RESEARCH TRIANGLE, N.C.--(BUSINESS WIRE)--JAGGAER, the global leader in enterprise procurement and supplier collaboration, announced today its new partnership with Bottomline to integrate the Paymode payment network and its Premium ACH offering along with virtual card and other payment modalities, into JAGGAER’s B2B payment solution, JAGGAER Pay.
“Automated payments are one of the cornerstones of JAGGAER’s source-to-pay strategy,” said Dawn Andre, JAGGAER’s Chief Product Officer. “Expanding our natively integrated partner offerings to include best-in-class solutions like Paymode elevates the value of the entire JAGGAER One solution. Leveraging two of the industry’s most valuable procurement and payment solutions provides significant value to organizations looking to optimize their source-to-pay strategy.”
Traditional payment methods are inefficient, prone to fraud, and fail to capture rebate opportunities. JAGGAER Pay, bolstered by the Paymode business payments network, addresses these challenges by significantly reducing the manual and repetitive tasks that AP teams typically handle throughout the invoice lifecycle. This optimization streamlines the entire payment process and enhances cash flow management. With end-to-end automation—from supplier onboarding and invoicing to payment execution—JAGGAER's platform transforms the AP process, leveraging business process automation and seamless platform integrations for B2B payments.
Paymode utilizes over 300 data points to validate suppliers and prevent fraud, including common vectors such as business email compromise. Additionally, network suppliers can choose to accept virtual cards and Premium ACH, providing payers with maximum rebate opportunities.
“The JAGGAER and Bottomline partnership is truly a great fit,” said Gunita Bindra, VP of Partnership Strategy, Paymode at Bottomline. “Adding an embedded payments partner like JAGGAER helps fuel the network’s growth beyond the 550,000+ members today and expands those connections that bring suppliers and buyers together. Our embedded solution in JAGGAER Pay provides buyers and suppliers with a seamless experience that meets them where they are today and where they are headed in the future. It’s a secure way for businesses to automate their payables process and enhance their supplier relationships.”
Beyond the benefits to JAGGAER Pay customers, the Paymode network brings significant benefits to suppliers. By accepting more payments digitally, suppliers enjoy a reduced risk of financial fraud, enhanced reporting, and lowered overall acceptance costs. JAGGAER Pay is a natural extension of JAGGAER’s comprehensive source-to-pay solution suite. “We are excited to be able to say JAGGAER Pay puts the pay in procure-to-pay,” Andre concluded.
The partnership between JAGGAER and Bottomline marks a transformative step towards simplifying payment processes and leveraging payments as a strategic advantage. By combining JAGGAER’s procurement expertise with Bottomline’s Paymode network, businesses can look forward to a future where managing payments is seamless and strategic.
About JAGGAER
JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce.
For more information, please visit www.JAGGAER.com.
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 35 years of experience, moving more than $10 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $160 billion in assets under management. For more information visit www.bottomline.com.
Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc.
