Why does being a Visionary in the 2021 Gartner® Magic Quadrant™ for Procure-to-Pay Suites matter to Medius?
- 02 Nov 2021
We’re happy to announce our positioning within the Magic Quadrant™ this year, something we believe is rooted in our innovative approach to our modular solution suite, our dedication to our valued customer base, and a proven modern technology approach to spend management.
We think this remarkable distinction, the second in a row, validates the momentum and growth we’ve seen thus far in 2021.
If you’re unfamiliar with the report, the Visionary category is described by Garter® as such:
“Visionaries are ahead of most potential competitors in delivering innovative products and/or delivery models. These vendors embody trends that are shaping, or will shape, the P2P market.” Medius regularly invests in our product innovation, regularly reinvesting at least 18% of turnover back into product development and listening closely to the voice of our customers and the market through roadmap voting and user feedback research.
Our resolute vision
In this year’s Magic Quadrant™, Gartner® reviewed 12 different Procure-to-Pay vendors and measured them against their “Ability to Execute” and their “Completeness of Vision” – measured against Gartner® criteria for helping “organizations automate the transactional processes for purchasing, receiving and paying for goods and services.” We’re proud to be recognized for our ability to execute and completeness of vision in the report, something we think clearly came through in the Visionary positioning by Gartner® in this report.
Jim Lucier, Medius CEO, said, "Our extensive background in AP Automation and our comprehensive spend management suite give our customers the confidence that they have complete control of cost, cash, and compliance throughout the entire procure-to-pay lifecycle."
You can find your complimentary copy of the 2021 Gartner® Magic Quadrant™ for Procure-to-Pay Suites here. For any questions related to Medius’ offering, our rapidly expanding global customer base or just to learn more about what we can do for your organization, don’t hesitate to reach out to us at any time.
Gartner Magic Quadrant for Procure-to-Pay Suites, Kaitlynn Sommers, William McNeill, Micky Keck, Patrick Connaughton, 25th October 2021.
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