Bottomline Technologies, a provider of cloud-based payment, invoice and banking solutions, today announced that Paymode-X®, its business-to-business settlement network, has surpassed 185,000 vendors.
Paymode-X brings a ground-breaking approach to the mission critical task of accounts payable. With Paymode-X, payers can make electronic payments to the more than 185,000 vendors on the network and take advantage of comprehensive accounts payable automation. Vendors enrolled in Paymode-X gain the ability to receive electronic payments and rich remittance information. Paymode-X streamlines the reconciliation process, increases predictability of cash flow and enables access to critical business data. In addition, as a 100% cloud-based solution, Paymode-X does not require any software to be deployed.
Eliminating paper payable processes presents significant opportunities for cost savings and allows organizations to reduce their environmental impact. For more information on Paymode-X, visit www.paymode-x.com.
Click here to view the entire Bottomline Technologies press release.
Stay tuned for PayStream’s Electronic Supplier Payments report that is due out later this month. The report will focus on solutions that facilitate electronic payments and remittance information to suppliers. It will provide valuable insights into emerging technologies that automate the payments process.