Open ECX announces partnership with Medius to offer enhanced AP automation capabilities
The collaboration will see Open ECX’s statement reconciliation functionality providing a true end to end automation for businesses looking to enhance their Accounts Payable (AP) automation and compliance levels.
Matt Rhodus, VP of Business Development & Strategic Initiatives at Medius, commented: “The partnership with Open ECX fills a void in our product offering with a statement matching and reconciliation solution that integrates with Medius’s AP automation platform. The expertise that the Open ECX team has in industries like construction means that customers get even more operational efficiencies in their financial operations.”
Open ECX is a leading provider of integrated business solutions, including e-trading, statement reconciliation and AP automation, and a pioneer in the P2P space. Its suite of products are designed to enhance operational efficiency and streamline AP processes through seamless integration, automation and innovative technologies, and are compatible with most finance systems used across a multitude of industries and use cases.
Charles Robinson, CCO, Open ECX commented: “At a time when businesses are demanding much more from their finance automation solutions, we’re delighted to be partnering with Medius. Our evolving suite of products have been designed to help finance leaders automate all transactions, while integrating seamlessly into their existing systems and processes. When combined with the power of Medius’ solutions, the partnership will add huge value to customers who are looking to take advantage of holistic, automated AP systems.”
About Medius
Medius links invoice capture, processing, and payment to replace the worry and wondering of managing AP with calm and confidence. Medius goes far beyond basic automation by using artificial intelligence to do most of the work – so invoices get confirmed, coded and paid; AP teams get to go home and rest easy; and businesses can trust their budgets and forecasts. Medius, on a mission to transform the spend management category using the power of automation and AI, has more than 4,000 customers across 102 countries and processes $200 billion in annual spend through its system.
About Open ECX
Founded in 2012, Open ECX’s industry agnostic technology enhances and streamlines business processes, enabling its customers to experience full automation and accounts payable efficiencies, with significant time and cost saving benefits. Its innovative solutions are trusted by leading brands including Grundfos, Wolseley and NG Bailey.
Since winning ‘Tech Company of the Year’ at the National Technology Awards 2022 and being named one of the Top 100 Fastest Growing Tech Companies at GP Bullhound’s Northern Tech Awards, Open ECX has continued its strong growth trajectory, expanding into new markets and launching new products, including statement reconciliation.