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Medius Adds Embedded Payments to Accounts Payable Automation Solutions
- Medius has introduced embedded payments to its accounts payable (AP) automation and spend management solutions.
- The new Medius Payments solution expands on the existing Medius Pay solution, offering straight-through payments capability directly from the platform.
- Payments are processed through customers' existing bank accounts, supporting various payment methods globally.
- Medius Payments is integrated into the Medius AP workflow, enhancing security and reducing fraud exposure.
- The solution includes approval rules, fraud detection, and audit trails within the system, facilitating fast and policy-aligned payments.
- The PYMNTS Intelligence and Esker report emphasizes the importance of automating both accounts receivable (AR) and AP processes for enhanced efficiency and security.
- Full automation of AP processes leads to increased accuracy, efficiency, and operational improvements, reducing fraud risks.
- In addition to Medius Payments, the company introduced AI-powered tools like Medius Copilot and Medius Supplier Conversations to optimize AP automation.
- The Medius Copilot AI assistant aids invoice approvers, while the Medius Supplier Conversations solution aims to streamline responses to supplier inquiries.
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