Medius is a top provider of accounts payable (AP) invoice automation applications that empower businesses to exercise better financial control and boost process efficiency. Its cloud solutions Ascendo Invoice and MediusFlow enable high levels of touchless and automated invoice processing, reduced lead times, enhanced vendor relationships, and greater visibility and control of financial metrics.
More than 3,000 clients and over 150,000 global users currently utilize Medius’ AP automation programs. The tools offers data-driven benchmarks, process efficiency KPIs, and sophisticated invoice matching capabilities to help clients improves their processes continuously and boost performance. In short, Medius supports the conversion of AP from a conventional, back-office task to a strategic and robust center of business.
MediusFlow’s AP automation significantly improves invoice approval times by delivering a touchless, simple experience. Businesses using this accounts payable workflow tool have been able to reduce the lead time for invoice processing to less than two days.
Automated invoice processing using MediusFlow permits you to:
Get a competitive edge by bolstering supplier relationships
Avoid late payments and bad credit impact
Achieve timely closing of books as well as financial reporting
Deliver an excellent user experience for internal audiences
Empower skilled accounts payable resources to concentrate on business-critical tasks
MediusFlow improves the quality of straight-through processing with its invoice automation and matching functionalities. The vendor’s best-practice processes allow them to collaborate with AP teams to drive improvements. They monitor and track all aspects of the invoice process using their benchmarks and KPIs including their Touchless Ratio. Their sophisticated matching engine facilitates automatic processing of more than 90% of invoices based on purchase orders without manual intervention.
MediusFlow is a scalable and flexible cloud solution that delivers a remarkable user experience across devices to ensure a high adoption level and consistent usage. A shorter approval procedure allows you to make timely payments to your suppliers. This helps you avoid late fees, create more robust relationships with your suppliers, and also benefit from discounts for early payments.
MediusFlow also functions as an intelligence center for your company. It provides effortless access to data and robust reporting features to enable both management and finance teams to get a good financial overview of the enterprise, identify workflow improvements, and make educated business decisions.
Pricing details of Medius’ software solutions are provided on request. Contact the company directly to get precise pricing facts.
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