Medius
Bolstering Spend Management with Intelligent Automation

There are several items on a business’ everyday to-do list, and finance management is of the most important chores to tick off. A business may be performing well, generating impressive revenues. Their work ethic may be impeccable—including the presence of a dedicated team of professionals that effectively caters to the needs of its clients. And with all that said and done, any mishap with this company’s invoicing processes could spell the early demise of an otherwise successful business. It simply goes to illustrate the significance of proper invoicing. The process involves a strict sense of data accuracy and timeliness. After all, time waits for no one; and time is money. The number of enterprise-wide operations that could topple over, with a lack of proper funding, can cause a series of critical problems to flair up. Consequently, this negatively impacts their entire ecosystem, clients and partners included, and their stakeholders. Thus, in order to help companies stay out of such undesirable situations, many invoicing and spend management solution providers have emerged with some incredibly sophisticated innovations that promise financial security. And one name that stands out among this list of budding organisations in the European marketplace is Medius: a leading provider of cloud-based spend management solutions.

Founded in 2001, Medius is a part of the Marlin Equity Partners family, a group of global investment firms.

And after many years of consistent growth and technological advancement, Medius acquired a disruptive eProcurement solutions provider called Wax Digital to quickly become a “power-house” in the spend management arena. The group currently maintains a workforce of over 400 highly skilled professionals and offices located in Sweden—its headquarters—the U.S., the U.K., Australia, Norway, the Netherlands, Denmark, and Poland.

Medius focuses all its efforts towards helping companies of all sizes in strategically enhancing an organisation’s core revenue generation and management competencies. It offers best-in-class process efficiency, significant cost-saving opportunities, and immaculate financial control. Medius’ modular spend management suite consists of comprehensive, sure-fire solutions for strategic sourcing, accounts payable automation, procurement, payments contract management, and supplier management. The company empowers its clients with data insight tools that bring a different meaning to control, where all complex operations pertaining to compliance and cost savings are handled.

The company follows a cloud-first approach which makes its deployment much quicker and simpler. Its solution’s highly intuitive user interface (UI) and interactive dashboards allow clients to experience tangible cost savings almost immediately after implementation. Medius provides businesses with the opportunity to with long-term and successful returns on investment. The company is now in collaboration with over 4000 customers and a gross estimate of 500,000 users from across the globe.

Medius can drastically enhance an organisation’s invoice lead time with its extremely intelligent smart accounts payable (AP) automation capabilities. The solution significantly accelerates invoice processing operations and saves a considerable amount of time. This second feature is one of the most sophisticated uses of AI technology for AP-related tasks: Medius’ AI-driven capture and coding. Via its predictive AI, the company’s staff is able to recognise patterns in various coding as well. The solution empowers a client’s finance teams with the most cutting-edge technology to carry out complex payment tasks with a simple click of a button.

With such strong capabilities, Medius is determined to reach out to many more geographies and deliver the best invoice management solutions in the current marketplace. Moving forward, the company will continue its innovation into spend management and help clients achieve their organisational goals effortlessly and cost-effectively.