New integration with Bottomline’s Paymode network strengthens embedded payments strategy
PairSoft, a leader in AI-driven automation for procure-to-pay and document management, announced today its partnership with Bottomline, a global leader in business payments. This collaboration will embed Bottomline’s Paymode business payments network into PairSoft’s solutions, providing customers access to secure, automated vendor payments directly within their existing accounts payable (AP) workflows.
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This partnership solidifies finance teams’ access to end-to-end automation through their existing ERP technology. By embedding Bottomline’s Paymode payment capabilities into PairSoft’s AP automation suite, users can access a pre-enrolled vendor network, gain real-time payment visibility, and utilize fraud prevention controls within one platform.
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“The biggest challenge in AP automation goes beyond digitization. It’s about ensuring that payments are secure, efficient, and cost-effective with rebate optimization,” said Matt Cotter, CEO of PairSoft. “By embedding Paymode, we are significantly reducing fraud risk, allowing our customers to take full advantage of the best payment methods for them.”
Embedded technology enables users to initiate and track payments using the PairSoft platform, removing the need for multiple systems. Paymode includes security and fraud prevention measures, employing strict validation processes to reduce the risk of fraud. Moreover, with more than 550,000+ vendors already enrolled in Paymode, businesses can transition to digital payments with a high rate of vendor adoption.
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“At Bottomline, we believe in making business payments simple, smart, and secure,” said Gunita Bindra, VP of Partnership Strategy & Sales at Bottomline. “By partnering with PairSoft, we’re bringing these benefits to even more finance teams, helping them accelerate AP automation and maximize efficiencies.”
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source – businesswire
