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Medius integrates OnPay Solutions; provides payments to customers in North America

By Edlyn Cardoza

December 02, 2022

  • AP automation
  • Cash Management
  • Cheque Payments

Medius, AP Automation, Spend Management Solutions, OnPay Solutions, Source-to-Pay Platform, Risk Management, Cheque Payments, Virtual Card Payments, Cash Management, Medius Pay, Payments Fraud, Jacksonville, North America, USAMedius, one of the leading providers of AP Automation and more comprehensive spend management solutions, announced the full integration of OnPay Solutions into the Medius platform, providing an end-to-end payments offering for customers in North America.

Daniel Ball, SVP of Innovation at Medius, said, “Business leaders across the globe face turbulent times ahead, and many are already struggling with cash management, inefficient processes, and the rise of fraud. In everything we do, we aim to make our customers’ lives easier. The integration with OnPay Solutions is just one example of that.”

The acquisition of Jacksonville-based OnPay Solutions in March 2022 enables the company to integrate payments into its source-to-pay platform. The six-month integration has combined OnPay Solutions’ technology, its network of 360,000 vendors, and 40 different banking integrations into Medius’s source-to-pay suite.

For customers, this means increased operational efficiency and control by simplifying, streamlining, and automating the payments workflow. The integration also provides customers with complete visibility and control over supplier payment details and set-up within Medius, with added security checks. This is a significant benefit in the current economic climate, speeding 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 to clients. Organisations that use the platform to automate their invoice payments benefit from a guaranteed annual dividend – a cash rebate – on their spending, opening a new revenue stream into their organisation. 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.

“Since Medius’s acquisition of OnPay in March, we’ve gone from strength to strength in improving operational efficiency for customers. Looking ahead, we’re committed to building on our partnership, in furthering innovation within the AP process,” said Neal Anderson, VP of Payments Strategy at Medius. “Jacksonville is a burgeoning tech hub bursting with tech talent, including the best and brightest tech graduates, and is following a similar trajectory to cities like Austin, Miami, and Nashville. Jacksonville is already home to several innovative fintech businesses, and we’re proud to be a part of that growth.”

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.

“While many Accounts Payable departments deploy automation to streamline invoice processing, significant inefficiencies still exist in the ‘last mile’ of the AP process: payments. By bringing payments processing within the platform, we can provide this service to our U.S. customers. Going forward we will continue to invest across the procure-to-pay process, and double-down on fraud and risk mitigation,” said Ball.

The integration with OnPay Solutions adds to Medius’s global payments capability, catering to the specific needs of U.S. customers. The Medius Pay application has continued to develop over the past six months, with a focus on strengthening the application’s anomaly, fraud, and risk detection capabilities.

Medius has ramped up its work on fraud and risk detection as businesses are increasingly subject to phishing attacks and payments fraud. Medius intelligently codes payment files and highlights dubious payments to approvers – providing a huge benefit to customers, all while driving adoption.

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