AP Automation and compliance: automations, regulations & expectations
Learn how you can eliminate many common issues associated with AP automation and compliance and streamline your business operations with our AI-driven approach to AP automation and compliance.
Overview
Welcome to a special Pagero and Medius webinar to address your AP automation and compliance needs. Our joint solution tackles all your accounts payable headaches, converting that stack of unstandardized invoices from your suppliers into a format that is easy to use and compliant in more than 80 countries.
Discover five game-changing moves to:
- Reduce headaches of manual processing of invoices and free up your team for more strategic plays
- Neutralize inaccurate or fraudulent payments with 3-way matching
- Implement a touchless and end-to-end intelligent Accounts Payable process with Pagero and Medius, all in one integrated flow
- Automate the ingestion of invoices from your suppliers in ALL for Automate the ingestion of invoices from your suppliers in ALL formats: paper, PDF, e-invoices, and EDI to any ERP, and multi-ERP environments.
- Fulfill government requirements for e-invoicing in over 80 countries around the world
What are the challenges with international invoicing?
International invoices throw a few curveballs at businesses trying to stay compliant. And when the invoice and payment process is less than efficient, rife with manual steps, or not streamlined into one process to follow across entities, these challenges can be nearly impossible to deal with:
Lack of standardization
There's no one-size-fits-all approach to international invoices. Every country or region has its own regulations regarding format, data requirements, and even reporting protocols. This patchwork of rules makes it difficult for businesses to streamline their invoicing process for global trade
Keeping up with changes
International regulations are constantly evolving. What's compliant today might not be tomorrow. Businesses need to stay on top of these changes to avoid penalties or disruptions.
Data security
International transactions involve sending sensitive data across borders. Businesses need to ensure this data is secure and adheres to regional privacy regulations to avoid hefty fines and reputational damage.
How do Medius and Pagero help deal with international compliance?
Medius and Pagero, working together as partners, offer a solution to the challenges of international invoice compliance. Here's how:
Pagero acts as a "smart business network" that connects buyers and sellers. This network can handle various invoice formats (paper, PDF, e-invoices, EDI) and translate them into a format compliant with the recipient's region.
Medius, as an accounts payable (AP) automation solution, integrates with Pagero's network. This allows for automatic invoice capture, validation, and conversion, ensuring the invoice adheres to local regulations.
Here at Medius along with the team of professionals at Pagero, we stay updated on international e-invoicing regulations. Our partnership ensures our solutions are constantly evolving to address new compliance requirements.
Pagero's network is designed for secure data exchange, following data privacy regulations across regions.
Automating invoice processing with intelligent technology like Artificial Intelligence (AI) not only minimizes manual data entry, reducing the risk of human error, but also applies data trends and anaylsis to scope out and alert for potential fraud or unmitigated risk.
In essence, Medius and Pagero work together to streamline international invoicing, ensuring compliance and minimizing the risk of errors and penalties for businesses operating globally.
Duration: 45 minutes
Additional Resources:
Speakers
Matt Rhodus
VP of Business Development and Strategy at Medius
Matt brings more than 20 years of experience to Medius. He is a leader who helps position our product in a cohesive go-to-market strategy that will best position success to a customer’s long-term success. Accomplishing these goals through various activities that include market and ROI analysis, sales plays, discovery and sale presentations and demonstrations, and taking part in overall sales strategy and planning.
Chris Salisbury
Director of Partnerships and Alliances at Pagero
Chris is the Director of Partnerships and Alliances – North America for Pagero, Inc. and responsible for all partner operations in the region. He has nearly 25 years of experience working with a variety of partners including top tier global brands, national distributors, regional resellers, MSPs and consulting firms.
Chris has been actively working with Pagero’s new and existing partners to offer unique and innovative joint solutions to truly help customers as they navigate the complex landscape of automation, digitization, e-Invoicing and global compliance.
