Hermes Vs. Medius: Which (AP) Accounts Payable Automation Software Suits You the Most?
Do you still think manually handling accounts payable (AP) costs less than going digital? Think again. If you take a closer look, you’ll realize how time-consuming it is to spend hours going over invoices. Moreover, this old-school processing method is prone to errors and delays. Consider switching to accounts payable automation services that include a modern invoice management software solution.
As you search for automated accounts payable solutions, you’ll find some familiar names topping the list, like Hermes and Medius. Both have unique features, but only one of them can address your exact requirements. Let’s look at each AP automation solution to compare them so you can decide which one to use.
About Medius
Medius is a supplier of eProcurement solutions for midsize and enterprise businesses. It offers a cloud-based accounts payable automation solution that is quick to implement and easy to use to increase control and visibility into an organization’s costs.
Medius offers a good range of features, such as approval process control, fraud detection, duplicate payment alert, cash and vendor management, multi-currency, invoice history, and general ledger entry. It also supports online payments and payment processing. Pricing information is unavailable, so you’ll have to contact them to find out more.
About Hermes
Hermes is the accounts payable automation software by Calpion. It can process vendor invoices round-the-clock using artificial intelligence. An AI-based OCR extracts data from your invoices, and RPA (robotic process automation) validates business-specific rules and automatically delivers the invoices to the financial system. Doing this saves your accounts payable department both money and time.
Using Hermes, your organization can minimize human error and costs, pay invoices faster, and become more productive. Its customizability makes it suitable for organizations of any size. It’s highly scalable and you can configure it to have custom approval mechanisms and bespoke filters to create audit logs and custom reports.
Which one is for you?
Hermes may be the best for you if you’re looking for a scalable, intelligent, and reliable accounts payable automation solution to process invoices with minimal human intervention. Consider arranging a demo to find out how it can work for your business. Medius also offers a demo you can consider booking to compare them more effectively.
About The Author:
This text has been written by Thomas John, who’s the President and CEO of Calpion Inc. Calpion Inc. gives simple AI-powered accounts payable automation & expense administration software program for busy accounting groups that improve productiveness. If in case you have questions on how hermes accounts payable automation can combine along with your ERP and different software program. Contact us anytime!