Medius awarded “Best Procure-to-Pay Software” 2022 By FinTech Breakthrough
The independent market intelligence organization that recognizes top achievements within the global FinTech market, has named Medius the “Best Procure-to-Pay Software," making this the second consecutive year the business has claimed the title.
Awarded for its cloud-based and easy-to-use solution to control spend, Medius’s technology enables businesses to better manage areas such as supplier management, sourcing, contract management, procurement, AP automation, and payment automation – all of which can be seamlessly integrated into their systems.
For instance, Medius has helped customers better manage their response by providing simple tools to help with cash forecasting, networking capital, and to offer protection against fraud. It also enables greater control for customers in their spend management while avoiding high invoice processing costs and late payments.
Medius’ unified supply management system helps companies accelerate onboarding, minimize data entry, and streamline supplier communications, and was a major driving force for this award. Workflows and permissions can be set up to ensure the right people approve requisitions and purchases. Meanwhile, the digital procurement platform raises purchase orders, receipt of goods, processes invoices, and pays suppliers. Automated coding is also powered by AI and Machine Learning, with invoice data automatically matched against purchase orders, goods receipts, or contacts. Additionally, state-of-the-art data capture powered by native “touchless capture” technology is built into the module, saving hours of productivity every week.
The 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe. It recognizes FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.