Medius: Moving Beyond PDF Invoices Towards Autonomous AP with AI, ML, and OCR
Despite adopting PDFs and partial automation, 61% of companies with fully or partially automated AP do not see the expected return on investment, and organizations still cite invoice exceptions and limited visibility as persistent top challenges.
Kennards Storage reduced AP headcount despite a 50% increase in invoices, with the team able to take on additional tasks and the CFO describing it as a huge efficiency saving across the finance department and wider business.
PDF digitization and partial automation have not delivered the expected efficiency gains; the perception that reducing paper and using PDFs equates to efficient processes and better visibility is described as incorrect.
https://www.medius.com/solutions/for-your-role/finance-professionals/move-beyond-the-pdf-invoice