Paymode-X Expands AP Automation to easily pay overseas vendors
24 Agosto 2021 - 4:00PM
Bottomline (NASDAQ: EPAY), a leading provider of financial
technology that makes complex business payments simple, smart and
secure, today introduced expanded global payments functionality for
its market-leading payments network, Paymode-X. The expansion of
International Payments provides a safe, effective and easy way for
businesses to pay overseas vendors.
The expansion furthers Paymode-X’s
commitment to make it simple for businesses to pay and get paid.
Paymode-X can be used by clients to capture, manage and route all
payment types – B2B, B2C, domestic and international. Processing
all payments securely within a single solution allows for highly-
automated and efficient payments regardless of location, payment
type or payee.
Paymode-X is transforming how more
than 450,000 member businesses securely pay and get paid,
processing more than $250B annually. Paymode-X was named a “Market
Leader” in the Ardent Partners 2021 ePaybables Technology Advisor
report.
“Organizations automating accounts
payable realize tremendous value, including improved cash
management, reduced errors and fraud prevention. Having a single
payments platform for domestic and international payments helps
streamline processes, control costs and increase efficiency,” said
Bob Cohen, Vice President of Research, Ardent Partners. “Automating
the accounts payable process is one of the largest and most
significant opportunities to drive value within a finance
department, and international payments are an important component
of this.”
Carnival Cruise
Line, a customer on the Paymode-X network, uses
international payments to pay agents across the globe: “Paying
organizations across the world in their preferred currency is a
cornerstone to our relationships. It makes it easier on them to
process our payments,” said Ricky Rodriguez, CPA, Director,
Revenue Accounting at Carnival Cruise Line. “Having one
secure platform for digital payments, regardless of final
destination, helps reduce complexity, eliminates the need for
duplicative systems and provides peace of mind knowing that our
payees are paid securely in their currency.”
“Paymode-X International Payments recognizes that the most
efficient, effective payment platform addresses the needs of both
payers and suppliers globally,” said Tom Dolan, General Manager for
Paymode-X, Bottomline. “Integrating international payments
within a single payment instruction file reflects work with our
customers to tailor how Paymode-X can best expand its capabilities
and delivers against their needs. Mid-market and enterprise
businesses can pay suppliers across the globe, eliminate manual
processes and ensure vendors are paid in their preferred
currencies.”
About Bottomline: Bottomline (NASDAQ: EPAY)
makes complex business payments simple, smart, and secure.
Corporations and banks rely on Bottomline for domestic and
international payments, efficient cash management, automated
workflows for payment processing and bill review, and state of the
art fraud detection, behavioral analytics and regulatory compliance
solutions. Thousands of corporations around the world benefit from
Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline
delights customers through offices across the U.S., Europe, and
Asia-Pacific. For more information visit www.bottomline.com.
Media Contacts:
John StevensBottomline pr@bottomline.com1 (603) 501-4840
Jacqueline PowellBottomlinepr@bottomline.com0044 789 4256448
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