Automate, streamline and secure the entire invoice-to-pay process
Enhance efficiency, reduce the risk of fraud, increase rebates and cut costs associated with vendor payments.
Benefits
Speed up invoice and payments processing, while reducing fraud risk
With Paymode, you can digitize every step of the payments process. Our AP automation software helps you reduce fraud risk by putting invoice and payments processing online in one secure portal. Plus, when you automate your vendor payments, you’ll sleep easier at night because your vendors will be fully validated and authenticated before you ever make a payment.
Maximize your rebates with secure vendor payments
Make vendor payments using two electronic payment methods: virtual card and Premium ACH. Both generate rebates and can be easily tracked in a dedicated portal. Vendors can easily track their payments online in Paymode, too. They even get rich remittance data to help streamline their accounts receivable.
Get unmatched fraud protection
Paymode uses more than 300 data points to validate vendors and make sure they are who they claim to be – and are not on any blacklists. These fraud prevention steps occur before you’ll make a single virtual card or Premium ACH payment over our network. Plus, whenever a request is made to change bank account information, these validations – including IP location and type, device being used, and other digital identity variables – are repeated in full.
Strength in numbers
Because the Paymode network is more than 550,000 businesses strong, it’s likely that at least half of your vendors are already getting paid through Paymode already. That means it will take no time for them to add you as a payer, as soon as you are ready to launch. Plus, we’ll handle enrollment for any vendors not already using Paymode.
Bottomline’s payments network, Paymode, has over 550,000 businesses exchanging B2B payments. The network securely processes more than $425 billion in payments every year from these member businesses, which have been validated and authenticated to protect fraud. The network grows daily, with that growth benefitting you and your suppliers.
