Monday 23rd August, 2021
Medius has launched ‘touchless capture technology’ – part of the Medius Accounts Payable (AP) Automation suite to help transform its customer’s electronic invoice management processing.
Utilising Microsoft Azure Machine Learning and Artificial Intelligence (AI), with a user-friendly interface, Medius has developed an e-invoicing solution that captures and converts data dynamically, and dramatically reduces processing time to mere moments. The company said.
As invoice data issues are discovered by accounts payable individuals, the AI-enabled solution learns and applies those discoveries to subsequent e-invoices, getting smarter after each use.
Medius VP of Capture Product, Katarina Andersson, said: “Touchless invoice processing eliminates errors and inconsistencies, helping to improve an organisation’s efficiency. “Companies that pay on time enjoy the best discounts from suppliers and can pass these advantages on to their customers.”
Bharat Sandhu, senior director, Azure AI and Mixed Reality at Microsoft, said: “Microsoft Azure helps Medius deliver a next generation, cloud e-invoicing solution that streamlines the accounts payable process for its customers. In today’s fast-paced and remote business environment, eliminating manual work and increasing collaborative visibility within an organisation are real-world outcomes that Medius’ and our mutual customers are experiencing.”