Today’s CEOs and CFOs have large digital footprints. They have speeches, interviews and videos plastered across YouTube, LinkedIn and corporate websites. Artificial Intelligence (AI) can now use existing online audio content to create fake audio that sounds just like business leaders. Scammers are creating fake audio clips of CEOs and CFOs and calling the finance team asking them to pay bogus suppliers.

The partnership with Open ECX fills a void in our product offering with a statement matching and reconciliation solution that integrates with Medius’s AP automation platform. The expertise that the Open ECX team has in industries like construction means that customers get even more operational efficiencies in their financial operations.

At a time when businesses are demanding much more from their finance automation solutions, we’re delighted to be partnering with Medius. Our evolving suite of products have been designed to help finance leaders automate all transactions, while integrating seamlessly into their existing systems and processes. When combined with the power of Medius’ solutions, the partnership will add huge value to customers who are looking to take advantage of holistic, automated AP systems.

This strategic partnership is poised to enhance accuracy and speed in managing the purchase order lifecycle, ensuring accurate, up-to-date ERP data, better on-time delivery, and more precise invoicing and alignment with final purchase orders for fully autonomous invoice processing. Especially advantageous for organizations in industries dealing with direct material, this collaboration amplifies operational efficiency and accuracy

One of the goals of any finance organization is having better supplier relationships that allow the business to get materials on time and then pay for them with minimal impact on the business. That’s what this partnership is all about.

Our partnership with Medius represents an unprecedented step forward in improved efficiency throughout the PO lifecycle to payment, helping customers achieve a higher level of operational and financial performance. The SourceDay and Medius collaboration not only optimizes procurement and payment processes, but significantly strengthens both supplier performance and reliability and reduces risk, setting the new standard for supply chain excellence and financial transparency in the industry.

Medius is committed to providing customers with the right solutions in spend management and AP offerings across a wide range of industries. As the Chief Services Officer, I’m thrilled to incorporate an AI-driven approach to customer success, utilizing the latest technologies to optimize and streamline the delivery process.

During a momentous time for growth at Medius, we are proud to announce Dan’s new role as Chief Services Officer. His continued dedication and leadership across the professional services and customer support teams has been instrumental in fostering strong client relationships

Our Partners of the Year have achieved standout success by helping customers get better financial results – an imperative in a tough economic environment and a competitive differentiator for these organizations. One common attribute among all winners is resilience, helping them drive growth and transformation.

We are delighted to partner with Medius to make integration easier and more rewarding for Medius customers around the world,” said Launchpad Head of Global Operations, Gord Boisvert, “Increasing Accounts Payable efficiency and productivity, while also taking care of workflow automation, gives Medius’s ecosystem a significant competitive advantage, especially with the PaasportTM iPaaS platform being truly scalable and managed 24/7.

Enterprise integration has been a challenge for IT departments and it is one of the top business needs of our customers. This partnership with Launchpad Technologies creates an opportunity to transform the accounts payable process because customers can easily connect and manage data in disparate systems giving them real-time data exchange. Launchpad’s iPaaS platform will help our customers to enhance collaboration while monitoring and supporting applications consistently. We are thrilled to partner with Launchpad to provide Medius customers with a simplified and smooth integration process.

Many manufacturers seem to be struggling, despite reports that we (the UK) are 8th in the world and the jobs market is back on track. We have taken on four new employees in the last two months alone and so are expanding, growing and winning awards, all down to our lean approach and innovation. All our machines are designed, built (with British steel and components which we bought in bulk at a fixed price and our precision components arm makes the parts) and tested at our UK site and installed by our own engineers. This approach is passed on to our customers, who seek to implement programmed automation systems to streamline, speed up and optimise production, whilst ensuring better accuracy, safety, productivity and efficiency. It’s a sensible investment in the long run and we even secured funding to prepare the shipment of our machines with the internal construction of pallets and crates, rather than incurring costs and delays through suppliers.

