JACKSONVILLE, Fla., June 27, 2024 /PRNewswire/ — Medius, a leading provider of AI-driven solutions for Accounts Payable (AP) automation, today announces the launch of two innovative products: Medius Copilot for Accounts Payable Automation (APA) and Medius Supplier Conversations. These cutting-edge tools are designed to streamline and enhance the efficiency of AP processes, marking a significant milestone in the realization of the Medius Agent project.

The introduction of Medius Copilot and Supplier Conversations solidifies Medius’s position as the industry leader in applying artificial intelligence to AP operations, delivering practical and transformative solutions for everyday business challenges.
Medius Copilot
Medius Copilot is an intelligent assistant embedded within the AP automation application, specifically designed to assist invoice approvers, particularly those who are not AP experts. Medius Copilot enables users to ask questions about invoices, facilitating quick, efficient, and anomaly-free approvals. This innovative tool reduces the time spent on chasing queries and minimizes the risk of delayed approvals, ensuring smoother and faster processing of invoices.
According to data from the Medius Financial Professional Census, finance professionals are a particular flight risk, with 58% of finance professionals in the US and 71% of finance professionals in the UK looking for a new job. Fortunately, 94% of respondents expressed satisfaction with the adoption of AI, which can alleviate these strains. By integrating Medius Copilot, organizations not only enhance their invoice approval process but also contribute to employee satisfaction and retention, addressing the high turnover rates in the finance sector.
Dan Ball, Chief Product Officer at Medius, commented: “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.”
Medius Supplier Conversations
Medius Supplier Conversations addresses the time-consuming task of responding to supplier inquiries. As many as 87% of finance professionals are responsible for replying to vendor emails, answering an average of 28 such emails each day. This translates to an average of six hours a week replying to supplier inquiries about invoices.
While these inquiries are general emails from suppliers looking to be paid, this randomized deluge of communications is a burden on finance teams that should be focused on making accurate payments and closing out the month. These teams are forced to choose between risking supplier satisfaction and making on-time payments, and they have an overwhelming load of tasks to keep businesses on track.
In addition to supplier inquiries, the finance team frequently steps in to review invoices. On average, 30% of invoices require manual intervention from the finance team.
This AI-powered solution automatically handles supplier questions, providing immediate and accurate responses via email based on supplier history, payment terms, and trading information. By significantly reducing the volume of queries reaching the AP team, it enhances the supplier experience and ensures timely resolution of concerns.
Dan Ball added: “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.”
Both products leverage Medius’s proprietary artificial intelligence, trained on $200 billion of annual transactions, to offer unmatched accuracy, transparency, and efficiency. These solutions embody Medius’s commitment to transforming AP processes and delivering measurable outcomes that address the real-world needs of businesses. These innovations aim to make invoice processing as efficient and touchless as possible, freeing up valuable time and resources for more strategic tasks within finance departments.
For more information, please contact: Dan Bird, Fight or Flight for [email protected] +44 7885 670798 / [email protected] +44 330 133 0985
This information was brought to you by Cision http://news.cision.com.
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TIANJIN, China, June 27, 2024 /PRNewswire/ — On June 20th, AIMA made a notable presence at the 2024 World Intelligent Industry Expo with the launch of the AIMA Q7 official product under the theme “Intelligent Flagship, Born for Family”. The 2024 World Intelligent Industry Expo showcases the latest artificial intelligence technology and industrial advancements globally. This is the second consecutive year that AIMA has been invited to participate in the expo. This event held great significance within the global intelligent industry landscape, as AIMA showcased its pioneering single electric vehicle product, asserting its leadership in the industry. Additionally, the expo served as a platform for AIMA to communicate its visionary approach to intelligent transportation, presenting its significant achievements and outlining plans for an intelligent future, garnering attention on a global scale.

