Medius offers AP automation software for midsized businesses, using AI to streamline invoice processing and reduce fraud risks.
HQ
Sweden
Founded
2001
Employees
784
Medius provides a comprehensive AP automation software suite designed to help midsized businesses gain control and reduce the risk of fraud by automating invoice and payment processing. The software suite leverages artificial intelligence to streamline and enhance various financial processes.
Medius AP Automation simplifies accounts payable by eliminating manual tasks such as keying, matching, and processing invoices. This automation boosts cash flow visibility and ensures timely book closings. The system is designed to provide full visibility into invoices, spend, and cash flow, making financial management more efficient and reliable.
Medius Payments is integrated into the AP workflows to create a simple, secure, and streamlined invoice-to-pay process. This feature simplifies supplier payments, reduces complexity, and minimizes fraud, ultimately saving time and money for businesses.
Medius uses machine learning and AI to enforce policies and provide visibility into fraud and risk exposure. This solution integrates seamlessly with the Medius suite, offering new insights and ensuring compliance with financial regulations.
Medius Copilot is a conversational AI designed for approvers. It answers questions automatically, enabling accurate invoice decisions and increasing on-time payments. This AI assistant is grounded in company data, providing reliable support for financial operations.
Supplier Conversations empowers suppliers with autonomous invoice and payment status updates. This feature responds to supplier inquiries around the clock, reducing the workload on AP teams and ensuring timely payments.
Medius Procurement helps businesses control spending by providing tools to understand suppliers, automate tasks, and set up approval chains. Expense Management solutions automate business expenses using AI and ML, providing visibility into spending without adding complexity for employees.
Medius is headquartered in Linköping, Sweden. The company was founded in 2001 and has grown to employ 784 people.
Medius specializes in providing intelligent technology solutions for managing the source-to-pay process. Their software suite is designed to transform spend management, making it more efficient and reliable for businesses.
The company focuses on using artificial intelligence to enhance financial processes. Medius solutions are designed to integrate seamlessly with existing workflows, ensuring compliance with financial regulations while improving overall efficiency.
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