Medius’ Post

Facing manual AP processes and drowning in invoices? Mercury Systems did too, until they embraced our Accounts Payable solution. Some highlights (just to name a few): 👀 Enhanced visibility 🔄 Streamlined Workflow 💼 Improved Compliance Curious about what we can do to help your business? Read the full blog here: https://ow.ly/ePaq50QkcAG #AccountsPayable #Automation #FinanceTransformation #Compliance

Accounts Payable (AP) departments are often burdened by time-consuming manual tasks and paper-based processes. These inefficiencies can lead to errors, delays, and ultimately, lost money. But there's a solution: investing in Accounts Payable automation. Here's how automating your AP processes can save your business significant money: 👉 Reduced Labor Costs: Say goodbye to manual data entry and approvals. Free up staff for strategic tasks. 👉 Fewer Errors & Penalties: Automation minimizes errors and ensures timely payments, avoiding late fees. 👉 Capture Early Payment Discounts: Faster processing lets you grab those valuable vendor discounts. 👉 Enhanced Fraud Prevention: Automated controls and data analysis help prevent fraudulent activity. 👉 Bonus Savings: Reduced paper costs, improved vendor relations, and better cash flow visibility. #skalable #AccountsPayable #APAutomation #CostSavings #Efficiency #CashFlowManagement

5 ways tech can help prevent fraud in Accounts Payable #DocumentManagement #AccountsPayable #APFraud #accounts #automation #secure #AuditTrail #InvoiceVerification #SupplierVerification #ApprovalWorkflows #data #AI #YourDMS #LetsTalk

Accounts Payable is a perfect example of a solution that finance teams trust to concurrently address many areas of concern, such as security, process inefficiencies, and unstructured AP workflows. As Accounts Payable has been a digitization priority, here are few of the trends to look forward to... www.greenpharmatek.com #AccountsPayable #FinanceSolutions #APAutomation #FinancialEfficiency #DigitalTransformation #InvoiceProcessing #FinancialSecurity #APWorkflows #FinanceTrends #FinanceTech #ExpenseManagement #FinancialDigitization #GreenPharmaTek #FinancialInnovation #APOptimization #FinancialProcesses #PaymentSolutions #FinanceEfficiency #DigitizationTrends #FinancialTech #InvoiceAutomation #FinancialManagement #APDigitization #GreenPharmaTekInsights #FutureOfFinance #FinancialOperations #APImprovement #FinanceStrategy

Who could use 80% of their time back to spend on more important tasks? This is where #automation comes into play! The manual procedure of acquiring invoices and organizing them for payment involves numerous challenges, including: 1️⃣ Time-consuming process: Manual processing of invoices involves significant time and effort. Each invoice needs to be reviewed, entered, and verified manually. 2️⃣ Human errors: The manual data entry process is prone to human errors such as typos, incorrect entries, or misplaced information. These errors can lead to inaccuracies in the AP management system. 3️⃣ Inefficiency and delays: Manual processing can result in inefficiencies and delays due to the dependency on human resources, and unreliable technical sources. This can slow down the overall invoice processing workflow and hinder timely payments. 4️⃣ Different formats: Invoices can arrive in various formats such as PDFs, scanned copies, or paper statements. Handling these diverse formats manually adds complexity to the processing task. 5️⃣ Tracking and monitoring: Manually processed invoices may lack proper tracking and monitoring mechanisms, making it harder to keep a record of invoices, track payment status, or generate reports for analysis. 6️⃣ Increased operational costs: Manual processing requires dedicated manpower and resources, leading to increased operational costs for the organization. 7️⃣ Repetitive and time-consuming tasks: Reliability and performance issues can be found with some invoice provider’s portals, and technical sources used to download digital invoices. Find out how The Canton Group implemented an #intelligentautomation process enhancing the user experience for employees as well as greatly minimizes the occurrence of human errors. —-> https://lnkd.in/ekqaYq2S #AutomateAccountsPayable #AutomateAccounting #AutomateInvoicing #ReduceHumanErrors

Are you still processing your invoices manually? In the dynamic world of business, staying competitive requires streamlining operations and harnessing the power of automation. One area where this transformation is particularly impactful is in Accounts Payable. Manual invoice processing consumes valuable time, is susceptible to errors, and burdens resources. Accounts Payable Automation slashes processing time and reducing costly delays. Keen to delve deeper into this? Don't hesitate to get in touch for a chat. Let's explore how Accounts Payable Automation can elevate your organisation. #AccountsPayable #Automation #OperationalEfficiency #Finance #DigitalTransformation

5 ways tech can help prevent fraud in Accounts Payable #DocumentManagement #AccountsPayable #APFraud #accounts #automation #secure #AuditTrail #InvoiceVerification #SupplierVerification #ApprovalWorkflows #data #AI #YourDMS #LetsTalk

Accounts payable (AP), a procedure that is still primarily manual for many businesses, is getting automated. Automation is not just a commonly used term, but it is also an essential element. In essence, automation technology usage has increased to whole new levels. Take a look to learn more about the new way of automation: https://bit.ly/3ROD1Jj #SkyStem #Accounting #Financial#Professionals #Automation#FinancialDepartments #FinTech #Reconciliation #Automation #Article #AccountsPayable

Your time is valuable. Imagine reclaiming 80% of it to focus on more crucial mission-critical tasks. That's where #automation comes in! The manual procedure of acquiring invoices and organizing them for payment involves numerous challenges, including: Time-Consuming Processes:  Manual processing of invoices involves significant time and effort. Each invoice needs to be reviewed, entered, and verified manually. Human Errors:  The manual data entry process is prone to human errors such as typos, incorrect entries, or misplaced information. These errors can lead to inaccuracies in the AP management system. Inefficiency and Delays:  Manual processing can result in inefficiencies and delays due to the dependency on human resources, and unreliable technical sources. This can slow down the overall invoice processing workflow and hinder timely payments. Different Formats:  Invoices can arrive in various formats such as PDFs, scanned copies, or paper statements. Handling these diverse formats manually adds complexity to the processing task. Tracking and Monitoring:  Manually processed invoices may lack proper tracking and monitoring mechanisms, making it harder to keep a record of invoices, track payment status, or generate reports for analysis. Increased Operational Costs:  Manual processing requires dedicated manpower and resources, leading to increased operational costs for the organization. Find out how The Canton Group implemented an #intelligentautomation process to enhance the user experience for employees as well as greatly minimize the occurrence of human errors. —-> https://lnkd.in/ekqaYq2S #AutomateRepetitiveProcesses #UnattendedBot #TimeSaver #ReduceErrors