PRODUCT BROCHURE
Medius Statement Reconciliation Product Sheet
In this quick product overview, we show you a new way of reconciling supplier statements with invoices that’s fast, accurate, and audit-ready all from your AP Automation workflow.
What is Medius Statement Reconciliation?
Medius Statement Reconciliation uses AI to automatically match supplier statements and spot missing or mismatched invoices to help prevent over payments. Missing items, duplicates, or mismatches are automatically flagged.
Medius Statement Reconciliation works seamlessly with Medius Supplier Conversations - our AI assistant that answers vendor questions right in their inbox. Together, they deliver best in- class data extraction, supplier management, and supplier communications, so issues get resolved faster, discrepancies disappear sooner, and your AP team stays in control.
Benefits of Medius Statement Reconciliation
Catch missing or duplicate invoices so you can avoid past due payments or duplicate payments.
Prevent overpayments by making sure that the amounts you pay match the goods or services received and invoiced.
Uncover suspicious activity, such as invoices for goods or services never ordered or unauthorized account changes.
Improve supplier relationships by proactively resolving invoice discrepancies with suppliers.
Improve cash flow - see exactly what’s pending and what’s paid, so you can be confident your forecasts are spot on.
Improve month end closing by identifying incorrect amounts, misposted transactions or other errors.