Hermes vs. MediusFlow Accounts Payable Automation

1. Hermes vs. MediusFlow Accounts Payable Automation If your business is still manually processing accounts payable (A/P), then you’re probably experiencing costly delays and accumulating backlog. Automating the process using accounts payable software can reduce human intervention, reduce your backlog, improve customer service, increase accuracy, and ensure faster payment processing. It will also offload your staff of time-consuming and repetitive tasks so they can focus on other critical activities such as review and analysis. Two big names in accounts payable softwarethese days are Hermes and MediusFlow. Which of them is right for you? Here’s a comparison. About Hermes Hermes was built by Calpion, a company that specializes in deep learning (DL) and robotic process automation (RPA) technologies. The AI-powered accounts payable software is designed specifically for busy accounting teams looking to boost the efficiency of their high-volume vendor invoice processing. About MediusFlow MediusFlow was developed by Medius, a specialist in cloud-based accounts payable invoice automation. It is an A/P automation tool that integrates with Microsoft Dynamics ERP. Like Hermes, it automates routine tasks so you can focus on other activities that matter. Which one is better? Both Hermes and MediusFlow stand out as good accounts payable software solutions because of their features. They both offer approval process control, fraud detection, duplicate payment alert, vendor management, and payment processing. They also come with payment processing, general ledger entry, and invoice history. Hermes and MediusFlow also support multi-currency and online payments. So, you may be asking: Between Hermes and MediusFlow, which is the better accounts payable software? The answer depends on your needs and how you want to resolve your current A/P processing issues. Hermes is SOC certified and has the best service, with 24/7 support, quickest invoice processing and, multi-language support in 15 different languages! Hermes is the better product if you are looking for a system where you and your team want to be hands-off and want to have automation take care of the tedious tasks. If you think your AP is unique then Hermes is the platform that you need, it has thousands of configurable customizations for different industries. The good news is that you can get a free demo from both. If you wish, you can try using them both to determine which software best suits your needs, including your budget and long-term requirements. That said, Hermes excels in accounts payable automation, because it is highly scalable to the needs of your organization. It can automate, accelerate, and simplify your A/P process more successfully. It is also proven to help reduce the A/P processing time by 10 days and boost employee productivity by 65 percent. Moreover, it can help you save 90 percent of costs by reducing the need for human intervention to 10 percent.