Møbelringen is a Norwegian furniture retail chain established in 1985. With a paper-based accounts payable system, the team was manually matching invoices to purchase orders; an extremely time consuming process. Learn how Medius had an immediate impact, helping to digitize and streamline invoice processing.
Background on Møbelringen and their set-up
Benefits of Medius AP Automation
Who is Møbelringen?
Møbelringen is a Norwegian furniture retail chain selling to consumers through 69 stores across the country as well as through ecommerce.
What was the challenge?
With a paper-based system the team was manually matching invoices to PO’s. With roughly 80% of invoices being PO based, this process was far too time consuming.
How did we help?
With invoices now digitized, intelligent data capture extracts information and PO invoices are automatically matched. When exceptions occur, they are managed within the digital tool.
“Medius has made a huge difference to our everyday work life. It has freed up a lot of time by removing manual tasks. This way the AP team can take on more assignments to support the business without adding additional staff.”
Gisle Weberg
Accounting Manager
Explore four financial hurdles facing finance professionals
Download quick facts about fraud, slow payments, siloed teams, and low job satisfaction (AND how to overcome them!) from the Medius Financial Professional Census Report.
Want a holistic view of spend?
Finance teams require data at the point of decision to spot potential risks or duplicate invoices as they occur. Download our CFOs Guide to AP Nirvana to find out how a holistic view of spend can give you answers when you need them.
Automated to autonomous AP
Examine the pressures driving AP departments to adopt automation to mitigate risk and improve efficiency and how the AP automation of today is becoming the autonomous AP of tomorrow. Download IDC report.
