“We are proud to be part of the Spend Matters SolutionMap – a tool that helps businesses to select the spend management solution that best meets theirneeds”, says Per Åkerberg, CEO at Medius. “Medius’ position on the SolutionMapsends a clear message that our modular spend management solution suite is perfectly poised to support growing businesses”, Åkerberg concludes.
The Spend Matters SolutionMap is a semi-annual report that compares 77 procurement technology providers across 13 categories. SolutionMap, which began in 2017, has become the definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs and frequency of release (semi-annually) to accurately reflect vendor capabilities and market developments.
Medius is featured in the Sourcing, Supplier Relationship Management and Risk, Contract Lifecycle Management, eProcurement, Procure to Pay, AP Automation and Invoice to Pay categories.
Of note is Medius’ position for Medius Sourcing and Medius Supplier Relationship Management, which are rated amongst the highest for the audience segment ‘Nimble’. This buyer persona is defined by Spend Matters as a fast-growing, dynamic and results-oriented organization that needs modern, intuitive solutions that offer speed to value at a reasonable price.
"Medius scores high on both current product and vision, making it the best choice for organizations that seek an innovative partner who remains committed to supporting their digital transformation.
” says Daniel Saraste, SVP Product Strategy and Innovation at Medius.
Learn more about Spend Matters SolutionMap: https://spendmatters.com/solutionmap/
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Medius is a leading global provider of cloud-based spend management solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control.
Our modular spend management suite includes market leading solutions for strategic sourcing, contract management, procurement, accounts payable automation and supplier management as well as data insights tools bringing control, compliance and cost savings throughout the entire source-to-pay process.
Thanks to an easy cloud deployment, intuitive user interface and built-in best practices our customers experience tangible savings right from the start as well as long term ROI success. With Medius, spend is simply managed.
Over 3,500 customers and 450,000 unique users worldwide use Medius spend management solutions, managing transactions worth more than $150 billion annually.
Founded in 2001, Medius is owned by the global investment firm Marlin Equity Partners. In 2019 Medius acquired Wax Digital to become the powerhouse in spend management solutions. The group has over 350 employees and offices in Sweden (HQ), the United States, United Kingdom, Australia, Denmark, Norway, the Netherlands and Poland. For more information, please visit mediusflow.com