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What is Monite?

Monite provides neobanks, B2B SaaS companies, and various platforms with the tools to offer compliant accounts payable automation and invoicing solutions to their clientele. The sophisticated features from top specialized providers are built with an API-first mindset, allowing for smooth integration with current systems. Clients can centrally oversee all incoming invoices, collaborate on approval workflows, and permit employees to pay invoices through cards or alternative payment methods, among other capabilities. They can also create and send proposals and invoices to their customers, accept online payments, and gain insights through detailed analytics. Moreover, functionalities such as personalized invoice design, automated reminders and dunning processes, along with auto-payment recognition and reconciliation, significantly improve the user experience. Essentially, a receivable is characterized as an invoice issued by a business for products provided or services performed that remain unpaid. This scenario frequently occurs due to credit sales, where transactions are conducted on credit terms. The Monite API ultimately streamlines accounts receivable operations for SMEs, enabling them to concentrate on growth and increased efficiency. This innovative method not only simplifies financial management but also boosts the overall operational effectiveness of businesses, fostering a more agile approach to financial interactions. As a result, companies can allocate more time to strategic initiatives rather than administrative tasks.

What is Bottomline Paymode?

Paymode, the business payments network created by Bottomline, facilitates over $425 billion in annual transactions within the realm of business payments. Recognized for its effectiveness, Paymode serves as a valuable platform for both suppliers and payers alike. With more than 550,000 verified companies utilizing its services, Paymode helps organizations lower their payment processing expenses, mitigate fraud risk, and enhance efficiency in accounts payable and receivable operations. Clients of Bottomline experience a reduction in processing times exceeding 50% due to the implementation of digital payment solutions, improved approval workflows, and the automation of receipt and reconciliation tasks, ultimately driving better financial management. Additionally, this innovative approach allows businesses to focus more on growth rather than administrative burdens.

Media

Media

Integrations Supported

AssuranceCM
Deltek Vision
Ellucian Banner
Infor CloudSuite ERP
Infor CloudSuite HCM
Infor CloudSuite Industrial Enterprise
MEDITECH Expanse
MRI Software
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Dynamics SL
NetSuite
NetSuite CRM
Oracle Cloud Infrastructure
QAD Adaptive ERP
QuickBooks Online
RealPage
Salesforce
Teal
Workday Extend

Integrations Supported

AssuranceCM
Deltek Vision
Ellucian Banner
Infor CloudSuite ERP
Infor CloudSuite HCM
Infor CloudSuite Industrial Enterprise
MEDITECH Expanse
MRI Software
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Dynamics SL
NetSuite
NetSuite CRM
Oracle Cloud Infrastructure
QAD Adaptive ERP
QuickBooks Online
RealPage
Salesforce
Teal
Workday Extend

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Monite

Date Founded

2020

Company Location

Germany

Company Website

monite.com

Company Facts

Organization Name

Bottomline

Date Founded

1989

Company Location

United States

Company Website

www.bottomline.com/us/paymode

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

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