Accounts Payable Managers and other financial executives know that receiving paper invoices and making payments by check is highly inefficient, labor-intensive, time-consuming and expensive. The vast majority of finance professionals recognize that converting paper to electronic processes would greatly streamline payables operations, increase cash management capability, and reduce costs. Bottomline offers healthcare organizations alternatives to costly manual processes with our accounts payable automation solutions.
PayMode-X®, Bottomline's settlement network, is designed to simplify the conversion from paper to electronic payments, foster collaboration between payers and vendors and streamline business processes for cost reduction and working capital optimization Delivered via Software-as-a-Service (SaaS), Paymode-X enables organizations to send electronic payments and remittance detail to vendors and other payees.
Transform® AP captures incoming supplier invoices and links the invoice data directly to your ERP application, including automated 2-, 3- and 4-way matching for PO-based invoices and exception processing with online review and approval of invoices for payment. This processing flexibility supports a company's existing infrastructure investments and helps to maintain a lower cost of ownership by eliminating the need for incremental ERP licenses. Transform AP allows organizations to replace their manual AP processes with a digital invoice capture, workflow and storage solutions.