Medius Achieves ‘Built for NetSuite’ Status

Stockholm, December 14th, 2022 - Medius, a leading provider of AP Automation and spend management solutions, today announced that its Medius Procurement SuiteApp has achieved the ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations eliminate maverick spending and extends existing procure to pay functionality in NetSuite to improve supplier relationships and buyer experiences.

“Many businesses are seeking cost-effective and time-saving solutions, particularly at a time of rising inflation,” said Matt Rhodus, VP of Business Development & Strategy at Medius. “Medius Procurement for NetSuite gives organizations greater visibility into their spending and helps find savings, eliminate fraud, and reduce risk. The combined capabilities of NetSuite and Medius help finance departments improve operational efficiencies with a full audit trail of all approvals, purchases, receipts, and invoices.”

The Medius Procurement SuiteApp leverages NetSuite’s integrated business system to manage supplier master data and financial account details. Approved purchase orders are automatically reflected in NetSuite to provide real-time commitments for financial planning, reporting, and analytics. With NetSuite, organizations gain greater visibility into spend and the ability address potential bottlenecks in the purchasing process.

“As the global economy is seeing multiple disruptions, companies are seeking to more closely manage their vendors so they can fulfill customer demand and manage spend within tighter budgets,” said Guido Haarmans, group vice president, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for procurement and helps NetSuite customers improve visibility and control of spending across their entire organization.”

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help partners verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Medius for NetSuite, have been built to meet these standards.

For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about Medius for NetSuite, please visit www.suiteapp.com or medius.com/solutions/medius-for-netsuite/.

About SuiteCloud

Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built to extend the power of NetSuite. 

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml.

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. Visit medius.com to learn more.

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