Medius AB Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Medius AB Strengths, Domain Expertise, and Key Differentiators

Medius is a leading global provider of cloud-based spend management solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control.

The spend management suite includes market leading solutions for strategic sourcing, contract management, procurement, accounts payable automation and supplier management as well as data insights tools bringing control, compliance and cost savings throughout the entire source-to-pay process.

In January 2024, Launchpad Technologies, through their cloud-hosted iPaaS platform, PassportTM, streamlines software integration and workflow automation for companies in financial, technology, and manufacturing industries. The platform facilitates faster and more efficient integrations, providing 24/7 management and support to enable businesses to operate with agility. For Medius customers, this translates to a seamless integration process across their complete suite of procure-to-pay solutions with any system.

In October 2023, Medius introduces AP Audit Cash Recovery through a partnership with Caatalyst. The prevailing increase in business insolvency rates, leading to low margins and profitability, prompted this collaboration. Caatalyst and Medius address this acute issue through a combined cash recovery audit, purchase-to-payment AP automation, and fraud detection services.

Caatalyst's profit recovery audit contributes significantly to clients' bottom lines by identifying historic supplier and tax overpayments. The audit findings assist business leaders in pinpointing vulnerabilities within their payment systems to reduce future profit leakage. To date, Caatalyst has audited over £300 billion of AP spend, collaborating with more than 70 clients globally.

Medius AB Recent Developments

In October 2023, Medius launches its Fraud & Risk Detection product, designed to proactively identify and prevent fraud. The introduction of this new offering comes in response to a documented increase in fraud risk, as indicated by research from Cybersecurity Research, revealing that more than half of organizations have witnessed a surge in fraud attempts over the past 12 months. The study also highlights that finance teams are particularly susceptible, with nearly 60% of respondents reporting them as the most frequent targets of fraud and phishing attempts.

In November 2023, Medius unveil its first AI workmate for the Accounts Payable Industry, codenamed "Medius Agent." This tool assist individuals responsible for approving invoices by furnishing valuable information regarding each invoice. This includes details about the approval path, potential discounting opportunities, and links to the last five invoices from the vendor.

Beyond aiding invoice approvers, Agent extends proactive recommendations to administrators of the Medius system. These recommendations focus on optimizing settings to enhance performance, increase automation rates, and achieve continuous improvement in key system metrics. The conversational interface eliminates the need for users to interpret advice and manually adjust settings in a configuration screen; instead, they can simply instruct Agent to implement or apply the suggested settings.

In June 2020, Medius launched MediusGo to the United States market. MediusGo is the entry version of Medius’ AP invoice automation offering, designed to support SME businesses by enabling efficiency and control throughout the entire accounts payable process.

Medius AB Mergers and Acquisitions (M&A) Activities

In July 2023, Medius announced the successful completion of the acquisition of Expensya, an expense management software company. With the integration of Expensya, Medius can leverage the Tunisian startup's robust AI-enabled, mobile-first capabilities for employee spend management, complementing Medius's strengths in areas such as autonomous AP, payments, procurement, sourcing, contracts, and supplier onboarding.

Beyond enhancing its service offerings, the acquisition also marks a significant geographical expansion for Medius. The addition of Expensya's product strengths enables Medius to accelerate growth and cross-selling opportunities in competitive business application markets, notably in France, where Expensya has established a leading employee spend management solution. Furthermore, Medius is poised to capitalize on the upcoming French e-invoicing mandate, scheduled to take effect on July 1st, 2024.

In September 2017, Marlin Equity Partners, a global investment firm completed the acquisition of Medius. The acquisition will enable Medius to further accelerate its ongoing global expansion and continue investing in its cloud-based solutions for accounts payable automation.

Medius AB Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Medius AB applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Medius AB and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MediusFlow AP customers.

Medius AB Key Enterprise and Cloud Applications

MediusFlow AP

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Medius AB Direct vs Indirect sales

Medius AB Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Medius AB Customers

No. of Medius AB Customers: 4000

No. of Medius AB Enterprise Applications Customers: 4000

No. of Medius AB Cloud Customers: x

No. of Medius AB Cloud Subscribers: 500000

Nearly 4,000 customers and 500,000 unique users worldwide use Medius spend management solutions, managing transactions worth more than $160 billion annually.

During 2023, Medius secured notable customer wins with White Stuff and Penta Building Group. White Stuff, seeking to enhance efficiency and transparency within its finance department, opted for Medius's AP Automation solution. Recognizing the seamless integration capabilities of Medius's "plug-and-play" solution with White Stuff's ERP system, the company chose to replace manual processes with this advanced automation solution.

Similarly, the PENTA Building Group made the decision to implement Medius Pay to automate its existing manual payment system. This strategic move was driven by PENTA's goal to establish a streamlined, end-to-end process for its 500-plus vendors. The choice to adopt Medius Pay stemmed from PENTA's need to address inefficiencies in its previous system, characterized by a lack of transparency and frequent occurrences of lost and delayed payments.

Some of Medius's customer wins are Ahlsell, Fritz Hansen,and Viking Line. Some other customers include Tikkurila, Marc Jacobs, LUSH, SoftwareONE, Victaulic, Reily Foods, Duni, Briggs, Mowi, Dynapac, Rejmes, Fluiconnecto, and many more.

Medius AB Market Opportunities, M&A and Geo Expansions

In January 2024, Medius establishes a partnership with Antaras, introducing a new integration for InforLN Cloudsuite.

In December 2023, Medius finalizes agreements with UK channel partners to expand ERP integrations. Under the terms of the agreement, these expert partners in ERP software, consultancy, and managed services for Sage, IFS, Infor, OpenAccounts, and eBIS ERP applications—namely, The Access Group, Acuity Solutions, Anthesis, Escone Solutions, and Kamarin Computers (a part of The HBP Group)—collaborate to develop pre-packaged connectors between Medius AP Automation and the ERP solutions they represent. Medius takes charge of selling, implementing, and supporting the Medius solution, while the UK-based partners handle sales, implementation, and support for the connector relevant to the ERP solution(s) they represent.

In June 2023, Createch forms a partnership with Medius to offer AP automation to Microsoft Dynamics users. This strategic move follows a series of successful referrals and represents Createch's initial foray into the Eastern Canadian Market. In their joint effort to expand, Medius and Createch aim to deliver top-notch AP automation solutions to Createch's Microsoft Dynamics ERP customers, facilitating the transformation of their financial operations.

In August 2021, Medius announced that its integration software for its AP Automation solution has achieved SAP certification as integrated with SAP S/4HANA and SAP S/4HANA Cloud. The spend management provider has proven its software can integrate with SAP solutions to offer customers a rapid implementation enabling a fast return on investments.

In November 2019, Medius acquired Wax Digital, a procurement solutions provider headquartered in the U.K. The acquisition of Wax transforms Medius from an accounts payable focused solution into a product suite with full source-to-pay (S2P) capabilities. The combined company will allow current and future customers to generate increased automation, visibility and control across the entire purchasing process.

Medius AB Risks and Challenges

Significant risk for AP automation companies is the challenge of achieving seamless integration with diverse enterprise systems. Many businesses operate on a variety of Enterprise Resource Planning (ERP) platforms, and ensuring smooth integration between AP automation software and these systems can be complex. Incompatibility issues, differing data structures, or evolving software versions may lead to integration challenges, resulting in operational disruptions, delayed implementations, and increased costs.

This risk can impact the overall efficiency and effectiveness of the AP automation solution, potentially causing dissatisfaction among clients and hindering the company's ability to deliver on promised benefits. AP automation companies need to invest in robust integration capabilities, provide adequate support for different ERP systems, and stay abreast of evolving technologies to mitigate this integration-related risk successfully.

Medius AB Ecosystem, Partners, Resellers and SI

In August 2023, Medius inaugurates its new headquarters in Jacksonville, Florida, concurrently announcing the creation of 15 new positions in operations and sales. This additional office space will function as the primary hub for over 100 employees, contributing to the expansion of the finance and sales teams. The decision to establish this new location and invest in local employment follows Medius's 2022 acquisition of OnPay Solutions, a Jacksonville-based invoice payments provider.

Jacksonville, recognized as a "fintech city to watch closely" by Crowdfund Insider in 2021, has sustained its growth. According to the JAX Chamber, the city presently accommodates nearly 65,000 financial service employees, with this figure continually on the rise.

In February 2021, Medius signed a partnership with consulting and digital services specialists INTM Group. The agreement allows INTM Group to sell, distribute and implement Medius’ simple-to-use, cloud-based and cost-effective spend management solutions to its portfolio of customers in France and Belgium. The deal also allows Medius to hire INTM Group as a subcontractor for organizations with a global presence, that require subsidiaries to be trained in French.

In January 2021, Medius entered into a partnership with Pagero. This newly formed alliance enables the joint customer base of Medius and Pagero to seamlessly receive and process e-invoices in various formats globally. The collaboration is designed to support local regulatory compliance and enhance overall efficiency in financial operations.

In 2019, Medius inked global partner agreements with major players in the Microsoft Dynamics segment, including Columbus, To-Increase, and HSO. These partnerships serve as a testament to Medius' capabilities for companies utilizing Microsoft Dynamics ERPs. Medius maintains a longstanding partnership with Iptor, providing its AP Automation tool to Iptor's customers in North America.

Medius AB Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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