Medius Integrates Thomson Reuters Tax Data into AP Automation

Medius, a provider of accounts payable automation and spend management solutions, has integrated Thomson Reuters ONESOURCE indirect tax determination into its AP Automation platform. This integration allows businesses to verify U.S. sales and use tax on invoices within the approval workflow, prior to posting them to their Enterprise Resource Planning (ERP) systems.

The new functionality aims to enhance accuracy in tax calculation and compliance. By embedding tax verification directly into the accounts payable process, companies can reduce manual errors and ensure that the correct tax amounts are applied, which is crucial for financial accuracy and avoiding penalties.

This move integrates tax determination capabilities directly into the invoice approval process. Users can now access tax accuracy information as part of their daily workflow, streamlining operations for businesses that handle a significant volume of U.S. invoices.

The integration is expected to improve efficiency for companies operating in or dealing with the U.S. market by automating a complex part of the invoice processing cycle. Medius stated that this partnership provides access to enhanced tax accuracy offerings.