Customers can choose from a wide range of payment alternatives thanks to the integration of Fifth Third's banking services with the industry-leading business payments technology from Bottomline.

Customers may improve cash flow management, expedite payment procedures, and boost overall business efficiency with this new solution. According to bottomline data, eight out of ten businesses who use the network have boosted their refunds on accounts payable expenditure by 50% or more, and over 50% of them have reduced their processing expenses in half.

"By working together, we are enabling companies to streamline their payment processes and achieve increased productivity in their business operations," said Bridgit Chayt, Fifth Third's head of commercial payments and treasury management. "This partnership demonstrates our dedication to providing cutting-edge business payment solutions that satisfy our clients' changing needs."

Customers can take advantage of numerous payment options through this partnership, such as virtual card payments, premium Automated Clearing House payments, check payments, ACH payments, invoice automation, and business-to-consumer payments. Customers may prosper in today's fast-paced business climate with the flexibility and convenience provided by this comprehensive service.

"We are thrilled to expand our Managed Payables product line with Enhanced Payables powered by Paymode-X.Adam Keck, director of managed services at Fifth Third, stated, "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." "We take pride in using a consultative approach to payables optimization in order to do this effectively."

Jeff Feuerstein, senior vice president of commercial and payment product management at Paymode-X, stated that changing how organizations pay and receive payment is the first step toward increasing accounts payable efficiency. "Our collaboration with Fifth Third brings modernity to the accounts payable process by utilizing automation to increase efficiency and providing the Paymode-X network's supplier scale and business payments."

Customers may now access Enhanced Payables powered by Paymode-X, which provides a smooth payment experience that boosts productivity and efficiency.