Automate invoice scanning and capture for greater accuracy.
AI automatically extracts the data you need from supplier invoices and eliminates the need for manual reviews.
Handle any invoice format with ease.
Save money and time.
Using intelligent technologies like AI and machine learning, Medius turns endless PDF, paper and electronic invoices into secure autonomous processes – so invoices get coded, approved and paid on time.
More accuracy. Less oversight.
Say goodbye to manual checks and reviews. With AI Medius automates invoice processing, extracting all the data you need from supplier invoices.
Forget templates and configurations.
AI and ML take invoice scanning solutions to the next level without the need to maintain templates or configurations. Let intelligent technologies do the work for you.
How does invoice data capture software work?
Medius Capture uses intelligent technology such as optical character recognition (OCR), artificial intelligence (AI), and machine learning (ML) to intuitively extract relevant data from paper and digital invoices - including PDF, e-invoices, and EDI - eliminating the need for manual checks and reviews.
You can read more about invoice scanning here.
Watch this video to see Medius Capture in action.
Medius not only defined invoice processing benchmarks, we changed the way the world looks at invoices.
Why would you enter the invoice information into the system?
Ensure all your invoices are processed and sent digitally so you can begin to unlock the benefits of an e-Invoicing program and have consistency across all electronic formats including PDF, XML and many more formats.
Never miss a match.
Eliminate matching errors, discrepancies and time-consuming reviews by accurately capturing information from invoice headers and line-items then automatically matching them against single or multiple POs and receivables.
AI-powered invoice scanning solutions.
Super smart AI technology drastically improves accuracy of traditional invoice capture methods. AI never gets tired, rarely makes mistakes and gets smarter as it processes more invoices. This is the case with Medius Capture.
Seamless integration with your existing systems.
Medius invoice capture software integrates effortlessly with your existing ERP and financial systems, including SAP, Oracle, NetSuite, Infor and Microsoft Dynamics. This ensures a smooth transition and continuous efficiency in your accounts payable processes.
- Quick setup: Get started with minimal disruption.
- Full compatibility: Works with all major ERP platforms.
- Customizable: Tailor the integration to fit your specific needs.
See how you stack up.
Compare your touchless processing results and KPIs against the benchmarks of your peers, assessing your results and seeing where you can improve.
How many of your invoices are actually touchless?
Chadwell Supply used to handle invoices manually and had different folders separating invoices by pay terms and by coordinator. Chadwell Supply turned to Medius to implement a solution that could overhaul their current AP processes and they now challenge themselves to see how many can be touchless.
CFOs are stressed and autonomous AP can help.
61% of companies say their AP is fully or partially automated, but they don't see the return on investment they expected. Use of paper invoices has decreased, but many AP teams report no change in straight-through processing and no change in the average time to process invoices. Many AP professionals continue to face challenges with visibility, manual processing, and unnecessary costs.
The reason: most automation solutions have not kept pace with the needs of today’s AP processes. Find out why, and learn how businesses can leverage Artificial Intelligence (AI) to achieve impactful results.
Drive touchless AP with these 5 tactics.
The definition of a truly touchless process is that no intervention is required from when the invoice arrives to when it is posted to the ERP for payment. It’s possible to get there, and this article will reveal five ways to improve your organization’s AP automation efforts, so you can spend less time chasing paper and more time doing productive work.
Enhanced accounts payable efficiency with invoice scanning software.
Harness the power of Medius Capture to transform your accounts payable process. Our advanced invoice capture solution uses intelligent technologies like AI and machine learning to automate and streamline every step of invoice handling, so you experience a touchless process with a boost in accuracy.
Key benefits of using Medius invoice scanning software:
Time savings
Automate data entry and reduce processing times with AI-powered invoice scanning.
Cost reduction
Minimize operational costs by eliminating manual tasks and reducing the need for paper-based processes.
Improved accuracy
Reduce errors and discrepancies with advanced algorithms that ensure precision in data capture and invoice matching.
