Medius Introduces Medius Payments for Enhanced AP Automation Efficiency

Medius, a trailblazer in Accounts Payable (AP) automation and spend management solutions, has unveiled its latest offering, Medius Payments. This innovative service is crafted to effortlessly embed payment processing directly within the AP workflow. By doing so, it aims to transform how finance teams manage, approve, and execute payments while maximizing security and efficiency.

With Medius Payments, businesses can now execute payments without cumbersome manual interventions or reliance on external tools. The system empowers organizations to create payment batches directly from the Medius platform, eliminating the need for ERP file uploads and middleware integration. Payments are securely routed through the company’s existing bank accounts, which enhances financial control and minimizes the complexity involved in cash disbursements.

Medius Payments builds upon the previously established Medius Pay solution, incorporating a wide variety of payment methods that cater to the needs of organizations across the United States, Europe, and beyond. This includes traditional methods like ACH, wire transfers, checks, and more modern options such as virtual cards. With capabilities for multi-currency payments and compliance with international standards, it ensures finance departments can process payments to suppliers in a consistent and lawful manner.

One of the standout features of Medius Payments is how it seamlessly integrates with existing finance workflows and ERP systems. This native integration means that approval protocols, fraud detection measures, and audit trails are inherently part of the system, rather than being added as an afterthought. Such integration not only mitigates risks of fraud but also enhances visibility, enabling finance teams to process compliant payments swiftly and in line with corporate policies without introducing additional software or manual steps.

The end-to-end visibility afforded by Medius Payments—from invoice capture through to payment settlement—allows finance teams to work more confidently and efficiently. Equally beneficial for suppliers, this solution accelerates payment processing while providing comprehensive remittance information that aids them in managing cash flow more effectively.

Gary Hall, Chief Product Officer at Medius, encapsulated the essence of the new tool, stating, "Finance teams don’t need more tools. They need fewer, smarter ones." He emphasizes how Medius Payments simplifies the flow of money, effectively guiding customers through a seamless path from invoice to payment execution, all while ensuring security and maintaining their existing banking relationships.

Moreover, Ekaterina Dzhalchinova, Vice President of Product Management at Medius, reiterated that real value from automation only becomes apparent when it spans the entire financial process. She asserts that Medius Payments is a significant stride toward fulfilling the complex demands of mid-market and enterprise-level finance teams, providing them with a unified experience that enhances operational coherence.

This launch is not merely an upgrade; it signifies Medius' commitment to eradicating inefficiencies in financial operations and promoting a clear view from invoice entry to the final payment. As businesses look for ways to streamline their processes, Medius Payments stands out as a crucial innovation worth considering for any organization looking to enhance its financial management practices.

For more insights regarding the Medius Payments solution, interested parties are encouraged to visit the Medius website for additional details.