Positioned as an AI-driven companion for sourcing and finance professionals , Xelix aims to solve common blindspots in modern ERP systems . Its core platform is separated into two distinct modules : ‘ protect ’ and ‘ insight ’. Protect minimises risk , identifies hidden threats and prevents incorrect payments that are often missed by ERP systems . Insight provides real-time visibility over ERP data , automates reporting and provides predictive insights to help professionals take greater control over their spend .

Medius ’ full-suite of e-procurement solutions include P2P , as well as strategic sourcing , data insights and more . Founded in 2001 in Sweden , it now has 400 employees operating from offices across Europe and the US . The company says close to 4,000 customers and more than 500,000 unique users use Medius ’ spend management solutions globally , managing transactions worth more than $ 160bn annually . Wax Digital , the cloud-based e-procurement company , was acquired by Medius in 2019 , strengthening its end-to-end spend management solutions .

110 August 2022