Lyko has grown from a small family business into the leading beauty destination in the Nordics. Today, the company operates in eight European markets with ecommerce, stores, and salons. With an annual revenue of roughly SEK 4 billion (USD 430M), more than 7 million yearly purchases, and double-digit growth, they need processes that match the pace.
Background on Lyko
Benefits of Medius AP Automation
Who is Lyko?
A fast growing beauty retailer and e commerce company with over 1,000 employees, active in eight European markets.
What was the challenge?
The ERP couldn’t automate Lyko’s 32,000 annual supplier invoices. Too many invoices required manual review, and the process felt static and inflexible.
How did Medius help?
Medius AP Automation provided a flexible, user friendly solution with built in invoice capture and strong automation capabilities. The result is a scalable, controlled process that supports Lyko’s rapid growth.
"Medius challenges traditional financial boundaries and shows how a more dynamic way of working creates better logic and stronger opportunities for automation. For us, the choice was easy – they met all our needs and added value that truly makes a difference in our daily work."
Johan Granath
Business Developer at Lyko
Lyko now has a scalable process that can grow with the business. Medius’ flexibility helps them easily adjust workflows to new conditions and ways of working.