Medius launched two innovative products: Medius Copilot for Accounts Payable Automation (APA) and Medius Supplier Conversations, both designed to streamline and enhance the efficiency of AP processes.
“Medius Copilot is a transformative technology for approvers, helping them deal with exceptions quickly and efficiently. By providing immediate and relevant information, it empowers users to make informed decisions whilst reducing the burden on the AP team," says Dan Ball, chief product officer at Medius.
Key takeaways:
- Both products leverage Medius's proprietary artificial intelligence (AI), trained on $200 billion of annual transactions, to offer unmatched accuracy, transparency, and efficiency. These solutions embody Medius' commitment to transforming AP processes and delivering measurable outcomes that address the real-world needs of businesses.
- Medius Copilot is an intelligent assistant embedded within the AP automation application, specifically designed to assist invoice approvers. Medius Copilot enables users to ask questions about invoices, facilitating quick, efficient, and anomaly-free approvals. Integrating Medius Copilot helps organizations enhance their invoice approval process and contribute to employee satisfaction and retention.
- Medius Supplier Conversations addresses the task of responding to supplier inquiries. Teams are forced to choose between risking supplier satisfaction and making on-time payments. This AI-powered solution automatically handles supplier questions, providing immediate and accurate responses via email based on supplier history, payment terms, and trading information.
"Medius Supplier Conversations meets suppliers where they work, in their email inboxes, and delivers intelligent responses based on comprehensive, contextual data. This not only improves supplier satisfaction but also frees up AP teams to focus on more critical tasks," Ball adds.
