---
description: Compare Xero vs Paymode regarding their features, reviews, pricing, specifications, screenshots & more.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Xero vs Paymode Comparison
---

Breadcrumb: [Home](/) > [Inventory Management Software](/directory/4490/inventory-management/software) > [Xero \<span\>vs\</span\> Paymode](https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x)

# Compare Xero vs Paymode

Canonical: https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x

> Detailed comparison between Xero and Paymode. Check ratings, reviews, pricing, and features to make the best decision for your business.

-----

## At a Glance

| Metric | Xero | Paymode |
| **Overall rating** | 4.4/5 | 4.7/5 |
| **Total Reviews** | 3292 | 27 |
| **Starting Price** | $3.50 | - |
| **Free Trial** | Yes | No |
| **Free Version** | No | No |
| **Deployment** | Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile) | Cloud, SaaS, Web-based |
| **Support** | Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live rep), Chat | Email/Help Desk, Knowledge Base, Phone Support, Chat |
| **Training** | In Person, Live Online, Webinars, Documentation, Videos | Webinars, Documentation, Videos |

## Key features

### Xero

- API
- Accounting
- Activity Dashboard
- Approval Process Control
- Billing & Invoicing
- Compliance Management
- Customisable Invoices
- Data Import/Export
- Duplicate Payment Alert
- Electronic Payments
- Fraud Detection
- Fund Management
- Invoice Creation
- Invoice History
- Invoice Processing
- Multi-Currency
- Online Invoicing
- Payment Processing
- Receipt Management
- Vendor Management

### Paymode

- API
- Accounting
- Activity Dashboard
- Approval Process Control
- Billing & Invoicing
- Compliance Management
- Customisable Invoices
- Data Import/Export
- Duplicate Payment Alert
- Electronic Payments
- Fraud Detection
- Invoice Creation
- Invoice History
- Invoice Processing
- Multi-Currency
- Online Invoicing
- Payment Processing
- Receipt Management
- Vendor Management

## Links

- [View Xero Profile](https://www.softwareadvice.co.nz/software/2976/xero)
- [View Paymode Profile](https://www.softwareadvice.co.nz/software/319073/bottomline-paymode-x)
- [View Original Comparison](https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x)

