PayStream Advisors has recently had our eye on a certain AP automation provider standing out in the financial solutions space with impressive growth and robust AP offerings. The Swedish-born company, Medius, has been around for a little over a decade, but their youth has definitely not held them back from designing products that are unique and powerful, like their financial workflow engine, MediusFlow. With this solution and its diverse functionalities, Medius serves more than 1300 customers worldwide, with high density in Retail, Manufacturing, and Services, and they have offices in Sweden (HQ), Norway, Denmark, Netherlands, Poland, USA, Malaysia, and Australia. To complement their strong global partner network, they offer dedicated direct sales and account management.

Though their global presence is broad, Medius maintains a close focus on working to provide solutions that boost efficiency and generate tangible business value for their customers. This technique is obviously working for more than just their customers’ business value—the results of Medius’ growth in the first half of 2014 is an obvious sign that they are benefitting from the quality of their own work. The company reports a growth of over 27 percent compared to the same period last year, with sales up in all segments for both existing and new customers. They have a few opinions on the reasons for their growth, owing it partly to their improved SME offerings from their recent acquisition of Ascendo, but also to their new product enhancements.

“There are several reasons for the growth and the increase in sales, but the single most important reason is without a doubt that the market has embraced the newest version of MediusFlow, MediusFlow XI,” said Mikael Lindblom, Medius CEO. MediusFlow XI was released in 2013 and was improved upon this year with modules for contract management and procurement. Medius believes this product has been so successful in large part because of its ability to work well within Shared Services Centers and the high processing demands these setups require.

The solution provider’s confidence is backed up not only by their growth results, but also by their increased customer base. Some of the new customers include the DT Group in Denmark, Quaker Chemical Corporation, MOM’s Organic Market, DTS, and Dejana and Proterra in the US. According to Medius, their success only motivates them to do better and think larger.

“In the beginning of the year, we made a few changes to focus even more on our core business and our primary markets”, said Mikael Lindblom. “We have already seen positive effects from this, and the changes will further strengthen our competitiveness and increase customer value in the second half of the year.”

PayStream is looking forward to seeing Medius’ hopes manifest into success. For an opportunity to hear from more AP and P2P Innovators who are transforming the financial automation market like Medius, be sure to register for this year’s PayStream Summit, INNOVATE 2014. This three-day conference, held on San Antonio’s beautiful Riverwalk, will include various networking events, panel discussions, and breakout sessions that will help financial professionals transform their organization’s P2P process.