Name: Medius Procurement
Rating: 10 (1 reviews)
Author: Medius

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Medius Procurement is an eProcurement package designed to assist organizations in gaining control over their spending and ensuring compliance. According to the vendor, this solution is suitable for small, medium, and large-sized companies across various industries. Finance professionals, procurement professionals, IT professionals, as well as those in the manufacturing and retail sectors, are said to benefit from Medius Procurement's capabilities.

## Key Features

**Spend Control**: According to the vendor, Medius Procurement aims to help organizations reduce maverick spending and negotiate favorable contracts. It provides organization-wide spend control, allowing businesses to effectively track and manage their spending.

**Automated Buying Processes**: Medius Procurement is designed to automate buying processes, including workflow approvals and generating purchase orders (POs) for automatic distribution. The vendor claims that it streamlines the purchasing process, making it more efficient for users.

**PO Match Invoices**: The vendor states that Medius Procurement increases straight-through processing rates by matching invoices to purchase orders, improving control and compliance. This feature aims to streamline invoice processing and reduce manual intervention.

**Sophisticated Search**: Medius Procurement offers a sophisticated search feature that allows users to easily find desired items. Users can search for specific items or browse through third-party catalogs using punchouts, adding items to a shopping basket for approval.

**Approval Workflows**: Medius Procurement enables users to set up approval workflows and permissions to ensure appropriate approvals for requisitions and purchases. According to the vendor, automated approval emails simplify the process for approvers.

**Integration with Medius AP Automation**: By integrating Medius AP Automation with Medius Procurement, businesses can automate the entire procure-to-pay process. The vendor claims that this integration eliminates the need for paper purchase orders and improves overall efficiency.

**Configurable Dashboards**: Medius Procurement provides detailed data through configurable dashboards, offering users full visibility of spend. Users can drill down into specific transaction details or review an entire spend category for comprehensive spend analysis.

**Medius Connect**: According to the vendor, Medius Connect enables rapid integration of back-office and third-party systems. It seamlessly integrates with catalogs or other supplier marketplaces to facilitate the procurement of goods and services.

Simple plan

Medius Procurement

Procurement software automates the process of purchasing materials and replenishing inventory. Central to it is electronic purchase ordering and approvals, as well as invoicing and bill payment. The software includes vendor management for competitive pricing and service and vendor follow-ups. Procurement is an essential component of supply chain management and may be available via supply chain management suites.

Procurement

Medius is a leader in business solutions that simplify and automate business processes. With a year over year growth of 40 %, we are established as one of Sweden's fastest growing IT-solution providers. Our proprietary software enable companies to quickly move from idea to solution for automating, optimizing and improving business processes. Drawing on deep experience and high competence, over 1300 business customers worldwide have experienced the quick return on investment and flexibility provided by our products.

Our tools are:
- Mediusflow invoice: An award winning, ERP-independent, financial workflow engine with a strong track record in invoice automation.
- Mediusflow platform: A powerful, user friendly and web-based workflow platform for process management and document processing, currently integrated with more than 70 different ERP-systems.
- Enterprise Resource Planning: As Gold Certified Microsoft partner Medius delivers Dynamics AX and Dynamics NAV solutions. With business processes in mind, we address the full spectrum of challenges in an ERP-implementation.

Facts in brief:
- Vision: To deliver the world’s best business support
- Growth and profitability since founded in 2001
- A year over year growth of 40 %
- Net revenue 2012: €17 Million
- Offices in Sweden (HQ), Norway, Denmark, Finland, UK, USA, France, Netherlands, Poland and Australia 
- Currently 200+ employees 
- Owned by employees to over 70 %
- 1300+ customers
- CEO: Mikael Lindblom

Medius

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Medius Procurement

Overview

What is Medius Procurement?