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.

P2P - E-Invoice Automation - Procure-to-pay

 

Astra reviewed many products in the invoice processing space - an area that has great opportunity to deliver real tangible savings to business. What we found, was that only one of the players had a robust product that could accurately deal with the variety of line level matching situations,  3 way matching, automated and re-defined work flows, and do all this in a highly scalable, cost effective manner.

 

Enter Medius - the high growth European player now in the US Market.

   



P2P - E-Invoice Automation - Procure-to-pay - AP Invoice Processing

 

Traditional, manual handling of invoices is a slow, costly process. According to a 2008 Forrester Wave Report the cost of manual handling a single supplier invoice can vary between $10 and $100, whereas a fully automated solution can reduce that cost to $2. 

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MediusFlow™ - The Core Workflow Engine

 

MediusFlow™ is the engine that manages all job processing. This powerful  platform manages all jobs, and is easily customized to your specific needs. MediusFlow™ quickly and simply distributes the job to the right person at the right time, and in full accordance with your business’s predefined workflow. 

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AP Cost Invoice - Expense Automation

Save time and money using MediusFlow™! According to a 2008 Forrester Wave Report the cost of the manual handling of a single supplier invoice can vary between $10–$100; whereas with a fully automated solution you can reduce that cost to $2. MediusFlow™ receives praise from customers all over the world! It’s easy to implement, easy to use, and delivers a very quick return on investment.

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AP Processing - Supplier / Vendor Invoice

 

Save significant time and money by focusing solely on deviations. Use MediusFlow’s powerful matching capabilities to automatically 2–way and 3–way match your invoice against a purchase order on a line by line level, independent of which ERP or financial system you use. Invoice processing is fully automated for invoices where data matches; the ones with deviations will be routed to the appropriate staff for action, and the end-result of that action could be handled in a supplier portal. All-in-all, this will give you a huge saving in your handling of invoices and streamline you supplier communications.

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Purchasing Automation

MANAGE ALL TYPES OF PURCHASING ELECTRONICALLY and reduce the amount of manual processing considerably. Purchasing in many businesses receives no support from the management system. Examples can include purchasing indirect materials which are not entered in the stock database, or a management system which does not support purchase request and authority. By combining vendor invoice management with the MediusFlow™ purchasing module, the entire process is supported. All purchasing is stored in digital format and can therefore easily be matched with invoices.

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Agreement Management Automation

IMPROVE AGREEMENT MANAGEMENT WITH MEDIUSFLOW™.

Some of the most important documents for any business are agreements. Yet many businesses still have no form of efficient agreement administration. Paper-based working  restricts information-sharing and in many instances, no track is kept of when agreements are about to expire. MediusFlow™ allows your organization to avoid time-consuming work, and will make your processes far more efficient.

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