a leading provider of AP Automation and wider spend management solutions, today announced the full integration of OnPay Solutions into the Medius platform, providing customers in North America with an end-to-end payments offering.
The March 2022 acquisition of Jacksonville-based OnPay Solutions allows the company to integrate payments into its source-to-pay platform. During the six-month integration, OnPay Solutions’ technology, its network of 360,000 vendors, and 40 different banking integrations were integrated into Medius’ source-to-pay suite. Customers will benefit from increased operational efficiency and control as the payments workflow is simplified, streamlined, and automated.
Customers will also have complete visibility and control over supplier payment details and set-up within Medius, as well as additional security checks. This is a significant advantage in the current economic climate, as it speeds up
the operational process, with the potential for cost savings and reduced risk exposure. The platform offers a progressive pricing model designed to return even more value back to clients. Organizations that use the platform to automate their invoice payments benefit from a guaranteed annual dividend – a cash rebate – on their spend, opening a new revenue stream into their organization.
This dividend forms a part of the supplier outreach program, engaging with suppliers on the move from expensive check payments to virtual card payments, powering the ability to deliver a guaranteed dividend to customers. The acquisition and integration also mark the next step in the expansion of Medius’s U.S. operations, providing a U.S. hub for payments, particularly in Jacksonville, where half of its new hires will be based, which includes professional services, customer support and development
