MAKING ELECTRONIC PAYMENTS EASY AND COST EFFECTIVE
MOVE THE PAYMENT NEEDLE
30% in-house ACH spend
Manual processes, data storage risk, tight IT resources are factors that inhibit in-house ACH spend.
65 - 70% payment network ACH spend
Some businesses can migrate a majority of their transactions to ACH through a payment network.
Source: Bottomline Technologies Survey, 2015
How it works
You can save money, reduce fraud exposure, boost efficiency and generate revenue when you pay suppliers through Paymode-X Connect, one of the largest U.S. payment networks.
Your suppliers might already be enrolled, if not, Paymode-X Connect does all the onboarding, and protects your business by authenticating supplier information.
Implementation is easy. And there’s little-to-no technical burden because Paymode-X Connect accepts any of your payment file formats.
Generating commonly used flexible reporting and robust remittance data makes reconciliation simple, drives more straight-through processing and less manual intervention for your suppliers.
Paymode-X Connect delivers seamless integration with most AP, ERP, accounting and back-office systems and any U.S. depository bank. All with the added safeguards of maintaining your internal controls and approvals.
You can even help transform your AP department into a revenue source by earning dividends on eligible supplier spend.
PERSONALIZED EXPERTISE AND SERVICE
Contact your treasury solutions officer to get started.