This ecosystem encompasses a full suite of P2P solutions, from electronic procurement to accounts payable automation and analytics. Spend Smarter’ – a mantra that underpins its Source-to-Pay (S2P) Ecosystem. Wax Digital, the cloud-based e-procurement company, was acquired by Medius in 2019, strengthening its end-to-end spend management solutions.īasware’s tagline is ‘Simplify Operations. The company says close to 4,000 customers and more than 500,000 unique users use Medius’ spend management solutions globally, managing transactions worth more than $160bn annually. Founded in 2001 in Sweden, it now has 400 employees operating from offices across Europe and the US. Medius’ full-suite of e-procurement solutions include P2P, as well as strategic sourcing, data insights and more. Insight provides real-time visibility over ERP data, automates reporting and provides predictive insights to help professionals take greater control over their spend.
Protect minimises risk, identifies hidden threats and prevents incorrect payments that are often missed by ERP systems. Its core platform is separated into two distinct modules: ‘protect’ and ‘insight’. Positioned as an AI-driven companion for sourcing and finance professionals, Xelix aims to solve common blindspots in modern ERP systems. Here, we look at 10 of the most innovative and broadly used P2P platforms that, taken together, account for the majority of spend across the world’s biggest brands and organisations.
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