Medius spend management for finance teams
Medius spend management tools automate every spend-related activity from vendor master data management to invoice processing: save time and money, reduce risk, and boost internal compliance and accountability. Accounts Payable teams see the pressure lift; finance leaders get the time and the business intelligence they need to play a full strategic role in the organisation’s growth.
Rigorous processes and controls give you peace of mind and show stakeholders that finances are well managed.
Accurate data, full control
Easy access to accurate financial data plus a full audit trail puts you in control of your operations, cash flow and spend.
Modules connect directly with ERP and finance systems, standardising processes and closing the procurement/finance gap.
Lean working practices, happier teams
By eliminating unproductive manual tasks, our tools speed up workflows, cut costs, and reduce errors. Free from firefighting, paper-chasing, and battling with outdated, unconnected systems, you and your staff can deliver a streamlined service that smooths business operations. At the same time, people can take on new tasks that add value to the business and increase job satisfaction.
Make better decisions, faster
Every Medius product comes with real-time access to reliable data via easy-to-use dashboards plus drill-down analytics and reporting. Make operational decisions at pace, forecast future requirements based on accurate records of past spending, and contribute high value advice for top-level decision making. No more data input delays or spreadsheet stress. No more relying on the quality or accuracy of other people’s work.
Manage cashflow effectively - no more surprises
System controls in Medius Procurement ensure that POs are raised, approved and in the system for every purchase; AI-assisted invoice processing with Medius Accounts Payable Automation means invoices are matched swiftly and can be paid promptly. To consolidate financial data simply connect Medius to your existing systems and get instant access to critical working capital and cashflow figures. See what’s coming, plan accordingly.
An AP process that just works
With Medius, accounts payable runs smoothly from receipt of invoice through to payment. Our unique predictive capture and coding technology puts an end to manually keying in invoice information. Out-of-the box connectivity means details can flow back to your ERP automatically, in real time. And because data is accurate and up to date, you can close the books on time, every time.
Better buying, clearer accountability
Medius tools make it easy for procurement teams to adopt best practice in sourcing (and resist pressure to buy a specific product or service without due process), ensure supplier compliance, and develop beneficial long-term vendor relationships. It’s also simple to identify savings opportunities that will boost the bottom line. Centralised controls drive every order through the agreed supplier, and transparent processes deliver full accountability at every stage.
What makes Medius a sound investment?
Proven effectiveness, fast ROI
With over 3,500 customers, our systems are tried and tested. And with remote set up and quick-to- learn interfaces, you’ll see the benefits fast.
Best practices for every activity
From sourcing to payment, the Medius suite transforms processes and brings in best practice for every spend management task.
You set the pace. Choose modules one at a time and assess success; commit to further spending as you see returns.
See our products
Discover our full product range, with modules covering the full source to pay cycle.
Get the right suppliers for the right price
Find the right suppliers and run comprehensive sourcing events with maximum visibility into the entire identification and negotiation process with our simple-to-use software.
Visibility and control of all your supplier agreements
Rescue your procurement team from paper-based purgatory with Medius Contract Management. You’ll have complete control over all your supplier agreements in one simple to use system - ensuring you never miss a renewal.
Meaningful supplier relationships mean better buying outcomes
Medius Supplier Relationship Management (SRM) helps you prioritise important relationships, so you can drive better value from your supply chain.
Suppliers are a key stakeholder and must be treated as such
Make your suppliers work for you by using Medius Supplier Information Management. Get them to self-serve and maintain their own details, in your cloud-based repository, saving you precious time and cash.
Gain control of your entire organisation’s spend
Empower your procurement team with the tools they need to eliminate maverick spend. Give your buyers the means to intimately understand suppliers, automate tedious tasks, set up approval chains, and much more. Sounds too good to be true? It’s not, it’s Medius Procurement.
Streamline accounts payable and boost cash flow visibility
Simplify and automate your entire AP process by removing paper and manual invoice keying, matching, and processing. You’ll always have full visibility of invoices, spend and cash flow to ensure you can close the books on time, every time.
Pay suppliers smarter, save time and money
Remove complexity, reduce fraud and save money by improving the payments process in your organisation. Medius Pay, overhauls the way you pay your suppliers, removing manual processes such as processing cheques, and promotes automated working instead.