Fifth Third Launches New Payables Solution to Solve Clients’ Jobs to Be Done
Enhanced Payables Powered by Paymode-X Maximizes Conversion to
With this new offering, customers can streamline their payment processes, improve cash flow management, and enhance overall operational efficiency. Bottomline data suggests that over 50% of businesses using the network have cut their processing costs in half, and 8 out of 10 have increased their rebates earned on accounts payable spend by 50% or more.
“Together, we are empowering businesses to optimize their payment workflows and drive greater efficiency in their operations,” said
Through this relationship, customers can access a wide range of payment capabilities, including invoice automation, virtual card payments, premium Automated Clearing House payments, ACH payments, check payments, and business-to-consumer payments. This comprehensive offering gives customers the flexibility and convenience they need to succeed in today’s fast-paced business environment.
“We are excited to add Enhanced Payables powered by Paymode-X to our Managed Payables product portfolio. We believe our role with customers is to help them achieve efficiency within their payables operations by partnering to take on their Accounts Payable Jobs to Be Done,” said
“Efficiency in accounts payable starts with modernizing how businesses pay and get paid,” said
Enhanced Payables powered by Paymode-X is now available to customers, offering a seamless payment experience that drives efficiency and enhances productivity. For more information, see www.53.com.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few
About Bottomline
Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 30 years of experience, moving more than
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adrienne.gutbier@53.com | 513-534-8038
matt.curoe@53.com | 513-534-2345
Source: Fifth Third