Save time in the procure-to-pay process by transforming AP first.
Automated accounts payable and procurement software are changing the way businesses manage their spend. Hear from Spend Matters how automating your procure to pay processes with Medius spend management software – starting with AP management first - will help you:
- Transform all supplier invoices into one digitized format.
- Automate, capture, and extract data – at line-level detail.
- Match invoices to POs, no matter how complex.
- Pay suppliers on time, every time.
- Improve purchasing control and reduce costs.
Reduce your workload by 90%.
Achieve 85% more cost savings.
Read this report from Spend Matters, the leading source for P2P platforms and solutions intelligence, to learn how to automate the entire P2P process from purchasing to payment.
When you transform accounts payable in the P2P process you will:
Reduce risk and prevent fraud from happening
Experience 99.7% touchless AI-based intelligent invoice capture
Increase control and cut the costs of making payments
Reduce maverick spend
Ensure you’re getting the right price from negotiated contracts
Establish a strong foundation for the entire P2P process that saves time and improves control by minimising errors and digitizing accounts payable.
Putting AP at the front of business spend management automation allows organisations to concentrate on other business functions, and also directly impacts the effectiveness of various upstream parts of the procure-to-pay process, specifically management of risk, spend, and compliance. Key features of an autonomous P2P solution should include:
Intelligent invoice and touchless data capture
Three-way matching
Pre-defined reports, dashboards and KPIs
Streamlined supplier payment process
Tailored approval workflows and permissions
Medius spend management software integrates with the most popular ERP systems
Avoid the time and cost of ERP integration with Medius' pre-packaged and fully managed ERP connectors, available for leading ERPs. Don’t see your ERP listed? No problem. Our REST APIs are the blueprint for building an integration you can trust.
Thanks to Medius procure to pay automation, UK retailer Liberty London reduced invoice processing time from 2 weeks to less than 5 days.
About Medius
Medius is a leading spend management software provider with a global footprint, including offices in London and Manchester, United Kingdom, following the acquisition of UK firm Wax Digital in 2019. Founded in Sweden in 2001, we’ve steadily grown our European footprint and now operate in 9 countries around the globe. We have more than 4,000 customers in 116 countries and process $200 billion in annual spend.
Manchester office:
17 Marble Street
Manchester M2 3AW
United Kingdom
