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Bottomline Technologies announces next generation Paymode-X® Platform

Bottomline Technologies has announced general availability of Paymode-X 2.0 – Vendor View, the first in a series of next-generation platform features delivering a unique, unified and rich user experience. 

Paymode-X, the largest and fastest growing settlement network, enables Payers to migrate from paper to electronic payments and invoicing while providing Vendors with faster payment and rich electronic remittance data.  Serving more than 230,000 members (up from 200k in November 2012) and processing more than $130 billion annually in spend: 

Source & Copyright©2013 -  Bottomline Technologies 

Paymode-X 2.0 functionality
Paymode-X 2.0 takes the network to the next level while continuing to provide the unparalleled security and stability businesses have come to rely on.  With Paymode-X 2.0, members can:

  • monitor upcoming payments
  • display payments data graphically or in list views
  • navigate to payment detail through a single click and connect directly with Payers to obtain additional payment information
  • robust file-mapping capabilities ensure integration with existing ERP and financial systems, dramatically reducing the implementation and support burden on IT.

Paymode-X 2.0 also provides a complete turnkey solution with onboarding services to drive vendor enrolment, validation of bank and account information and ensure that critical payment information is kept accurate and current throughout the lifetime of the relationship.

Paymode-X is a cloud-based solution which is bank-neutral — debiting or crediting accounts at any bank — so both Payer and Vendor can maintain their existing relationships.

Xign customer conversion programme
“Paymode-X is currently welcoming Xign customers” (Bottomline Technologies’ description) with a special migration programme to convert to V2.0. Bottomline claim that the conversion programme plan and migration tools are designed to ensure a fast and seamless transition. 


Full automation of the procure-to-pay process is happening but very slowly. Technology improvements to make it easier to onboard vendors and integrate with banks/ERP systems are vital.

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