Medius Accounts Payable Automation and Pay for NetSuite

How much work could you do if invoices weren't working you over?

How much work could you do if invoices weren’t working you over?

Medius makes AP autonomous – using intelligent technology to reimagine the procure-to-pay process. The Medius AP allows customers to get started with the applications they need now and add more as their business grows.

Bring the same level of speed and accuracy to every invoice – using a combination of intelligent technologies to electronically capture, digitize, process and pay invoices regardless of their format.

Medius is a Value Leader on Spend Matters 2022 SolutionMap!

Key Benefits

Save time

Nearly 60 percent of finance professionals agree that the invoice and payment process takes too long, according to a recent study. Imagine, Less time to process invoices. Automated routing. Easy search. No lost or misplaced invoices. Your business will benefit from notable time savings when you streamline the approval process and the right person receives the right invoice right on time. Automated accounts payable solutions lead to nearly 20 percent fewer days payable outstanding. This means that AP automation benefits will save your business time.

Save money

Manual time is expensive as are manual processes. In fact, research suggests that it costs three times as much to process invoices manually versus the same process with automated accounting software. By eliminating manual work, your business can reduce labor costs, particularly those associated with data entry, storage and postage, while ensuring that payments are always made on time. An automated AP system will also alert you of overpayments before they happen.

Prevent fraud

Fraud is more pervasive than ever, with more than 74 percent of companies worldwide targeted in 2019. The chief benefits of AP automation include fraud prevention since automated AP accounting software can control access to invoices. Likewise, enhanced visibility into the payment workflow will automatically flag duplicate payments, false billing or other suspicious activity. Your software can help you maintain compliance, avoid fees and create a clear audit trail.

Improve accuracy

Accounts payable automation tools reliably reduce errors and bolster accuracy. The software eliminates manual data entry and validates data against enterprise resource planning, so duplicate or erroneous payments are easy to detect.

Increase productivity

Eliminating manual work naturally boosts productivity—not to mention employee morale across the company. Automatic routing and validation will also reduce errors and give your finance team more time to focus on the rest of their work. Many workers in the field report increased burnout in the face of growing invoice numbers, and automated AP software is a great way to relieve some of this burden and free up their time.

Bolster collaboration

Manual processes typically require paper to be placed in a specific location in a particular office—which is hardly convenient for today’s global, flexible workforce. Accounts payable automation software gives companies total control and access to their AP data and transactions, bringing teams across multiple locations together to better manage cash flow and vendor information. It also shares information in real time, making it easier for everyone on the team to collaborate, no matter where they are, and make sound decisions based on the latest financial data.

Full visibility and data transparency

Automated accounts payable solutions create instant transparency: You know where every invoice is. You can gauge employee productivity for reviews. Enhanced AP dashboards provide the visibility and transparency you need, and your customers want.

Customized to your business needs

Customize your AP workflows and route invoices where you need them to go based on various levels of authorization. Custom mobile apps and accounting software adapt to your company’s specific needs so you get everything you need and nothing that you don’t.

Customer Quote

“Medius has made a huge difference to our everyday worklife. It has freed up a lot of time by removing manual tasks. This way the AP team can take on more assignments to support the business without adding additional staff.” Accounting Manager, Møbelringe

- Gisle Weberg

A complete payables solution, automating everything from invoice capture, processing, and payment

Break the accounts payable bottleneck with Medius; a complete payables solution, automating everything from invoice capture and processing through payment approval and disbursement.