From Headaches to High-Efficiency: How AI Transforms AP
See how autonomous AP can combat fraud, improve control and increase compliance
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Automation alone isn’t solving the problem.
Most global finance leaders indicate that they have an automated system. And yet, the SSON Global State of AP Automation Survey reports that AP teams have seen a 47% decrease in paper invoices and an equivocal 46% increase in electronic invoices being processed. But half of AP teams reported no change in straight through processing, and 44% no change in average time to process an invoice.
That means that there’s a lot of digitized unstructured data that hasn’t been automated effectively enough to save time or reduce the number of human touchpoints.
The real promise of AI and machine learning isn’t merely simplifying AP processes, it’s eliminating them.
Medius designed an AI-powered system that can:
- Process the world’s most complex invoices
- Match those invoices to the POs that triggered them or to recognize when there isn’t a PO
- Classify and code invoices
- Verify and approve invoices as per your policy
- Proactively detect for anomalies
- And more
If you’re like other finance leaders, and you want to shift from automation to autonomous AP, then join this exclusive tech-demo to learn more about one of the most ground breaking AP solutions in the market today. In this demonstration we’ll go far beyond basic automation to true AI innovation and how it can be practically applied in your finance function.
Speakers
Evan Nore
Senior Solutions Consultant
Medius
With over a decade of experience as a presales consultant, Evan has helped organizations transform the way they manage accounts payable and procure-to-pay processes. As a key member of the Medius Value Consulting Team, he specializes in unlocking time and cost savings, reducing risk, fostering collaboration, and giving businesses the visibility and control they need to track and optimize their spend. Passionate about automation and AI-driven solutions, Evan is dedicated to helping companies work smarter, not harder in today’s fast-paced financial landscape.
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