Medius
Beyond automation. Beyond expectations. Spend is simply managed.
Executive Summary
Medius is a cloud-based spend management platform that leverages AI and machine learning to automate and optimize the entire procure-to-pay process. It offers solutions for accounts payable automation, procurement, and expense management, aiming to enhance efficiency, reduce costs, improve cash flow visibility, and mitigate fraud risks for mid-sized to large enterprises. With over 4,000 customers and 500,000 unique users worldwide, Medius helps organizations achieve best-in-class process efficiencies and improved financial control.
Use Cases
- Automating end-to-end Accounts Payable processes for efficiency and cost reduction.
- Streamlining procurement and sourcing to ensure compliance and control indirect spend.
- Managing and automating employee expense reports without complexity.
- Detecting and mitigating fraud and financial risks across the spend lifecycle.
- Improving cash flow visibility and optimizing working capital.
- Ensuring timely and accurate global supplier payments.
Features
Visibility
- Working Capital Dashboards: Provides actionable insights for finance leaders, including cash flow forecasts and captured/missed discounts.
- Real-time Spend Overview: Offers complete visibility and control over all supplier invoices and credit notes in an intuitive, role-based dashboard.
- KPIs and Benchmarking: Helps track, measure, and compare process performance and automation levels against industry standards and peers.
Intelligence
- Automated Invoice Processing: Transforms manual paper and PDF invoices into a simple, automated process using AI for coding, approval, and payment.
- Fraud & Risk Detection: Leverages machine learning and AI to enforce policies and gain visibility into fraud and risk exposure across the invoice-to-pay lifecycle.
- Intelligent Coding Suggestions: Automatically suggests invoice coding based on historical data and machine learning technology, even for non-PO invoices.
- Touchless Invoice Matching: Automates matching of invoice data against purchase orders, goods receipts, or contracts, including line-item detail.
Support
- Medius Support Portal: Primary tool for technical support, allowing designated users to log tickets and connect with product experts.
- Customer Success Team: Provides best practices, guidance, tools, and KPI benchmarks to help customers maximize value from Medius products.
- Medius Elevate Advisory Services: Subscription service offering global expertise and subject matter experts as an extension of the customer's team for increased adoption and compliance.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0, MFA
- API Available
- Yes
- MCP Server
- No
Infrastructure
- Azure
AI/ML Stack
- Machine Learning
- Artificial Intelligence
- NLP
- Computer Vision
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- NetSuite
- Workday
Security & Compliance
Certifications: ISO 27001:2022, ISO 9001, SOC 2 Type II, GDPR
Encryption: AES-256 at rest, TLS 1.3 in transit
Data Residency: Microsoft Azure
Pricing
- Model
- Tiered subscription
- Starting Price
- Starting from $2499/month (Professional package), Custom quotes available
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual
- Free Trial
- No (credit card required)
About Medius
Medius is a global provider of cloud-based spend management solutions, specializing in accounts payable automation, procurement, and supplier management. Their platform leverages artificial intelligence to streamline financial processes, offering enhanced control and compliance across the source-to-pay cycle.