Bottomline Technologies, a US-based cloud-based payment, invoice and banking solutions provider, has launched the next generation of Paymode-X, Paymode-X 2.0 – Vendor View.
Features of the upgraded platform are claimed to offer a unique, unified and rich user experience.
Paymode-X is a cloud-based solution that enables payers to switch from paper to electronic payments and invoicing while providing vendors with faster payment and electronic remittance data. It eliminates the expense of hardware installation and hassle of upgrade fees.
The service caters to more than 230,000 members, processing over $130bn in spend per year.
Paymode-X 2.0 allows members to monitor upcoming payments, display payments data graphically or in list views, navigate to payment detail as well as connect with payers to obtain payment information.
Bottomline Client Services vice president, Pincomb Moran, said, "Paymode-X is unique in its ability to facilitate the exchange of financial information between payers and vendors, carry out the settlement, and provide critical information related to those transactions all in a user friendly and intuitive format.
"By providing comprehensive services, automating processing and reducing manual intervention, Paymode-X supports straight-through processing (STP)."