Average Ratings 2 Ratings
Average Ratings 0 Ratings
Description
Paymode, the business payments network established by Bottomline, efficiently handles more than $425 billion each year. It has earned a reputation as a premier platform for business payments, providing advantages to both payers and suppliers alike. More than 550,000 verified enterprises utilize Paymode to minimize their payment processing expenses, mitigate fraud risks, and achieve considerable time efficiencies in accounts payable and accounts receivable operations. Through the digitization of payments, simplification of approval processes, and automation of receipt and reconciliation tasks, Bottomline's clients reduce their processing times by over 50%. This innovative approach not only enhances operational efficiency but also fosters stronger financial relationships between businesses and their partners.
Description
An electronic invoice approval system is essential for a paperless office, serving as an automated accounts payable software solution. This system allows supplier documents—such as price updates, order confirmations, shipping notices, bills of lading, packing lists, and invoices—to be integrated directly as electronic data, provided the supplier has transitioned to electronic communication. For those suppliers still using paper or fax, the system collects, digitizes, identifies, and stores these documents in an online web-based repository for easy access and ongoing processing. The accounts payable department plays a crucial role in managing and reviewing these transactions to ensure that all outstanding invoices are approved, processed, and paid promptly. This responsibility can create numerous challenges, including potential human errors during data entry, misplaced invoices, late payments, invoice duplicates, and the risk of double payments. By implementing this electronic system, organizations can significantly enhance efficiency and reduce the likelihood of such issues. Ultimately, a streamlined accounts payable process not only benefits the department but also strengthens relationships with suppliers by ensuring timely and accurate payments.
API Access
Has API
API Access
Has API
Integrations
Ellucian Banner
Infor CloudSuite HCM
Infor CloudSuite Industrial Enterprise
Infor M3
MRI Software
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Dynamics SL
NetSuite
NetSuite CRM
Integrations
Ellucian Banner
Infor CloudSuite HCM
Infor CloudSuite Industrial Enterprise
Infor M3
MRI Software
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Dynamics SL
NetSuite
NetSuite CRM
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Bottomline
Founded
1989
Country
United States
Website
www.bottomline.com/us/paymode
Vendor Details
Company Name
ShreeMon
Founded
2014
Country
United States
Website
shreemon.com/Product/Account-Payble-Software
Product Features
Accounts Payable
Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management
Product Features
Accounts Payable
Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management