Overview

Medius Invoice Capture is an advanced software solution designed to automate the process of capturing and processing invoices. By leveraging intelligent technologies such as artificial intelligence (AI) and machine learning (ML), Medius Invoice Capture transforms manual, paper-based invoice processing into a streamlined, digital workflow. This software ensures greater accuracy, efficiency, and compliance in accounts payable (AP) operations, helping businesses save time and reduce errors.

Features

• AI-Powered Data Extraction: Utilizes AI and ML to automatically extract relevant data from supplier invoices, eliminating the need for manual reviews. This feature handles various invoice formats, including PDF, paper, and electronic invoices.
• Touchless Processing: Enables a touchless process by automating the coding, approval, and payment of invoices. This feature ensures that invoices are processed accurately and on time.
• Seamless Integration: Integrates effortlessly with existing ERP and financial systems, including SAP, Oracle, NetSuite, Infor, and Microsoft Dynamics. This ensures a smooth transition and continuous efficiency in AP processes.
• Fraud Detection: Incorporates anomaly detection technology to identify potential fraud or duplicate payments. This feature proactively spots supplier address or bank changes, out-of-the-ordinary invoice amounts, and other patterns that reveal risks.
• Global Compliance: Manages local and cross-border invoicing and tax compliance requirements. This feature ensures adherence to local archiving regulations and government mandates.
• Customizable Workflows: Offers customizable workflows to fit specific business needs. This feature allows businesses to tailor the software to their unique AP processes.
• Automated Analytics: Provides automated analytics to evaluate compliance and performance metrics. This feature offers actionable insights to drive business decisions and improve AP operations.

Key Benefits

Time savings

Automate data entry and reduce processing times with AI-powered invoice scanning.

Cost reduction

Minimize operational costs by eliminating manual tasks and reducing the need for paper-based processes.

Improved accuracy

Reduce errors and discrepancies with advanced algorithms that ensure precision in data capture and invoice matching.

Enhanced compliance

Stay compliant with changing regulations through automated updates that adjust to new tax laws and financial rules.

Scalability

Effortlessly handle increasing volumes of invoices without compromising on performance, ideal for growing businesses.