Chic Technology Pioneers the Industry
AIMA Redefines Intelligent Mobility with Advanced Products
During the AIMA Q7 product launch, Mo Xuan, Chief Brand Officer of AIMA Technology Group Co., Ltd, underscored AIMA’s commitment to crafting exceptional vehicles for every family travel. With its sleek design, Pantone color, comfortable ride, TCS safety tech, and intelligent features, AIMA Q7 embodies the essence of home and travel, epitomizing AIMA’s brand ethos while showcasing the brand’s profound exploration and  fusion of beauty, fashion, and technology.
“Transforming Intelligent Two-Wheeled Electric Vehicles,” as described by Xiao Bing, Chief of Research and Development at AIMA Technology Group Co. Ltd, showcases how AIMA’s flagship intelligent vehicle, AIMA Q7, embodies a true evolution in intelligence. Through the seamless integration of intelligent interaction terminals, intelligent riding terminals, and intelligent ecological interconnection, AIMA Q7 establishes a perfect closed loop of innovative experiences. By leveraging advanced technologies such as lead-acid BMS, self-developed full-stack controllers, 4G&BeiDou applications, and multiple intelligent driving modes, AIMA continues to set the standard in the industry for advanced products.
Embedded within AIMA’s vision and strategic plans is an unwavering dedication to user-centric principles, a commitment to scientific and technological innovation, and a resolute action to dispel doubt. Within these pursuits, we witness the commitment and responsibility of an industry leader, as well as a warm and compassionate approach that is both forward-thinking and technologically advanced. AIMA’s endeavors bring joy and love to users across the globe.
 
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Spatial analytics and data enrichment services reveal new context and insights, while new API enables mainframe replication in private environments
BURLINGTON, Mass., June 27, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced availability of the Spatial Analytics and Data Enrichment services for its leading Precisely Data Integrity Suite, as well as the release of a new private API for mainframe replication. The new offerings allow customers to use cloud-native spatial APIs to produce more scalable and performant spatial apps, enrich data with critical third-party datasets that add context and reveal new insights for location data, and access more flexible deployment options for mainframe replication.

With these additions, the Data Integrity Suite now delivers a complete set of capabilities that seamlessly connect through its Data Integrity Foundation. Featuring a shared data catalog, machine-learning-powered intelligence and hybrid execution agents to run workloads in any data environment, the Data Integrity Foundation is key to accessing the most critical capabilities needed for trusted, AI-ready data. This includes Data Integration, Data Observability, Data Governance, Data Quality, Geo Addressing, Spatial Analytics, and Data Enrichment.
Discover the power of business-centric spatial analytics
Every organization’s data has a location element that can be leveraged for deeper insights, but first, the right tools are required to uncover its value. With the Data Integrity Suite Spatial Analytics service, customers can discover patterns, trends, and relationships between location-based datasets and easily share valuable findings through enriched business processes, maps, and out-of-the-box reports to accelerate revenue growth.
With these new capabilities, organizations across industries are empowered to:
Leverage enhanced location-based context for more accurate risk assessment, optimized resource allocation, and improved property-related performance evaluationFind the right audience for new services and produce more accurate, targeted, and timely customer offers with advanced location analyticsDesign custom applications via access to a diverse set of APIsMaximize data potential with easy enrichment
By appending trusted and relevant third-party datasets, companies can transform their self-generated data into complete, consistent, and reliable business assets that lead to more accurate predictions, fuel trustworthy models, and empower innovation. However, combining first-party data from internal sources with third-party data is typically a complex and time-consuming process.
With the Precisely Data Integrity Suite Data Enrichment service, customers can:
Save time and resources by quickly enriching data with reliable datasets that are easy to use and require little to no preparationEnhance the value, accuracy, and completeness of business data by appending relevant context from curated datasetsIdentify trends, patterns, and anomalies that might not be apparent with first-party data aloneUnlock the value of mainframe data in private environments
A new Private Mainframe Replication API, part of the Data Integrity Suite Data Integration service, provides a container-based solution for mainframe replication. It gives users the freedom to move data according to their needs, whether the target environment is a private data center, an on-premises system, or a hybrid environment.
This is particularly significant for businesses in highly regulated industries, such as financial services, banking, and insurance, which can face stringent deployment requirements. The new offering allows users to meet internal and external deployment needs while accessing valuable mainframe data for advanced analytics, AI, and other critical business initiatives.
“Customers can now access a complete range of data integrity capabilities in the way that works best for their business, allowing them to quickly and easily fuel their organization with highly trusted data,” said Chris Hall, Chief Product Officer at Precisely. “We are proud to lead the way in delivering a converged data integrity solution that uniquely combines everything from data integration to spatial analytics and data enrichment – critical elements for ensuring reliable AI and advanced analytics outcomes.”
Reserve a spot at one of several upcoming Trust ’24 events to learn more about new and exciting Precisely Data Integrity Suite updates.
About Precisely
Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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