Automatically send remittance details where you need them - ERP, accounting system, inbox, or workflow
Reduce Tedious, Manual AR Follow-Up
Introducing Automated Payment Reminders & Reports within Paymode
Paymode now brings invoices and payments together, with the power to easily follow-up on both. Send invoices with confidence, receive payments with detailed remittance data, and reconcile faster - without the detective work, customer chasing customers, or third‑party services. It's all backed by a team you can trust.
Know When Payments are Coming and What Invoices They Cover
Fast payments: Get paid in 1-2 business days, after your payer(s) approve payments. There are no holds, helping reduce DSO
Get alerted: Set up email alerts, so you always know when your payments arrive
Receive remittance data your way: Get remittance data in your inbox or automatically transfer it to your ERP with CTX/EDI for auto-matching your invoices
Stop Losing Time and Money to Manual Matching
Paymode transmits original payment and remittance data directly from your payer's ERP to you, eliminating matching errors.
Eliminate third-party matching services
Accelerate auto-close and improve cash flow
Get Help When you Need it Most
Need assistance or historical data? You'll have dedicated support, seven years of payment history, and even a fast-track to your payer contract though the Paymode portal.
Remittance Data Your Way:
Set Up Automated Delivery or Visit the Paymode Portal
Automate remittance delivery
Download remittance data in the format that fits your workflows
Automate Payment Reminders & Save Time and Energy
Remembering when to follow up on payment, who to contact, and which invoices are overdue shouldn't be manual, tedious work.
With Dunning from Paymode, you can schedule proactive notifications for upcoming due dates and outstanding invoices, all from the same platform you're using to send invoices and payments.
Common Questions about Paymode Payments
How many businesses trust Paymode?
More than 600,000 businesses trust Paymode for processing/receiving payments. Paymode processes more than $500 billion annually without any incidence of fraud.
What is the fee for Premium ACH and virtual card?
For Premium ACH, a per-transaction network fee applies, based on the total volume and size of payments received through the Paymode network. The fee is shown in the enrollment path. For virtual card, Paymode doesn’t charge a fee, but your standard interchange fee applies.
Do I have to use the Paymode portal?
No, you can automate remittance data transfers, reports, and alerts so you don’t have to use the Paymode portal to check on any statuses or use it for reconciliation.
What are Paymode’s major benefits for large companies?
Predictable payments, predictable fees, reduced DSO, and reconciliation at scale, featuring automated matching. In fact, many large companies eliminate their third-party matching services, once they start with Paymode.
What are Paymode’s major benefits for smaller companies?
Automation and security without complexity. Invoice, collect, and reconcile faster with fewer resources, putting less strain on your team while minimizing DSO.
Start Receiving Secure Payments and Detailed Remittance Today
Talk to the Paymode Team
YOU'RE ALL SET
Our team will reach out to schedule a meeting.