AP teams: work smarter, not harder with spend analytics from Medius
If you’re always looking to gain better visibility to manage your cash on hand or want to find the best opportunities to boost your efficiencies, then you should be using our spend analysis software Medius Analytics. Why? Because you’ll be able to use your own Accounts Payable (AP) data as your secret weapon to make smarter decisions – it’s as simple as that.
Why Medius Analytics?
Increase visibility to monitor cash position
Never lose track of your cash position with an always-on, always accurate spend analysis solution providing a view of your cashflow, improving forecasting
Better manage supplier payments
With better visibility you can identify opportunities for early payment discounts or extend supplier payments to manage your cash position
Spot process bottlenecks
Track leadtimes and status of processes and team members to easily find targeted areas for improvement
Features
Out of the box dashboards help you accurately forecast
Rapidly deploy predefined dashboards that’ll help you with not only the bigger picture but will also help you drill down to transaction-level specifics in your AP function. Use filters such as group by function or company codes and entities to focus on the detail you need.
Monitor vendor performance then pay them intelligently
Closely monitor how your suppliers perform with a blend of operational and strategic level reporting. Once analyzed, make a judgment call whether to pay them immediately and take advantage of early payment discounts. Otherwise, extend payment terms to balance cashflow – the choice is yours.
Track ‘first time right’ performance
Have an easy way to track where your automation is working and where you need to do more. Hone in on what’s causing delays, be it specific fields that are always causing problems or suppliers that never seem to get it right. When you know where to focus you know how to act to increase your automation and overall efficiencies.
Ask Medius for some advice (No, really!)
Sometimes it’s easier to just ask a question and get an answer then try to code a report. Use our interactive Q&A to quiz your data and see the end results immediately. We’ll put the information in a standard report or even make it graphical depending on what you need.
Don't take our word for it. Hear from one of our clients.
Medius AP Automation enabled us to reach high automation rates right from the start. And we proactively work on continuous improvements. We now have better visibility into the process to understand where things go wrong and where we need to improve.
Pim Beijen
Group NWC Manager SoftwareONE
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