Boost invoice lead times with our super-smart AP automation
Medius Accounts Payable Automation makes light work of time-consuming tasks such as coding; capture; and digitizes paper-based invoicing, while posting it straight back to your ERP - so you don't have to.
Report: IDC MarketScape
Read the IDC “Worldwide SaaS and Cloud-Enabled Accounts Payable Automation Applications for Midmarket Vendor Assessment”
Levvel Research: 2021 Payables Insight Report
Based on research with AP professionals in mid-sized organisations this report covers the current state of the payables market
Why Medius Accounts Payable Automation?
Accelerate invoice processing and save time
Make it quicker and easier to process invoices automatically to take advantage of those all-important early payment discounts
Work smarter with AI-driven capture and coding
Our machine learning AI technology spots patterns in coding and capture and fills in the gaps so you don’t have to.
Get complete financial visibility and control
Empower your finance team with a solution that helps them track, trace and identify all payments with a simple click.
Medius AP Automation features
Single user experience for capturing and processing invoices
Eliminate logging into multiple systems for capturing and processing invoices. With our accounts payable automation solution, you’ll be able to use the same UI to capture and process all your invoices, resulting in a single, streamlined user experience for your accounts payable process.
Automated coding powered by AI and machine learning
Our intelligent capture and coding boosts compliance with automatic invoice processing. Medius AI automatically matches invoice data against purchase orders, goods receipts, or contacts based on a wide range of detailed information, including line items, line totals, or invoice headers.
Intelligent invoice and touchless data capture
Our state-of-the-art data capture solution is native to our AP Automation solution and expertly pinpoints and extracts invoice data automatically. It’s powered by our innovative ‘touchless capture’ technology – clever AI that gives hours of productivity back to your team every week. Original invoices are then automatically archived in Medius AP Automation for you to audit whenever you need them.
Complete financial visibility with reporting and analytics equals better decisions
Detailed operational and financial reporting and analytics help you make smarter everyday and business critical decisions and keep control of your finances. Deep-dive into performance KPIs, cash flow forecasts, captured and missed discounts, a working capital dashboard, and so much more – knowing that you can rely on the real-time, data-driven data.
Integrate Medius AP Automation with your back-office
Rapidly bring together your back-office and third-party systems using Medius Connect. It features:
- Out of the box connectors for major ERP systems means a rapid and predictable implementation
- Native embedded capture means a single user interface to manage all invoices from initial input to final approval
- Seamless integration with our modular solutions - such as Medius Pay - to complete, initiate, and manage payments, Medius Contract Management to tie contracts to payment agreements, and of course Medius Procurement to ensure employees order the right goods and services up front and invoices can be automatically matched without issue.
Join these organizations who depend on Medius to spend smart
Benefits of AP automation
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Fewer errors
Human error is a risk in any process, and there’s plenty of room for mistakes to occur in traditional, labor-intensive accounts payable departments. By using AP automation software, these simple processes can be repeated endlessly without error, therefore reducing the risk of fault.
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Automatically digitizes documents
Using automated AP systems removes the need for dated paper filing systems, and the storage space required. Formerly, purchase orders may have needed to be manually filled out, scanned, and then emailed around the office. AP automation does all this for you.
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Makes AP accessible from anywhere
Where paper processes are involved, they often need to be done in the right place. Documents must be filled out accurately, then stored in the correct in-tray, to be filed in the right cabinet. If the process is digitized, they can be accessed and completed from anywhere – even remotely.
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Time saving
Much of accounts payable work tend to be slow and repetitive. However, checking order forms and entering data is done instantly without manual effort, when managed by AP automation software.
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Autonomizes workforce
Employing automated software that is reliable, well made and intuitive will allow everyone to use it. This means that the burden of AP does not have to be shouldered by just one team, and everyone in the workforce can confidently file purchase orders with a system that gives them a step-by-step guide.
Bring a data-driven approach to your AP
AP: work smarter, not harder with Medius Analytics
Use your accounts payable team's secret weapon (its own data) to boost operational efficiencies with Medius Analytics. Our deep-dive dashboards and reports help you increase cash flow visibility, better manage suppliers, drill into process bottlenecks and so much more.
With more than 90% of all accounts payable invoices now automated and essentially touchless, we now have control of our true financial picture. Everyone is thrilled – the AP team, the business, our suppliers. The outcome is remarkable!
Elise Byrd
AP Manager at Silver Eagle Distributors
I’m happy to see that our AP colleagues are fond of the Medius workshops and they get a lot of energy working with the new solution.
Sven Slowak
Project Manager, Industriehof Scherenbostel
With more than 90% of all accounts payable invoices now automated and essentially touchless, we now have control of our true financial picture. Everyone is thrilled – the AP team, the business, our suppliers. The outcome is remarkable!
I’m happy to see that our AP colleagues are fond of the Medius workshops and they get a lot of energy working with the new solution.
What is accounts payable automation?
Accounts payable automation refers to the process of eliminating many of the manual aspects of accounts payable systems. It’s specifically useful in facilitating the automatic creation, review and approval of invoices digitally, rather than having to receive, scan and manage paper documents. With our accounts payable automation solution, AP processes can be streamlined and managed more efficiently to provide better visibility and control over an organization’s finances.
The main goal for AP automation software is efficiency – automating these processes allows for seamless and swift operation of the accounts payable department. By using automated software, you can move faster, reduce errors, and allow your company to scale quickly and easily. AP automation solutions minimize time consuming manual tasks, helping businesses that utilize it to save costs on resources.