![]() ![]() ![]() With the Medius Accounts Payable Automation solution, AP processes can be streamlined and managed more efficiently to provide better visibility and control over an organization’s finances.īy using automated software, you can be more efficient, reduce errors and risk, and allow your company to scale quickly and easily. An accounts payable (AP) department creates an invoice based on the PO. It allows us to automate invoice approvals by comparing three different documents the. A corresponding PO is sent to the supplier based on the order placed. 3-way matching is an old, long-used method in AP automation. The buyer places the order with the supplier. That's why Medius has put together a line of accounts payable tools that stand to revolutionize the way you work. The three-way matching process works systematically, and as follows: 1. There are plenty of accounts payable automation vendors out there, proving that anyone can automate AP approvals. Test number AP Test 1 Intended users Internal audit and business users. 3-way matching is a process in which purchase orders are matched with goods received notes and the invoice sent by the supplier. Following are the guide to describe procedures: Get the vendor payment bill and generate a three-way match to check consistency against invoices, products receipt, and purchase orders. Identifies manually paid invoices where the three way match with the purchase. It’s specifically useful in facilitating the automatic creation, review, and approval of invoices digitally-rather than having to receive, scan, and manage paper documents. Creating the guide before AP processes and procedures will aid in reducing the errors. But why stop at basic automation? Medius goes beyond basic AP automation by using artificial intelligence (AI) to do the work-invoices get coded, approved and paid while you get to go home and rest easy.Īccounts payable automation software is designed to rid you of many of the manual aspects of accounts payable systems. Accounts payable automation is the act of moving away from manual AP processes to a digitized and streamlined solution that automates everything from invoice capture and processing right on through to payment. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |