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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MANUAL INVOICE PROCESSING – SLOW & ERROR PRONE 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. Save time and money using MediusFlow™. Implementing electronic invoice processing, you can realize 25 to 50 percent potential savings – $100,000 or more, processing approximately 15,000 incoming invoices per year.
PROCURE TO PAY – A BETTER WAY MediusFlow™ garners praise from customers the world over! It’s easy to implement, easy to use, and delivers a very quick return on investment. When invoices / orders / receipts match, MediusFlow™ instantly handles approvals for you; when they don’t, MediusFlow™ shows its’ real power, automatically identifying the discrepancies, and providing for rapid resolution options to allow immediate processing – delivering tremendous time and labor savings.
BUT I ALREADY HAVE AN ERP OR FINANCE SYSTEM Most ERP systems include procure-to-pay (P2P) functionality – but this functionality is typically less than optimum. Medius customers experience great success in augmenting their existing ERP environment’s invoice processing, significantly reducing their cycle time, delivering the right work to the right person at the right time, radically reducing errors, and affording greatly improved efficiencies. AND, MediusFlow™ works with virtually any ERP environment as well as most financial systems. |