In the face of a tough business landscape, UK manufacturers are navigating a maze of challenges, from interest rate hikes to supply chain complexities and consumer demand shifts. Despite these challenges, a remarkable 58% of manufacturers are reshoring their operations, spurred on by tech advancements and the opportunity of having greater security within their supply chains, without the hefty price tag which used to be associated with onshore production. And it's just the beginning, as manufacturers embrace AI and automation, with the promise of not just surviving but thriving in the shifting economic tides.

In the face of a tougher business landscape, US manufacturers are navigating a maze of challenges, from interest rate hikes to supply chain complexities and consumer demand shifts. Despite these challenges, a remarkable 69% of manufacturers are reshoring their operations, spurred on by tech advancements and the opportunity of having greater security within their supply chains, without the hefty price tag which used to be associated with onshore production. And it's just the beginning, as manufacturers embrace AI and automation, with the promise of not just surviving but thriving in the shifting economic tides.

Cultivating these strategic partnerships marks an exciting milestone for Medius as we elevate the future of spend management. Our collaboration with leading solution providers like The Access Group, Anthesis, Escone Solutions, Kamarin Computers and Acuity Solutions underscores our commitment to driving innovation and efficiency in the industry. Together, we're unlocking new avenues to streamline processes, empower businesses, and further cement Medius's position as a trailblazer in leveraging automation and AI for unparalleled spend management solutions.

“Medius is a comprehensive program that allows my team to maximize their workflow production. It has given the team innovative tools to increase our awareness of clients’ requests at a click of a button. The automation system helps reduce a backlog of open items thus staying ahead and preparing for additional incoming invoices. It also allows AP clerks to see invoices with issues/errors that need to be addressed immediately. Audits are always challenging for organizations; however, this program allows AP to be better prepared. We can provide auditors with supporting documentation within an hour compared to days in the past. This program has proven to be a great tool and had a heavy contribution in SpartanNash winning this award.”

“One of Bilia's goals is to automate and digitize. We work with continuous improvement and lean in on our work tools, including Medius. I have 10 forward-looking and curious people in the accounts payable team who love innovation, which makes it easy for me to be a pilot in new exciting projects. We have achieved this feat as a team. Medius is a user-friendly, flexible system with a high level of knowledge from our partners at Medius.”

We extend our warmest congratulations to Bilia AB, Land O’Lakes, Inc. and SpartanNash for these remarkable achievements. Their dedication to excellence, innovation, and leadership in the accounts payable domain is truly commendable and inspiring. We look forward to continuing on this journey with them, and hope to take them from strength to strength with our AI and automation tools."

Should I approve this invoice? How can I change this configuration setting? What is this payment for? Approvers, administrators, and suppliers are sick of the time it takes to process invoices or to receive responses to simple queries. Using AI as the first responder, AP teams can instead focus on high value work and be brought in on the most challenging of requests, all while reducing the risk of fraud. For vendors, the technology means quick and accurate answers, and less time chasing emails or dealing with frustrating supplier portals. For our customers, the technology means time saved, and a highly secure AP process.

AI innovation runs through the heart of Medius so I’m proud to deliver another effective and easily implemented technology for ambitious customers, both existing and new. The team of technologists at Medius amaze me with their ingenuity and determination to deliver products that push boundaries.

Medius’ offerings provide a best-in-class solution that is easy to implement and drives immediate value. I’m thrilled to join the team and continue to improve upon the efficiency and effectiveness of Medius’ accounts payable offerings, working closely with customers and partners to innovate in line with their needs

The addition of Craig to our team will allow us to upscale our payments strategy, which is the core of our business. His appointment represents a continued investment in our team as we continue to scale and grow as a company. Craig’s deep knowledge of the payments space will enable Medius to continue enhancing our offerings and delivering maximum value to our customers.

CFOs today are facing a number of challenges, including attracting and retaining top talent, managing cashflow and risk in a volatile economy, and staying ahead of the curve on emerging technologies, including AI. I see first hand how Medius can solve these issues and my belief in the product is an important reason for joining the business. With the company’s history of sustainable growth, I’m eager to deliver on its exciting ambitions as a strategic and entrepreneurial CFO.

We’re proud to welcome Emma at a crucial juncture for the business. As we continue our efforts to double our revenue over the next two years, Emma’s expertise as a transformational financial leader will help make this a reality.

Medius is in an exciting position to continue to integrate artificial intelligence to help optimize processes for our customers. I am excited to be leading the product, design, and technology behind Medius solutions, while helping to grow talent across the business in my new role and managing the integration of the Expensya teams into Medius.

Maintaining a streamlined digital internal system and building value for our customers is integral to our ambitions as a business. Using data, artificial intelligence, and automation to build a strong, stable digital culture at Medius will help us enhance collaboration, improve our operational efficiencies, and optimize our processes. As Chief Transformation & Information Officer, I am eager to continue to provide value and trust for our customers by embracing technology.

The appointments of Karim and Ahmed into their respective leadership roles is integral to our growth and transformation goals here at Medius. Both hold invaluable experience and will bring a considered and ambitious approach to their new roles. As we continue to aim for new heights at Medius, Karim and Ahmed are central to our mission, and will provide us with the efforts and expertise needed to achieve our ongoing goal to provide businesses with a complete view of their financials, now including spend management.

Over-burdened finance leaders need visibility across the invoice to pay process, and to feel confident in their ability to find and mitigate fraud within their businesses. Medius Fraud & Risk Detection helps businesses proactively manage the risk so they can prevent issues. This is so important for business leaders who are operating in challenging economic conditions, and who simply can’t afford the added and preventable costs of fraud.

The real promise of AI and ML within autonomous finance is not just streamlining processes but eliminating them. Anomaly detection using AI and ML from solutions like Medius Fraud & Risk Detection helps to ensure policies are consistently and repeatedly being enforced giving CFOs new insights and data that they need in today’s volatile landscape.

Medius’ decision to move into Jacksonville’s Brooklyn neighborhood is indicative of the growing and flourishing fintech center in the area. We’re proud to work with organizations that enable Jacksonville’s growth and look forward to supporting the business’ presence in the city.

Once a company enters the Jacksonville market with a merger or acquisition, we’re always looking for opportunities to keep them here. This is another example of our emergence as a fintech center and we look forward to working with Medius as they grow in our region.

As a longtime customer of Medius, Safariland has been able to help level up its finance department with streamlined operations and automated processes. By producing greater efficiency, Medius has created value for Safariland and helped our company achieve many of its objectives. We’re excited that Medius selected Jacksonville as the site for its US headquarters and look forward to our continued partnership. The move is certain to play an important role in enhancing our city’s reputation as a hub for future business and tech.

Jacksonville is a burgeoning hub for fintech organizations driven by the local talent and proximity to public and private educational institutions like Jacksonville University and Florida State College at Jacksonville. We’re excited to call this city home and bring more skilled locals into the business over coming months. The need to increase headcount follows a year of excellent North American growth as more organizations turn to Medius to improve operations in the Office of the CFO using technological innovation, particularly in AI.

Createch’s deep expertise in enterprise ERP systems means it is uniquely positioned to understand and unlock the benefits of AP automation for finance, IT, and other business leaders. We welcome this partnership and look forward to bringing the extensive benefits of the Medius suite and ecosystem to Createch’s customers in Quebec (or Canada) and beyond.

Medius has been growing our presence rapidly in Quebec and has a strong customer base. Importantly, the Medius user interface can be both in French and English and the application supports all taxes across Canada

We are pleased to enter this new partnership with Medius to bring to the Canadian market a proven and efficient AP Automation solution that seamlessly integrates with our client’s Microsoft Dynamics systems. This is especially important in a context of labor scarcity where it is necessary for enterprises to move forward with their digital transformation to reduce repetitive manual tasks. In our opinion, the implementation of solutions such as AP Automation by Medius is another step in the right direction towards transforming business systems into a digital operating platform.

Expensya has developed a leading employee spend management solution in Europe, with innovative features and AI-powered innovation. Its founders, Karim and Jihed, and its leadership team share our ambition to transform the spend management category using the power of automation and AI. Together, we can offer CFOs solutions that can help them transform finance while empowering their teams. We are delighted to welcome the whole team to the Medius family.

