More than 2,500 customers automating their AP with MediusFlow

Our vendors are extremely happy. In the past, we were struggling to pay an invoice in less than 45 days. With MediusFlow we have been able to shorten our invoice processing lead time to in average 11 days.

- Regis Litre, CIO, Marc Jacobs

AP invoice automation: How it works

By automating every step of the invoice management process, MediusFlow allows you to reduce manual work, accelerate invoice processing, and gain greater financial control and visibility.

Companies using MediusFlow's AP Invoice automation solution have successfully streamlined their process to the point that over 90% of invoices run through a fully automated “touchless” process. Learn more about automated invoice processing.

What is AP invoice automation?

With AP invoice automation supplier invoices are processed in a fully digital workflow where some or all steps are automatically managed by an AP invoice automation solution.

AP invoice automation enables companies to eliminate paper invoices and remove manual tasks, while invoices are processed faster and suppliers are paid well in time before due date.

In order to work with AP invoice automation, you need to convert all invoice data to a single digital format, using invoice scanning and data capture solutions.

The MediusFlow AP invoice automation solution allows you to automatically code and distribute invoices to the right person for approval based on your company’s chart of accounts, business rules and approval hierarchy that are pre-configured in the system.

For order-based invoices with a corresponding purchase order and registered goods delivery receipt (GDR), MediusFlow matches each invoice row to the correct line on the order. If all of the information matches up, the invoice is automatically approved for payment – in a completely touchless process.

 

Discover AP process benchmarks for your organization

Try out our AP Efficiency Benchmark Calculator to learn how similarly sized companies in your industry with the same ERP system perform on the most important accounts payable KPIs.

Learn more about AP invoice automation

Discover informative content on the topic of efficient AP invoice automation. You can also visit our Knowledge space for more expert advice.

Webinar: Prepare AP for the Age of Digital Transformation

Learn from top industry influencers how digital transformation is reshaping AP and Finance departments around the globe

Case study: Full control of the AP process with modern AP automation

Learn how Tikkurila achieved control, efficiency and 93% touchless invoice processing with MediusFlow.

Video: 15 min solution demo

Watch a full video demonstration of MediusFlow and discover the benefits of true accounts payable automation.

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