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Medius (formerly Wax Digital)

FOUNDED : 2001

LOCATION : Europe, Sweden

TEAM SIZE : 201-500

SOLUTION MATURITY : Stalwart

FUNDING ROUND : Acquired by Marlin Equity Partners

Core functionality
Classic P2P and S2P
Additional functionality
Source / Procure-to-Pay (S2P and P2P)
Sourcing
Vendor Master Data Portal
Description

Medius is an end to end purchase-to-pay (P2P) software suite.

This cloud-based spend management solution helps organisations drive their business by enabling best-in-class process efficiency, cost saving opportunities and greater financial control.

Medius promises to deliver quick ROI with a fast to implement and easy-to-use spend management solutions for strategic sourcing, contract management, procurement, accounts payable automation, payments and supplier management, as well as data insights tools.

It aims to provide software that fulfils all steps of the purchase to pay process, with features including: An intuitive and easy to use UI, broad product visibility, simple setup and integration with your back-office, and reporting that helps you make smarter decisions.

The spend management suite is totally modular, allowing you to take as much or as little as your company needs.

Nearly 4,000 customers and more than 500,000 unique users worldwide use Medius spend management solutions, managing transactions worth over $160 billion annually.

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