NIC Global is a leading manufacturer of sheet metal components for trucking, medical products and utility cabinets. With limited AP staff and a manual, paper-based system, invoice approvals were slow and vendor payments were delayed. Learn how Medius’ time-saving automation workflows proved to be a gamechanger.
Background on NIC Global and their set-up
Benefits of Medius AP Automation
Who is NIC Global?
Seattle-based NIC Global is a parts manufacturer providing high quality, cost-effective sheet metal products to global brands in the trucking and medical industries.
What was the challenge?
Invoices were being routed by hand and email, often multiple times before an approval was received. Matching PO’s to receipts was difficult and vendor payments were being delayed.
How did we help?
Automation workflows improved overall speed and efficiency. An approval hierarchy routes invoices logically so staff can track and resolve issues. Postage and printing costs were reduced and early payment discounts achieved.
“If someone is looking for a way to manage AP outside manual processes, we definitely recommend Medius. It saves a lot of time and makes accessing info much easier.”
Jason Mayfield
Director of Accounting
With four manufacturing plants, NIC Global is a leading manufacturer of sheet metal components used in a variety of industries. Before implementing Medius, the AP department was using a manual system to process hundreds of invoices. Documents were being routed by email for approval and complex invoices were being matched to receipts by hand. The process was time consuming and vendor payments were unnecessarily delayed.
As the company continued to grow, NIC recognized the need for improvement. Learn how this manufacturer has benefitted from automated workflows that not only save time and money but also improve vendor relationships.
Explore four financial hurdles facing finance professionals
Download quick facts about fraud, slow payments, siloed teams, and low job satisfaction (AND how to overcome them!) from the Medius Financial Professional Census Report.
Want a holistic view of spend?
Finance teams require data at the point of decision to spot potential risks or duplicate invoices as they occur. Download our CFOs Guide to AP Nirvana to find out how a holistic view of spend can give you answers when you need them.
Automated to autonomous AP
Examine the pressures driving AP departments to adopt automation to mitigate risk and improve efficiency and how the AP automation of today is becoming the autonomous AP of tomorrow. Download IDC report.
