Medius, a leading provider of cloud-based spend management solutions, today announces that it has been named a ‘Leader’ in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automation Applications for Midmarket 2020–2021 Vendor Assessment (doc # US47032620, December 2020).

The IDC MarketScape report highlights Medius’ ability to automate the entire AP invoice process from receipt to payment, providing their customers with complete control of cash, cost, and compliance. Further, the report notes that, with its cloud-native architecture, Medius drives continuous improvement in both system and process performance using machine learning and big data techniques.

"The ground underneath the feet of today's AP professional is rapidly shifting to digital. Software vendors that prioritize features that provide enhanced visibility, flexibility, and agility in these uncertain times will find themselves well positioned for future growth," says Kevin Permenter, research manager, Enterprise Applications at IDC.

Daniel Saraste, SVP Product Strategy and Innovation at Medius, comments on the award: “We’re proud to be recognised as a Leader by the IDC MarketScape report. Our team is passionate about driving success for our 3,500 cloud-customers worldwide and this formal recognition from the IDC MarketScape spurs us to continue innovating and making our customers’ lives better every day.”

In the report, the authors evaluate eleven cloud-based AP vendors in the market using a set of criteria, including product functionality, range of services, customer satisfaction, innovation, and growth. The report concludes that companies should consider Medius when looking for an AP solution with extensive automation and integration capabilities.

For further details, you may download a complimentary excerpt of the report here.

SOURCE: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automation Applications for Midmarket 2020–2021 Vendor Assessment, December 2020, IDC #US47032620e