By eliminating repetitive, error-prone invoice processing tasks, Medius Accounts Payable Automation de-risks supply chains, helping you gain control over your spend and support organizational growth.
Your supply chain is the lifeblood of your business. Don’t let late payments and mistakes harm your supplier relationships and disrupt production. With Medius, ensure an uninterrupted flow of materials using AI-driven AP automation.
Medius best-in-class customers process PO invoices in just one day, making on-time supplier payments a breeze.
External vendors can self-service their invoice questions with an AI conversational service agent, providing real-time updates on approval status and expected payment timelines.
Suppliers won’t need to change their invoice format. Instead, they’ll send their invoice to you as usual, and it’ll automatically become digital thanks to Medius Invoice Capture.
Reduced invoice processing time frees up working capital and gives you the flexibility to extend supplier payments or capitalize on early payment discounts.
Analyze your spend across plants, regions and categories with a consolidated view of direct and indirect spend by integrating multiple ERPs into a single source of truth.
Detailed line-item capture and multilevel matching ensures invoices, direct material POs, and goods receipts, are accurately matched and autonomously processed for accurate payment control.
Manufacturing thrives on efficiency, but manual accounts payable (AP) processes create bottlenecks that keep them from running their business efficiently. In this high-volume environment, manufacturers grapple with mountains of invoices, supplier complexities, and delays in approvals. AP automation tackles these challenges head-on by streamlining workflows, reducing errors, and boosting visibility – all of which contribute to extending agility and productivity beyond the factory floor.
“Early payment discounts are heavily used in Germany. Thanks to Medius AP Automation, we have been able to get invoices into the system quickly and approved well in time to capture cash discounts from our suppliers. This is a huge improvement for us.”
Axel Niederquell
IT Manager, Dynapac
With Medius Capture, bring the same level of speed and accuracy to every invoice – using AI and ML to capture, digitize, and process invoices regardless of their format so you can handle more invoices.
Medius best-in-class customers see a 94.9% touchless processing rate, meaning invoices go straight to the payment queue without requiring manual review.
Offer approvers easy, convenient ways to review and approve the invoices via mobile devices and through a single click in an email, offering time back for more business-critical tasks.
As the industry evolves, failing to adapt will put you at a competitive disadvantage. It's time for manufacturing companies to embrace the full potential of accounts payable automation and set the stage for extraordinary growth and success.
Learn about the unique challenges, tailored solutions, and the future of manufacturing AP.
Resources to get you started.
Immediate savings and improved efficiency with autonomous AP.
“With its time-saving automation workflows, Medius has been a game-changer.”
Jason Mayfield
Accounting Director, NIC Global
