Medius Autonomous AP and NetSuite
Giving AP teams the speed, productivity and insight they need
NetSuite has many benefits for businesses but when it comes to managing the invoice through payment process for Accounts Payable, it’s best to pair NetSuite with a partner like Medius. Intelligent, AI-backed automation centralizes your invoices and payments, eliminating manual steps and increasing efficiency, helping you cut costs and set the stage for unlimited growth.
Recognize these challenges?
Costly delays create stress and confusion internally, delaying decision-making for other parts of the organization.
Delays in getting approvals and confusion about general ledger codes can cost thousands
– sometimes millions – of dollars in late fees.
Time spent on manual tasks leaves no spare moments for insightful analysis and spend-management strategies.
Lack of automation leaves companies vulnerable to fraud, including fake invoices, which account for 20% of financial fraud.
How Autonomous AP with Medius solves these problems
Delivers all the efficiencies of AP automation
Building on AP automation, Autonomous AP automates all steps of the procure-to-pay process.
Handles exceptions automatically
Using AI and ML, Autonomous AP can learn how exceptions are to be handled and then handle them without human supervision.
Learns from approvals, errors, and exceptions
Using AI and ML, an Autonomous AP solution learns the right ways to process invoices and payments, how to spot and correct errors, and how to handle exceptions.
Automates compliance and fraud detection
Autonomous AP detects fraud that overworked finance employees might miss. It also ensures that approvals comply with company policies and applicable laws. For example, it can ensure that approvals are routed to two people when required by the four-eyes principle.
Reduces AP processing costs and errors
By applying AI and ML to every procure-to-pay task and automatically resolving exceptions, Autonomous AP reduces processing costs, avoids late fees and overpayments, and eliminates errors that could jeopardize business relationships or trigger compliance violations.
Medius delivers Autonomous AP for NetSuite
Autonomous AP can benefit finance departments everywhere — and that includes finance departments running on NetSuite. There’s only one end-to-end Autonomous AP solution that has been approved by NetSuite, closely integrated with the NetSuite Platform, and available through the NetSuite SuiteApp marketplace. That Autonomous AP solution is Medius.
Contact us today to achieve a smarter AP, thanks to AI.
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