Question: Can you recommend a solution that automates accounts payable and minimizes fraud risks for midsized businesses?

For midsize companies that want to automate accounts payable and reduce fraud risks, Medius has a broad range of AP automation software. That includes payment automation, fraud and risk detection, and conversational AI help to eliminate manual work and provide transparency into cash flow. Medius also offers real-time visibility into direct and indirect spend, so companies can make better decisions.

Another good choice is Stampli, an AI-based platform that houses AP-related communication, documentation and workflow. With more than 70 ERPs integrated, Stampli automates work and offers features like a virtual assistant called Billy the Bot, multi-entity support and audit-ready access. The service can dramatically cut time and labor while keeping the entire invoice process accurate.

Basware is another good option, offering a cloud-based purchase-to-pay and e-invoicing service that automates complex invoicing. With global compliance and integration with more than 250 ERPs, Basware offers features like touchless invoice processing, actionable AP insights and 100% spend visibility. It's scalable and adaptable, so it can be used by companies large or small.

Last, Yooz offers a cloud-based service that automates procure-to-pay processes, with real-time automation and cost savings up to 80%. With AI-based data extraction and automated GL coding, Yooz streamlines AP processes, increases productivity and security, and aims for paperless operations and the highest possible ROI.