Medius Becomes Partner Dematerialization Platform in France to Enhance Compliance
Medius Expands Its Role in France as a Partner Dematerialization Platform
Medius, a renowned name in automating source-to-pay processes and managing expense reports, has recently registered as a Partner Dematerialization Platform (PDP) with the French Directorate General of Public Finances (DGFIP). This strategic move is designed to assist businesses in aligning with the upcoming regulatory requirements that will take effect in France starting September 1, 2026.
As mandated by French regulations, all companies, regardless of their size, will be required to utilize a registered PDP for the issuance and receipt of electronic invoices. The PDP is set to become the sole platform authorized to handle various functions associated with these reforms, including the creation and transmission of electronic invoices and the reporting of tax data to the government. Alongside the Registered Vendors such as Medius, the Public Invoicing Portal (PPF) will act as a directory for electronic invoice recipients and serve as the intermediary for tax data transmission.
This reform package is twofold, focusing firstly on transactions occurring between VAT-registered businesses in France, which will necessitate electronic invoicing, and secondly on interactions with individuals, non-taxable entities, or foreign companies, which will fall under a specific e-reporting regime.
By committing to this PDP registration, Medius is not only ensuring compliance but also enabling finance departments to optimize their spend management processes. The company's AI-driven solutions automate the entire invoice-to-pay cycle, significantly reducing processing times. Medius captures invoice data, visualizes electronic invoices, processes pertinent information, reconciles amounts, and provides real-time responses to queries posed by internal approvers and suppliers. In this way, finance teams can effectively manage payments while focusing on more strategic initiatives that add greater value to their businesses.
Moreover, Medius's deployment of intelligent technologies, such as machine learning and artificial intelligence, allows for the management of business rules that enhance performance and streamline processes, making them increasingly efficient and self-sufficient.
This shift towards a digital invoicing ecosystem not only helps to improve compliance with legislative changes but also equips finance teams with the tools to minimize time spent on repetitive tasks. In turn, this allows professionals to concentrate on more impactful business initiatives that can drive growth and success for their organizations.
As the technical testing phase approaches, Medius is primed to take full advantage of its PDP registration, ensuring that its clients are ready to meet the upcoming compliance changes with confidence. For additional information or inquiries, Dan Bird at Fight or Flight is available for contact at [email protected].
This evolution in their operational framework represents a significant step towards modernizing financial transactions in France, positioning Medius as a key partner for companies aiming to thrive in this new digital landscape.