Medius partners with Nomentia to extend global payment and cash management capabilities
AP Automation and Spend Management provider partners with payments specialist to simplify and automate payments
MARCH 1, 2022 – Medius, a leading provider of AP Automation and wider spend management solutions, today announced that it has entered into a strategic partnership with Nomentia, a leading name in cash and treasury management.
The partnership is the latest step in developing Medius’s integrated payments offering across global markets. Nomentia automates and simplifies payments, delivering out of the box banking integration for businesses looking to take advantage of Medius Pay’s secure gateway for improved payments visibility and control. Nomentia offers integrations with over 10,800 banks globally, through host-to-host, SWIFT and local connections.
With an HQ in Finland, the Nomentia partnership is of particular relevance to Medius’s Nordic customers, offering integrations with all the region’s main banks. The partnership enables Nordic customers to react effectively to in-market developments, such as the P27 initiative, which aims to establish a single pan-Nordic payment infrastructure for the region’s 27 million citizens.
Daniel Ball, SVP of Innovation at Medius, said: “As with our AP automation and spend management solutions, we want Medius Pay to make our customers' lives easier, creating a single secure, audited channel that can automate all their payments to suppliers both locally and around the world.
Bank-fees, foreign-exchange fees and cumbersome processes are just a few of the pain points businesses have to deal with when processing payments in what can be a costly, and time consuming business function. With Medius Pay’s rapid deployment and native Nomentia integration, our customers can realize all these benefits quickly with an accelerated time to value.
For our Nordic customers, the partnership comes at the perfect time, enabling them to capitalize on the P27 initiative which is driving digitalization of payments.”
Jukka Sallinen, CEO at Nomentia, said: “The partnership with Medius unites AP automation and payments with our extensive bank connectivity, giving more businesses the tools they need to control and optimize all aspects of spend and payments. I look forward to working with Medius, whose expertise in AP automation and spend complement our own in global cash and treasury management.”
Medius is a leading provider of cloud-based accounts payable automation solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control.
Thousands of customers use Medius solutions, managing transactions worth more than $180 billion annually.
For more information, please visit medius.com.
Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers. Today, Nomentia is solving the challenges of modern treasurers and cash managers across 2,000+ businesses in over 80 countries, processing more than 800 billion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash-forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance. For more information, visit www.nomentia.com.
For more information, please contact:
Dan Bird, Fight or Flight for Medius
+44 7885 670798
Barbara Babati, Head of Marketing, Nomentia
+358 40 762 3356