Medius is present in 4 markets with 4 products. Medius has 61 reviews with an overall average rating of 4.2.
Accounts Payable Applications
Gartner defines the accounts payable applications market as cloud-based applications that enable corporate controllers and their teams to automatically manage supplier invoice processing, facilitate payments and support supplier master data management across one or more ERP applications. Organizations use accounts payable applications to improve their supplier invoice processing, payments and supplier master data management activities. They allow organizations to efficiently and confidently pay supplier invoices. These applications are modular cloud-based tools that customers can configure to deliver standard processes and integrate with one or more ERP applications. Additionally, they integrate with other operational tools, such as source-to-pay suites, partner networks, banks and payment service providers, while creating flexibility for suppliers to deliver supplier invoices. An example would be the collection and processing of supplier invoices using a digital mailroom, whereby data (structured and unstructured) is extracted from scanned documents and validated prior to approval for payment.
Medius has 1 product in Accounts Payable Applications market
Source-to-Pay Suites
Gartner defines the source-to-pay (S2P) suite market as an integrated set of solutions to source, contract, request, procure, receive and pay for goods and services across an enterprise. These solutions typically are sold as cloud-based software as a service. Source-to-pay suites allow organizations to manage all of their sourcing and procurement activities within a single integrated solution. These solutions are modular in nature, allowing customers to activate/implement the functionality that is relevant for their needs, and are ERP/financial-system-agnostic. The integrated nature of these solutions allows for data to easily flow across the source-to-pay process, providing needed visibility to upstream and downstream information. For example, users can view a purchase order alongside its related contract, the sourcing event that led to the contract, and connected downstream documents like receipts, invoices and payments.
Medius has 1 product in Source-to-Pay Suites market
Strategic Sourcing Application Suites
Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.
Medius has 1 product in Strategic Sourcing Application Suites market
Supplier Onboarding Software
Supplier Onboarding software is a specialized digital tool designed to streamline and automate the process of integrating new suppliers into a company's procurement system. This software facilitates the collection, verification, and management of supplier information, ensuring that all necessary documentation, compliance requirements, and contractual agreements are in place before a vendor is fully onboarded. It typically includes features such as automated workflows, document management, compliance checks, and communication tools, which collectively contribute to a more efficient and transparent onboarding process. Additionally, it helps in maintaining a centralized repository of supplier information, making it easier to manage and update records as needed. This not only improves operational efficiency but also strengthens supplier relationships by providing a seamless and professional onboarding experience. Overall, Supplier Onboarding software is an essential component for companies looking to optimize their supply chain management and ensure compliance with regulatory standards.
Medius has 1 product in Supplier Onboarding Software market