual card payments are delivered through a secure email or via a portal access.
This manual task can become expensive and burdensome as a vendor accepts higher volumes of virtual card payments from their customer base.
With STP virtual card payments are processed directly to the vendor’s bank account while delivering rich remittance data. This reduces the cost of acceptance for high volumes of virtual card payments.
Payers who use STP improve their relationship with vendors, increase automation and maximize their card rebates.
Contact us to start making virtual card payments with straight through processing.
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Make and receive secure and convenient electronic payments using a solution trusted by 450,000+ member businesses.
Digitize the invoice-to-pay process to realize cost-savings, efficiency gains, enhanced security and new rebate opportunities.
Streamline your AR processes with electronic payments, detailed remittance information and valuable accounts receivable tools.
Paymode-X enables businesses to streamline payment processes, reducing costs and risk with its focus on end-to-end digital payments automation – including virtual card and premium ACH payments. Paymode-X has recently bolstered its virtual card payment capabilities with advanced buyer-initiated, straight through processing technology.
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