Medius partners with Nomentia for global payments and cash management

Provision of spend management with integration of different payment platforms was an important theme in 2021 and is being carried on to 2022.

In such, Stockholm based spend management company, Medius has announced it has partnered with Nomentia which is a cash and treasury management company.

As noted in the press release, this partner is the step towards developing ‘Medius’s integrated payments offering across global markets’ and Nomentia which offers automated and provides banking integration to businesses will be taking ‘advantage of Medius Pay’s secure gateway for improved payments visibility and control’.

Last year, AccessPay and Yapily partnered for corporate cash management.

Nomentia offers integration of payments with over 10,800 banks globally, host-to-host, SWIFT and local connections.

Back in 2019, Medius acquired Wax Digital to offer source-to-pay solutions.

Daniel Ball, SVP of Innovation at Medius said that with its AP automation and spend management solutions, the company with its Medius Pay wants its clients to have “a single secure, audited channel that can automate all their payments to suppliers both locally and around the world”.

Medius claims that bank fees, foreign exchange fees and cumbersome processes are a few pain points that are hard for businesses to deal with when processing payments and could be costly and time-consuming and with integration with Nomentia, can reduce these pain points for businesses.

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