Medius Payments
Automate and optimize supplier payments for efficiency, cost savings, and enhanced security.
Executive Summary
Medius Payments is a fully managed service designed to automate and optimize the entire supplier payment process. It aims to reduce payment processing costs by eliminating manual intervention, minimizing errors, and streamlining operations from invoice receipt to payment execution. This solution replaces traditional, high-risk payment methods with intelligence-led automation, providing comprehensive supplier payment management. It enhances financial visibility, establishes clear audit trails, and significantly reduces the risk of fraud, supporting secure and compliant business-to-business transactions. Medius Payments seamlessly integrates with existing ERP and back-office systems, utilizing a robust REST API for flexible and customized connections. It is specifically tailored to help mid-sized businesses gain greater control over their spend, improve operational efficiency, and strengthen overall compliance.
Use Cases
- Automating the entire supplier payment process from invoice receipt to payment execution.
- Reducing payment processing costs by eliminating manual tasks and errors.
- Enhancing security and reducing fraud risk in business-to-business payments.
- Streamlining payment workflows and ensuring clear audit trails for compliance.
- Integrating with existing ERP systems for seamless data flow and improved financial visibility.
Features
Visibility
- Payment Visibility: Gain comprehensive visibility into all supplier payment statuses and activities.
Intelligence
- Intelligence-led Automation: Automate and optimize payment processes using intelligent capabilities to reduce manual effort and errors.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Integrations
- ERP systems
Security & Compliance
Certifications: SOC 2, GDPR
Encryption: Data is stored and transmitted securely, adhering to industry standards for encryption.
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- Mid-Market
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.
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