Medius, a provider of cloud-based accounts payable automation, has acquired Wax Digital, a procurement solutions provider.
From sourcing and contracting with suppliers to placing orders, as well as matching, processing and paying invoices, the acquisition of Wax transforms Medius from an accounts payable-focused solution into a product suite with full source-to-pay (S2P) capabilities.
Together, Medius and Wax Digital will provide both purchasing and finance functions a unified solution for complete control of costs, cash and compliance.
The combined modular source-to-pay (S2P) suite enables current and future customers to identify and track savings opportunities, find potential suppliers and establish optimal agreements while gaining visibility and control throughout the entire source-to-pay process.
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