Hair and beauty specialist LYKO picks Medius Spend Management to support growth
LYKO, chooses Medius to improve its invoice management to support ambitious growth , and support new organizational structure.
Stockholm 23 June 2021 - LYKO is a Swedish-based business that sells professional hair care and beauty products in the Nordic markets as well as some selected markets in Europe. Recently, the company has grown rapidly that has required effectual digital solutions in many areas, including financial and invoice management.
As such, LYKO moved to automate their invoice management with Medius AP Automation, Recurring Contract, and Analytics.
Their goal is to achieve modern, efficient, and smart invoice management with the best possible conditions for a supplier process that does not require manual handling.
"Medius thinks outside the traditional economic frameworks and thus demonstrates better logic with a dynamic flow, and clear conditions for automation. That made the choice easy, as Medius also matched our requirements," said Johan Granath, Application Specialist at LYKO.
"We’re pleased to be able to support LYKO with the changes that are taking place in their fast-moving business," saidPer Åkerberg, CEO of Medius.
Åkerberg added: "Our cloud-based tools are designed to be quick to implement and easy to use, so I’m convinced that LYKO will experience benefits soon,"
For more information, please contact:
Thomas Müllertz, CMO, Medius firstname.lastname@example.org
Per Åkerberg, CEO, Medius email@example.com
Medius is a leading global provider of spend management solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control.
Nearly 4,000 customers and 500,000 unique users worldwide use Medius spend management solutions, managing transactions worth more than $160 billion annually.
Medius was founded in 2001 and acquired procurement solution provider Wax Digital in 2019. Today, the company has over 400 employees and offices in Sweden (HQ), the United States, United Kingdom, Australia, Denmark, Norway, the Netherlands and Poland. For more information, please visit medius.com.