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Supplier invoice

CORRECT ELECTRONIC INVOICE PROCESSING saves a lot of money. Traditional administration of supplier invoices often entails checking, account-coding and verification, and in some cases copying documentation and finally filing. Today the processing and distribution is usually manual and this is proven to be a significant and costly process for companies. Studies have shown that the cost of processing a supplier invoice can vary between 150 and 600 sek depending on the company’s work method and geographical location.

Cut costs by 50%

With Medius as a supplier you can considerably reduce your processing costs for supplier invoices. By installing MediusFlowTM you can process supplier invoices digitally and thereby make the administration of them much more efficient, with a cut in the cost of invoice administration by as much as 25-50 per cent.

Matching and line level

MediusFlowTM can match a supplier’s invoice with a purchase based order on several levels depending on the needs of the company. Matching can occur partly at header level in a company that wishes to match at an overall level and partly at line level for companies wishing to check invoices in more detail. The system processes all the available forms of supplier invoice such as EDI, scanned paper invoices and e-invoices. The application processes all invoices in the same way in a standard format.

Process different types of invoices

MediusFlowTM can process all types of invoices. Manual processing is thus much reduced, freeing time to be spent on more qualified work. When discrepancies between validation periods or monetary limits occur, the invoice is sent for checking in accordance with a circulation list connected to the agreement. If there is no circulation list, one is created manually. When there is no discrepancy the invoice is sent for payment directly. The advantage of electronic invoice processing is that the work load for the company decreases thereby radically reducing administration costs. Additionally, the company has better insight into all the flows in the organisation, making it easier to locate individual tasks. Digital supplier invoice processing will allow the company to save the time which today is being spent on less qualified invoicing work.