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"Xero vs Paymode Comparison","description":"Compare Xero vs Paymode regarding their features, reviews, pricing, specifications, screenshots & more.","url":"https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x","about":[{"@id":"https://www.softwareadvice.co.nz/software/2976/xero#software"},{"@id":"https://www.softwareadvice.co.nz/software/319073/bottomline-paymode-x#software"}],"breadcrumb":{"@id":"https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x#breadcrumblist"},"@id":"https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x#webpage","@type":["WebPage","CollectionPage"],"isPartOf":{"@id":"https://www.softwareadvice.co.nz/#website"},"publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"inLanguage":"en-NZ"},{"name":"Xero","description":"Xero is a cloud-based accounting platform designed to assist small and midsize businesses with financial operations management, financial visibility and business performance optimization and more. The platform helps automate accounting tasks and maintain accurate financial records. It offers expense management tools that enable users to track and manage business expenses. Key features include invoicing, quoting, making and collecting payments, tax payment, employee and workforce management, bank reconciliation, expense management, projects handling, reporting and analytics and security measures. Users can capture receipts, categorize expenses and submit them for approval. Xero also supports expense claims, allowing employees to submit their expenses for reimbursement. It provides detailed expense reports, helping businesses monitor spending and identify cost-saving opportunities.\n\nOne of the core features of Xero is its invoicing capability. The solution allows accountants and bookkeepers to create and send professional invoices to clients, track their status and receive payments online. Users can customize invoice templates to align with their brand identity and set up automated reminders for overdue payments. It supports multi-currency invoicing, making it suitable for businesses with international clients. Xero's bank reconciliation feature is designed to streamline the process of matching bank transactions with accounting records. The tool automatically imports bank transactions and suggests matches based on historical data. Users can also create custom bank rules to automate the categorization of recurring transactions. Xero also provides real-time updates on cash flow, helping businesses maintain accurate financial records.\n\nXero includes payroll management functionalities that assist businesses in managing employee payroll and compliance. It allows users to process payroll, calculate taxes and generate payslips. It also supports direct deposit, enabling businesses to pay employees electronically. Additionally, Xero provides tools for managing employee leave and tracking work hours, ensuring accurate payroll processing and compliance with labor regulations. Xero complies with the Payment Card Industry Data Security Standard, and produces Service Organization Control (SOC 2) reports. It also offers a range of reporting and analytics tools that provide valuable insights into business performance. Users can generate custom financial reports, such as profit and loss statements, balance sheets and cash flow statements. Xero's dashboard provides a real-time overview of key financial metrics. The tool supports budgeting and forecasting, enabling businesses to plan for future growth and manage financial risks.\n\nXero integrates with several third-party applications, including CRM systems, eCommerce platforms and payment gateways. Xero’s integrated practice management software includes Xero HQ, Xero Practice Manager, Xero Workpapers and Xero Tax. It connects businesses with their bank, their advisor, accounting tools, payment services and more. These integrations facilitate data synchronization and optimize overall operational. Data is protected by multiple layers of security, including encryption and the platform is subject to strict privacy controls as it uses multi-factor authentication.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/5b3df1a1-b6fb-46d0-bc99-15b50f6d8a07.png","url":"https://www.softwareadvice.co.nz/software/2976/xero","@id":"https://www.softwareadvice.co.nz/software/2976/xero#software","@type":"SoftwareApplication","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.4,"bestRating":5,"ratingCount":3292},"offers":{"price":"3.5","@type":"Offer","priceCurrency":"NZD"},"operatingSystem":"Cloud, Android, Platform ios, Platform ipad"},{"name":"Paymode","description":"There’s no question that accounts payable departments have it tougher than they used to. If you’re still wrangling paper invoices and mailing paper checks, chances are you’re dealing with the frustrations that come with errors, slow and multi-step processes, and even the outsized risk of fraud. You’re likely looking for a better way forward, but wondering if the time and cost associated with a new solution is worth your while. Today more than ever, given the challenges facing businesses, it is. \n\nPaymode-X offers businesses the opportunity to truly automate accounts payable. For AP teams at medium-to-large companies in the United States, this translates into more time to focus on strategic initiatives, less costly processes, an opportunity to realize revenue for the larger business, and the elimination of payment fraud risk. \n\nMore than 500,000 businesses exchange over $300 billion in secure payments on our network every year, all without a single instance of fraud. We also work seamlessly with hundreds of ERPs and accounting systems, have extensive experience serving a host of industries and have onboarded hundreds of thousands of suppliers regardless of size and location. That’s why 100% of customers in a recent survey told us they see more value from Paymode-X than any other AP automation solution. \n\nWith Paymode-X, AP teams can and will: \n-Speed up the receipt and processing of invoices, taking the manual work out of matching them to purchase orders\n-Leaving outdated check payments behind in favor of the speed, security and rebates that ACH and virtual card offer\n-Secure every step of your invoice-to-pay process with truly comprehensive fraud prevention technology\n-Earn cashback rebates on digital payments and save money by eliminating manual tasks \n-Create stronger relationships with suppliers, who can be paid more quickly and more securely, while offloading the management of onboarding and bank accounts details to a trusted partner\n\nHere’s how we make life better and easier for organizations like yours.\n\nInvoice automation\nEnables AP departments to overcome the cost, time, risk and errors associated with paper invoices and manual processes by easily digitizing and automating every step of the invoice lifecycle. From the time of receipt through capture, matching, coding and approvals, we take opening envelopes, cross-checking documents, and walking around the office to get sign-off and relegate them to the past where they belong. With Paymode-X, your AP department will streamline workflows, enhance governance and get operational visibility around PO and non-PO invoice processing. The upshot is that the 15 or so steps you’re used to can be shaved down to just a small handful, saving untold hours and lots of money.\n\nPayment automation\nProvides the opportunity to make every payment digitally, removing the need to stuff envelopes, lick stamps and follow up with vendors to ensure payment has been received. In turn, this helps AP departments maximize efficiency, reduce fraud risk and optimize working capital, all critical concerns in a time-crunched world where expenses are growing for every business. Unlike manual processes or fragmented virtual card, ACH, check and B2C payments, Paymode-X enables businesses to streamline AP across all payment types using a single platform, all while reducing the risk of fraud. \nWe make it easy to get started, whether you’re selecting Paymode-X for invoice automation, payment automation, or true end-to-end AP automation. Our implementations teams take the guesswork and person hours that are customarily part of the IT and accounts payable lift for a new solution out of the picture, guiding your teams through a process that can be completed in well under 90 days. \nSimply put, Paymode-X makes the accounts payable processes that have been manual, slow and fraud-prone for decades and makes them automatic, quick and secure. Those are improvements your AP function has likely needed for a long time.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/b0f6689d-1e49-4620-aef5-3f918777c5be.jpeg","url":"https://www.softwareadvice.co.nz/software/319073/bottomline-paymode-x","@id":"https://www.softwareadvice.co.nz/software/319073/bottomline-paymode-x#software","@type":"SoftwareApplication","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.7,"bestRating":5,"ratingCount":27},"operatingSystem":"Cloud"},{"@id":"https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x#breadcrumblist","@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"Inventory Management Software","position":2,"item":"/directory/4490/inventory-management/software","@type":"ListItem"},{"name":"Xero vs Paymode","position":3,"item":"https://www.softwareadvice.co.nz/compare/2976/319073/xero/vs/bottomline-paymode-x","@type":"ListItem"}]}]}
</script>
