Medius

Medius offers a suite of AP automation software designed to help midsized businesses automate accounts payable and payments, minimize fraud risks and get a better view of cash flow. The software uses artificial intelligence technology to capture, process and pay invoices, freeing employees from tedious work.

The software includes a number of features to help make AP easier and better:

• AP Automation: Automate accounts payable to eliminate manual tasks like data entry, matching and processing invoices, and get a complete view of invoices, spend and cash flow.
• Payment Automation: Automate supplier payments to save time and money, reduce fraud and manual work.
• Fraud & Risk Detection: Use machine learning and AI to enforce policies and catch potential fraud, and get a view into fraud and risk exposure.
• Medius Copilot: A conversational AI assistant for approvers that can answer questions automatically to help ensure accurate invoice decisions.
• Supplier Conversations: Give suppliers the ability to automatically update invoice and payment status, taking workload off the AP team.
• Procurement: Manage spend by automating tasks, setting up approval workflows and providing supplier insights.
• Expense Management: Automate and control business expenses without complexity, using AI and ML to auto-populate expense reports.
• Sourcing: Run comprehensive sourcing events to find better suppliers at the best price.
• Contract Management: Manage supplier contracts digitally for complete control and visibility.
• Supplier Onboarding: Reduce supplier risk and improve performance with a single package for accurate vendor data and ongoing measurement tools.

Medius hopes to take automation a step beyond the ordinary, offering peace of mind by giving customers insight into direct and indirect spend, employee expenses and payments in the pipeline. That means finance teams can make better decisions, avoid costly consultants and improve forecasting.

The software is designed to be easy to use and adaptable so businesses can start getting value without a long implementation process or heavy maintenance. Medius also offers a variety of resources, including product brochures, events, webinars, guides and reports, to help customers optimize their AP processes.

Published on July 26, 2024