How Medius AP automation enables touchless invoice processing
Medius AP automation software streamlines invoice processing by transforming supplier invoices into a standardized digital format and automating the workflow from capture to approval. Using AI-powered data extraction and automated matching, organizations can reduce manual tasks and achieve high levels of touchless invoice processing.
In this video, see how Medius simplifies approvals, improves visibility into invoice workflows, and provides analytics to help finance teams optimize AP performance.
Medius AP automation provides streamlined efficient invoice management, removing manual tasks and enabling unprecedented levels of fully automated touchless invoice processing.
Automating your AP process starts with transforming supplier invoices of all types into one standardized digital format.
Medius AP automation includes automated data capture and intelligent data extraction supported by artificial intelligence and machine learning providing your AP team with significant time savings and fewer data entry errors. Data is captured at line level detail to enable matching of invoices to purchase orders, no matter how complex the scenario. when managing expense invoices where there is no purchase order in place, the user can view the invoice image.
For suppliers with previously approved invoices in the system Medius can automatically suggest coding to apply based on historical data and machine learning technology for a fast and simple way to move the invoice through the process and get the supplier paid on time.
Medius automatically pulls in the relevant approver based on the coding enforcing the delegation of authority, distributing the invoice to the right approver for them to take the next step. All actions and comments are safely saved in the cloud archive for complete control of the process and full audit trail.
The mobile on-the-go solution is incredibly convenient for approvers no matter where they are in the world. Email notifications of new invoices requiring their attention bring them to the web-based invoice record where they can quickly view the invoice image and read through relevant comments, review coding and approve or reject the invoice, all from their mobile phone or tablet.
The majority of purchase order based invoices in Medius AP Automation are processed touchlessly without human intervention thanks to our best practice off-the-shelf workflows.
These workflows include advanced logic for automatic invoice matching to purchase orders and good receipts on line level detail, even in the most complex matching scenarios. In the case of any deviations, Medius makes it easy to locate the lines and details in question. These deviations can be automatically routed to the appropriate buyer or department depending on the type of deviation.
Medius offers powerful analytics for identifying process bottlenecks so that organizations can continuously improve their processes and take AP automation to the next level.
You'll get access to dashboards for a real-time overview and the ability to drill down on detailed data to pull accurate and timely reports for accruals and cash flow analysis. This way you'll gain better financial control so you can close the books on time every time.
The superior usability and the powerful capabilities of Medius AP Automation allow you to drive your business forward with complete control and visibility.
If you'd like to set your business up for success, please visit medius.com and contact us to set up a personalized demonstration.
Explore more:
Explore Medius AP automation
Automate invoice capture, matching, approvals, and posting with a cloud-based AP automation platform.
Learn how to comply with e-invoicing
See how automation can streamline the e-invoicing process, keeping you compliant and ready.
Automate invoice capture
Learn how Medius uses invoice capture to extract the date from your supplier invoices and eliminate manual review.
How much can you save in AP?
Try the savings calculator to compare your metrics against those of other Medius customers and see how much you can save.