Medius Launches Medius Payments for Seamless AP Automation

Medius has recently introduced its new product, Medius Payments, which aims to fully integrate secure and efficient payment execution into accounts payable (AP) automation.

This embedded solution is anticipated to streamline the approval and execution of payments, ensuring finance teams can handle transactions within a unified AP platform.

The introduction of Straight Through Payments capability allows customers to build and execute payment batches directly from Medius without needing ERP file uploads or middleware. This process enables users to retain control over their cash while simplifying disbursement processes.

Moreover, the company will continue to adapt to evolving market needs, preferences, and demands while prioritizing compliance with regulatory requirements and industry laws.

Description of Medius Payments Features

Medius Payments is designed to extend the capabilities of the existing Medius Pay solution. It supports multiple payment methods across various regions—such as ACH, SEPA, BACS, CHAPS, BankGiro, wire transfers, checks, and virtual cards. Additionally, it includes multi-currency and international functionalities, offering consistent and compliant payments for any supplier.

Embedded approval rules, fraud detection mechanisms, and audit trails are integral parts of the system, which helps in reducing fraud risks while enhancing payment visibility and alignment with company policies without requiring additional software or manual processes.

The integration with ERP systems ensures a synchronized audit trail to support compliance and streamline reconciliation. This transparency covers the entire process from invoice receipt to payment settlement, providing finance teams with optimized security and efficiency.

Suppliers can also benefit from faster payment processing and improved remittance information, which optimizes their ability to reconcile payments and manage cash flow effectively.