Milwaukee Tool selects Medius to fully automate accounts payable operations for improved cash flow visibility and workflow
14 October 2020, Stockholm Sweden
Leading tool and power equipment company adopts cloud-based Medius AP Automation to support their growing business and modernize invoice processing.
Medius, a leading global provider of cloud-based accounts payable (AP) automation and spend management solutions, today announced that Milwaukee Tool has selected Medius AP Automation to automate its accounts payable operations for greater speed, flexibility, and return on investment.
As a nearly 100-year old company, Milwaukee Tool has grown significantly over the past 10 years by expanding its product portfolio of professional power tools, hand tool and accessory solutions for the construction trades. The company realized the need to modernize its procure-to-pay operations to keep pace with its growth.
In line with its focus on delivering new products to the market with speed and agility, Milwaukee Tool found the Medius AP Automation solution ideal to support its decentralized purchasing methodology, providing the requisite control and ease-of-use to support multiple business units and the processing of an increasing volume of invoices.
Milwaukee Tool also saw the benefits of the Medius AP Automation mobile-first and cloud delivery model in supporting user access to invoices and workflow/approvals on-the-go. The company noted the user-friendly interface, similar in design to consumer mobile applications, offered the ability to empower users via ease and efficiency.
“After reviewing 16 solutions, we found the Medius AP Automation solution’s robust accounts payable and procurement features the best fit for our AP, finance and purchasing goals and objectives,” said Darin Brzakala, CPA, and Senior Finance Manager, Milwaukee Tool. “By adopting Medius AP Automation, we believe we’ll see a full return on investment in cost savings, reduction in manual tasks, and increased efficiencies in under a year. We believe the relationship with Medius will play a key role in supporting new product development and top-line growth moving forward.”
“Milwaukee Tool continues to be a leader in the power tools sector and now it’s bringing the power of Medius AP Automation to its AP and procurement processes,” said Michael Ventrella, Senior Vice President of Sales, Medius. “We look forward to partnering with Milwaukee Tool on its AP automation journey to help the company modernize its operations to fuel future growth.”
Learn more about the Medius AP Automation solution at medius.com.
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.
Over 3,500 customers and 450,000 unique users worldwide use Medius spend management solutions, managing transactions worth more than $150 billion annually.
Medius was founded in 2001 and acquired procurement solution provider Wax Digital in 2019. Today, the company has over 350 employees and offices in Sweden (HQ), the United States, United Kingdom, Australia, Denmark, Norway, the Netherlands and Poland. For more information, please visit mediusflow.com.
About Milwaukee Tool
Milwaukee Tool, founded in 1924, is a global leader in delivering innovative solutions to the professional construction trades that offer increased productivity and unmatched durability. Whether it is through their world-leading M12™, M18™, and MX FUEL™ cordless systems, the ground-breaking performance of their M12 and M18 FUEL™ products, jobsite lighting, time-saving accessories, or innovative hand tool and storage products, Milwaukee® is dedicated to delivering a steady stream of advanced, trade-specific solutions. Milwaukee Tool is a Brookfield, Wisconsin-based subsidiary of Techtronic Industries Co. Ltd. (TTI) (HKEx stock code: 669, ADR symbol: TTNDY). For more information on the full line of Milwaukee® products, please call 1-800-SAWDUST or visit www.milwaukeetool.com.
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