Enhanced compliance
Stay compliant with changing regulations through automated updates that adjust to new tax laws and financial rules.
Scalability
Effortlessly handle increasing volumes of invoices without compromising on performance, ideal for growing businesses.
"Capture is very intuitive. No more manual processing of invoices! Invoice coding is detailed and sophisticated and can learn from historic coding. Audit trail on comments on invoices ensures we can chase up individuals to progress invoices."
Samuel Epstein
Finance Operations Manager, G-Research
Heroes blow the whistle,
for better (or worse).
Have you ever wondered what happens when an employee exposes the fraud and greed from within a corporation?
In the new and final season of our award-winning podcast series, Accounts Deceivable, we uncover the perils and rewards of whistleblowing and the unstable tightrope between the two that reporters must navigate. These real stories come straight from the headlines with details from the whistleblowers' personal experiences that you've never heard before.
Invoice scanning and capture software FAQs
Invoice scanning is the process of using software to digitally capture and extract data from paper and electronic invoices. Invoice scanning software utilizes technologies like OCR (Optical Character Recognition), AI, and machine learning to automate this process. The software scans invoices, extracts relevant data, and integrates it into your accounts payable system. This automation reduces manual data entry, minimizes errors, and improves efficiency. By streamlining invoice processing, invoice scanning software enhances accuracy, speeds up payment cycles, and supports better financial management.
Invoice scanning offers numerous benefits, including significant time savings by automating data entry and reducing processing times. It improves accuracy by minimizing errors through precise data capture and reduces operational costs by eliminating manual tasks and paper-based processes. Additionally, invoice scanning ensures enhanced compliance with tax regulations through automated updates and offers scalability to handle increasing volumes of invoices as your business grows. Overall, it streamlines accounts payable processes, improving efficiency and supporting better financial management.
When selecting invoice scanning software, look for these key features:
- Optical Character Recognition (OCR): Accurately captures and extracts data from various invoice formats.
- AI and Machine Learning: Enhances accuracy and learns from data to improve processing over time.
- Integration Capabilities: Seamlessly integrates with your existing ERP and accounting systems.
- Automated Matching: Matches invoice data with purchase orders and receipts to reduce errors.
- Scalability: Handles increasing volumes of invoices as your business grows.
- Security and Compliance: Ensures data security and adherence to regulatory requirements.
- User-Friendly Interface: Simplifies the process for AP teams with easy-to-use tools.
These features ensure efficient, accurate, and scalable invoice processing.
To capture information from an invoice, you can use invoice scanning software that employs OCR (Optical Character Recognition), AI, and machine learning. The software scans the invoice, extracts relevant data such as invoice number, date, amounts, and line items, and then integrates this data into your accounts payable system. This process automates data entry, reduces errors, and improves the efficiency of your accounts payable operations.
Invoice capture software can process various types of invoices, including paper invoices, PDF invoices, electronic invoices (e-invoices), and EDI (Electronic Data Interchange) invoices. This versatility allows businesses to automate the capture and processing of invoices from different sources, improving efficiency and accuracy in accounts payable operations.
Yes, Medius invoice capture software is designed to seamlessly integrate with your existing ERP system. This integration ensures that captured invoice data is automatically transferred to your ERP, streamlining the accounts payable process, reducing manual data entry, and improving overall efficiency. Medius offers robust integration capabilities to ensure compatibility with various ERP systems.
Yes, Medius invoice capture software can manage international invoices. It supports multiple languages and currencies, ensuring accurate data capture and processing for global transactions. This capability allows businesses to streamline their accounts payable processes across different countries and comply with various international regulations.
Yes, Medius AP automation software supports multiple currencies. This feature enables businesses to handle transactions in various currencies, ensuring accurate data capture and processing for international payments. By supporting multiple currencies, Medius helps streamline global accounts payable operations and enhances financial management across different regions.