AP invoice processing is often error prone and labor intense, with laggard companies spending as much as $35 to process an invoice. By streamlining the invoice approval workflow, leveraging tools and technologies to improve automation, organizations can reduce up to 90% of their invoice management costs.
By focusing on capture, validation, process management and reporting, organizations can easily map out their gaps, quickly identifying potential areas for improvement and building a resolute roadmap towards AP invoice processing best practice.
MediusFlow helps accelerate your AP invoice processing
MediusFlow covers the full AP invoice process, from capture through validation, process management, archiving and reporting, and provides a flexible and powerful foundation for AP invoice processing.
MediusFlow can process invoices of any format – EDI, e-invoices, PDF as well as paper.
It automatically matches your invoices against POs and goods receipts and resolves common deviations, such as shipping and handling charges. This results in highly intelligent invoice automation where only truly objectionable deviations require intervention and analysis before approval and payment. Integration with your ERP system automates the posting of the approved invoices.
MediusFlow also lets you discover non-compliant suppliers and bad invoices, thereby enhancing the supplier relationship management process.
Take control of your AP invoice processing with MediusFlow:
Eliminate paper invoices, invoice keying, errors, invoice storage and rework
Process invoices without touching them: with PO match, automated coding and routing
Get the visibility you need and be able to detect who has the invoices and their status
Read more about our solutions for AP invoice processing, watch a or contact us directly for a demo at your site.
“Automating the AP processes has not only speeded up the approval process but it has also provided us with greater cash flow visibility to proactively control spending, manage liabilities and realize the benefits of available early payment terms.”
Liz Love, Head of AP Shared Service Centre, Morrison