We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Medius (Wax Digital) positioned as a Visionary in Gartner Magic Quadrant for Procure-to-Pay Suites
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Medius (Wax Digital) positioned as a Visionary in Gartner Magic Quadrant for Procure-to-Pay Suites

Medius (Wax Digital) positioned as a Visionary in Gartner Magic Quadrant for Procure-to-Pay Suites
October 22, 2020
No Comments

Medius (Wax Digital), a leading provider of spend management solutions, has been positioned by Gartner in the Visionaries quadrant of the Gartner October 2020 Magic Quadrant for Procure-to-Pay (P2P) Suites.1

The spend management specialists believe this significant achievement is down to their strong integration capabilities, best-in-class customer service, but also, because of the modern technology powering Medius solutions.

Per Åkerberg, CEO at Medius, said: “We’re delighted to be recognized in Gartner’s Magic Quadrant for Procure-to-Pay Suites. We think being placed as a Visionary clearly demonstrates that Medius’ strategy to continuously gather and implement on customer feedback is paying off.”

Åkerberg added: “But also we believe investing in our integration technology has helped our customers consolidate our best-of-breed spend management solutions with their back-office systems quickly and efficiently.”

Medius’ solutions are built from the ground up with modern technology, allowing the spend management provider to rapidly develop and deploy innovative features based on customer feedback. They believe this has been essential to its success.

Daniel Saraste, SVP Product Strategy of Innovation said: “We’ve listened very carefully to our customers’ needs as we develop our spend management suite. As such, we spent a great deal of time investing in our support for direct material procurement and invoice processing.”

Saraste added: “We believe this is what our customers need, and as such, we think we’ve delivered a solution that enables best-in-class efficiency and control throughout the spend management journey supporting procurement and finance teams alike.”

Åkerberg is upbeat about Medius’ future, even as the world grapples with the COVID-19 pandemic. He said: “To us, to be placed in the Gartner Magic Quadrant, as the world struggles with coronavirus, is a significant acknowledgement - and I couldn’t be prouder of my team. He added: “But, I think it also sends a clear message to our customers and prospects. We will continue to prioritize their needs with innovative and customer-centric solutions. Medius remains a great place to do business.”

[1] Gartner, “[Magic Quadrant for Procure-to-Pay Suites],” [Kaitlynn Sommers, Micky Keck, William McNeill, Tim Faith)], [19th October 2020].

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Medius
Medius is a leading global provider of cloud-based spend management solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control. Our modular spend management suite includes market leading solutions for strategic sourcing, contract management, procurement, accounts payable automation and supplier management as well as data insights tools bringing control, compliance and cost savings throughout the entire source-to-pay process. Thanks to an easy cloud deployment, intuitive user interface and built-in best practices our customers experience tangible savings right from the start as well as long term ROI success. With Medius, spend is simply managed. Over 3,500 customers and 450,000 unique users worldwide use Medius spend management solutions, managing transactions worth more than $150 billion annually.

Founded in 2001, Medius is owned by the global investment firm Marlin Equity Partners. In 2019 Medius acquired Wax Digital to become the powerhouse in spend management solutions. The group has over 350 employees and offices in Sweden (HQ), the United States, United Kingdom, Australia, Denmark, Norway, the Netherlands, and Poland. For more information, please visit mediusflow.com.

https://www.mediusflow.com/en/about/news/2020/gartner-magic-quadrant
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Finance Procurement Technology
KEYWORDS Medius
    • Related Articles

      Esker Named in 2021 Gartner® Magic Quadrant™ for Procure-to-Pay Suites for Second Consecutive Year

      Transplace Positioned in the Challengers Quadrant of Gartner's Magic Quadrant for TMS

      BluJay Recognized as a Challenger in Gartner Magic Quadrant for Transportation Management Systems

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    20221107korber large vs

    Enhancing Customer Experience with Your Supply Chain Strategy

    Viewer Contributed
    With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing