Automated Invoice Processing
Medius is a rapidly growing IT product and services company, successfully enabling organizations to radically reduce AP processing time, through automated process workflows, ERP and financial solution integration.
MediusFlow™, our innovative flagship product, is a leading purchase to pay solution, receiving customer praise worldwide. This easy-to-use, easy-to-implement product enables radical reductions in AP processing time and effort, reduces errors to near zero, and helps you improve efficiencies, gain control, and save time and money.
Work flows can be customized, allowing automated process management of almost all documents simply and effectively.
Medius is headquartered in Sweden with subsidiaries and partners worldwide.
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PO-based handling with MediusFlow™ The most time-consuming manual invoice handling operation is comparing the invoice against the purchase order; especially when a deviation occurs. The invoice has to be checked and compared against the purchase order, line item by line item until the deviation is detected. This is time consuming, especially for a high volume of invoices. With MediusFlow™ the invoice matching is done automatically. MediusFlow™ is the solution leader regarding row-by-row matching with a unparalleled matching engine. When a deviation occurs, the right person sees the deviation with all supporting information, and, based on that information, simply makes a decision on how the deviation should be handled. Benefits Electronic invoice management reduces the need for resources, cutting costs significantly. Your organization receives a better overview of all AP process flows, quickly locating and eliminating bottlenecks. Using MediusFlow™ automation to process supplier invoices allows your company to streamline manual work. Beyond time and money, you’ll gain total visibility and control over your invoice flow. Your AP team will always know where an invoice is in your organization, and they can make sure you always benefit from cash discounts!
CUTS COSTS BY 50% OR MORE MediusFlow™ significantly reduces supplier invoice processing costs. Installing MediusFlow™ allows efficient digital supplier invoices processing in a fraction of the time. Invoice processing costs can be reduced by 25-50% LINE LEVEL MATCHING MediusFlow™ matches supplier invoices against a purchase-based order at several levels, depending on your business needs. Matching can be performed at header level for general matching and at line level for checking invoices in detail. The system processes any supplier invoice format, such as EDI, scanned paper invoice, plus e-invoices. The application processes all invoices in the same way and using a uniform format. PROCESSES DIFFERENT INVOICE TYPES. MediusFlow™ automatically process different invoice types, regardless of what invoices are involved. Easier manual processing saves valuable personnel time for other qualified tasks. MediusFlow™ identifies differences between payment terms or maximum amount limits. In such instances, the invoice will be sent for analysis according to a circulation list appended to the contract. If there are no differences, it will be sent automatically for payment. MORE BENEFITS MediusFlow™ electronic invoice management reduces resources requirements, significantly cutting handling costs. Mismatches are automatically flagged for resolution, giving you a greater degree of control and with the improved understanding of all process flows, locating and eliminating bottlenecks is easy. |