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Real Estate and Property Management AP

How Paymode-X helps real estate

Real estate and property management organizations are increasingly pressured to cut costs and run more efficiently, a challenge that is more significant today than ever before. Those organizations are turning to their AP departments to reduce paper invoices and checks, streamline the management of large supply chains with varied vendor populations, and effectively manage payments to tenants, contractors, and business partners.

Complexity and an ever-growing volume of invoices and payments are problems real estate AP departments have to solve. The alternative is exposure to fraud and massive inefficiency. 

AP teams like yours recognize that realizing efficiency and financial gains means automating your way out of that mess, which can help with invoice and payments pain points such as:

• Paper-based AP processes that are slow, costly, and error-prone
• Challenges implementing and managing distinct virtual card and ACH programs for vendors and payees
• Difficulty integrating invoice and payment activity with ERPs and banks
• Inability to pay vendors electronically with the necessary remittance detail
• Poor visibility and significant fraud risk throughout the AP process