Mid-size organizations and their CFOs are clearly looking for one common platform to efficiently manage all their spend. By combining our employee spend management solution and payment cards, with Medius’s AP automation platform, we now cover the whole indirect spend of companies and can apply the power of AI to help finance teams to optimize cost and processes across the board. We look forward to writing the next chapter of our story with Jim and the rest of the Medius team.

Medius’s planned acquisition of Expensya will help financial leaders get a holistic view of their organization’s travel performance and financial position by enabling data from travel and expense activities to flow between the relevant finance functions. Businesses looking to thrive in the post-pandemic period will need advanced software tools like these to cope with new aspects of business travel

There’s a lot of talk in the industry about AI, and autonomous and touchless processing of invoices - but the reality is that many businesses, regardless of size, location, or industry, still receive invoices out of the blue for any service or product that has been bought by anyone within a business. This process is still run largely offline, and when these invoices are received new suppliers have to be registered and onboarded - leaving little to no paper trail, and taking place in a manual and opaque manner, detached from other parts of the business. Ultimately, this process and lack of technological innovation in supplier onboarding leaves businesses open to fraud, and less able to control spend. This is why we’ve updated the supplier onboarding solution for Medius customers - increasing efficiency and reducing risk

Our procurement teams can be confident that all information provided by the supplier is captured correctly, quickly and efficiently, and approved via the appropriate channels.

With hundreds of invoices and in excess of 500 vendors, PENTA needed a reliable and feature-rich solution for processing payments. We conducted a search and compared Medius to at least three other providers. Other solutions made promises but only Medius could deliver what we needed.

We’re honored The PENTA Building Group selected Medius to digitally transform its manual payment process system. Through Medius Pay, we’ve seen a substantial reinvention and simplification of PENTA’s complex spend management process, where manual processing of hundreds of invoices for more than 500 vendors proved costly and time consuming. Medius also understands the importance of strong vendor relationships and worked to eliminate manual invoices, increasing the efficiency and visibility of supplier payments in real-time.

Sweden has a long history of innovation - home of household technology names like Spotify, Klarna, and Northvolt. Medius is now amongst those top technology actors, drawing on the winning-formula of exceptional talent in a relatively small and supporting technology ecosystem, and I’ve relished the opportunity to be a part of the Medius journey. In my new role as CTO, I’m excited to accelerate the innovation at Medius, investing in new technology areas which hold ample opportunity to ultimately bring more value to customers in this current economic climate

As we scale Medius into a billion-dollar growth company, Henrik will continue to play a key role in driving transformational change and spearheading technology leadership within the company - amplifying the importance of product and technology for Medius’s success.

Many businesses are seeking cost-effective and time-saving solutions, particularly at a time of rising inflation. Medius Procurement for NetSuite gives organizations greater visibility into their spending and helps find savings, eliminate fraud, and reduce risk. The combined capabilities of NetSuite and Medius help finance departments improve operational efficiencies with a full audit trail of all approvals, purchases, receipts, and invoices.

As the global economy is seeing multiple disruptions, companies are seeking to more closely manage their vendors so they can fulfill customer demand and manage spend within tighter budgets. This new SuiteApp extends our robust solution for procurement and helps NetSuite customers improve visibility and control of spending across their entire organization.

Since Medius’s acquisition of OnPay in March, we’ve gone from strength to strength in improving operational efficiency for customers. Looking ahead, we’re committed to building on our partnership, in furthering innovation within the AP process.

Jacksonville is a burgeoning tech hub bursting with tech talent, including the best and brightest tech graduates, and is following a similar trajectory to cities like Austin, Miami, and Nashville. Jacksonville is already home to several innovative fintech businesses, and we’re proud to be a part of that growth.

Business leaders across the globe face turbulent times ahead, and many are already struggling with cash management, inefficient processes, and the rise of fraud. In everything we do, we aim to make our customers' lives easier. The integration with OnPay Solutions is just one example of that.