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Paymode-X

Status: Unverified

Paper-based AP processes are costly, inefficient and prone to fraud. This outdated approach can make it difficult to scale your business and respond to business continuity challenges as they arise. Paymode-X for NetSuite allows organizations to maximize efficiency, visibility and security by automating the entire invoice-to-pay process. Paymode-X helps you streamline invoice receipt, automate workflows, accelerate approvals and make payments using a single solution, as well as earn rebates on AP spend and take your department’s performance to the next level.

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Description

Automate AP Across the Entire Invoice-to-Pay Process with Paymode-X for NetSuite

If your AP department is mired in paper-based processes, battling payment fraud attempts, and struggling to demonstrate a positive return for your business, you’re not alone.

Paymode-X for NetSuite solves for traditional challenges and helps AP departments maximize efficiency, visibility, and security by automating the entire invoice-to-pay process.

Streamline invoice receipt, automate workflows, accelerate approvals, and make virtual card, ACH, and check payments using a single solution that integrates seamlessly with NetSuite. Take your AP department’s performance to the next level with integrated machine learning, predictive analytics, and fraud prevention services.

Comprising an Invoice Automation module and an Integrated Payables module, Paymode-X offers your organization the opportunity to automate your entire AP process from end-to-end, or focus on standalone invoice or payment process improvements.

Paymode-X lets you extend your investment in NetSuite to realize a host of benefits.

Key Benefits

    • Achieve AP automation from invoice receipt through payment
      in a single solution
    • Implement and use easily with your ERP and existing
      bank accounts
    • Gain access to a 450,000+ member network and ongoing Vendor onboarding services
    • Mitigate fraud with Vendor bank authentication, multi-factor authentication and more
    • Partner with a global leader in business payments

Customer Quote

“As our portfolio continues to grow, we take on additional AP processes which get more and more complex.  Implementing Paymode-X as a solution helps us to streamline the entire process from our corporate headquarters.”

– Todd Heinemann, Controller, Pillar Properties

FEATURES

Accelerate Invoice Processing

  • Digitize and automate invoice processing from receipt through capture, matching, coding, and approvals.
  • Integrate easily with NetSuite and improve visibility and control with real-time reporting.

Automate & Streamline Payments

  • Increase efficiency and earn rebates on AP spend by converting to virtual card and ACH payments in a single platform.
  • Easily process and print any remaining checks in the same payment run.
  • Provide your vendors with convenient invoice submission, payment, and remittance options to add value to their receivables processes.

Secure AP Processes

  • Maximize visibility and control and minimize risk by transforming manual tasks into fraud-resistant workflows.
  • Improve security and compliance with comprehensive fraud prevention services, real-time reporting, and a complete audit trail.