PORTSMOUTH, New Hampshire, Sept. 17,
2024 /PRNewswire/ -- Medius, a leading provider of
autonomous AP solutions, and Bottomline, a global leader in
business payments, announced a strategic partnership that adds
Bottomline's business payments network, Paymode, to the Medius
solution.
The Medius platform is a suite of spend management applications
that help modernize and accelerate invoicing and payments. It
relies on artificial intelligence (AI) for digital transformation
of spend management, helping to modernize over 4,000 customers
globally.
Paymode is a leading business payments network that allows
businesses to make and receive payments using secure digital
methods. This network is a highly complementary addition to Medius'
virtual card functionality, enabling its customers to transact with
other members on the network and take advantage of Bottomline's
fast and secure payment processing capabilities. Fully embedded to
create a seamless solution, Paymode requires no new integration for
Medius customers.
With 550,000+ vendors accepting digital payments on the network,
Medius customers can meet their automation goals. Paymode also
offers multiple payment types with rebates, resulting in customers
improving their cashflow.
Paymode benefits suppliers as they receive enhanced data and
reconciliation information, as well as rich reporting, and can
lower their cost of payment acceptance and reduce days sales
outstanding. Providing this important data and reconciliation
feature helps strengthen relationships between buyers and their
suppliers.
"Having a well-recognized AP solution like Medius join the
Paymode network not only validates our strategy and expands our
ecosystem, but it also brings tremendous value to Medius, its
customers, and our existing vendor base," said Gunita Bindra, VP of Partner Strategy and Sales
for Paymode at Bottomline. "This partnership is a genuine
win-win-win."
"By providing access to such a sizeable number of businesses on
Paymode's network, we enhance the overall value proposition of
Medius," said Craig Keller VP,
Payment Strategy, Medius. "Medius Pay will now be able to take more
responsibility for our customer's supplier community, automate and
digitize more of their spend file and deliver an improved cash flow
across more of their supplier spend".
For more information, please contact:
Dan Bird, Fight or Flight for
Medius
Dan.Bird@fightflight.co.uk +44 7885 670798 /
Medius@fightflight.co.uk
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/medius/r/medius-embeds-paymode--new-buyers-access-to-bottomline-s-business-payments-network,c4038713
View original
content:https://www.prnewswire.com/news-releases/medius-embeds-paymode-new-buyers-access-to-bottomlines-business-payments-network-302250367.html
SOURCE Medius