What Medius Software Inc. does

Medius Software Inc. provides cloud-based accounts payable (AP) automation, with operational roots in Stockholm, Sweden and a registered presence in New York. The company's flagship SMB offering, MediusGo (formerly Ascendo Invoice), is used by more than 1,500 companies — predominantly Swedish and Nordic organizations — to capture, code, approve, and pay supplier invoices with minimal manual intervention. The company also operates a broader enterprise source-to-pay platform branded Medius, which serves larger customers such as Skanska and competes in the same functional category at the upper end of the market.

The product architecture is built around three AI-driven components. Medius Capture applies computer vision and OCR to extract header and line-level data from invoices in varied formats. A machine-learning coding engine learns each customer's chart of accounts, supplier master, and approval hierarchies to assign general ledger codes and routing automatically; Medius discloses 80%+ touchless invoice processing and 89% coding automation on this layer. MediusGo Genie is an LLM-powered assistant that lets finance users query invoice and spend data, draft supplier communications, and trigger workflows in natural language. Medius Copilot extends comparable AI capabilities into the enterprise source-to-pay platform. The stack integrates natively with six ERP systems: Visma, Fortnox, Microsoft Dynamics, SAP, Oracle, and Infor.

MediusGo is sold on a quote-based monthly SaaS subscription with no per-user pricing published. The company runs a direct sales motion supplemented by a channel partner program of accounting firms that resell and onboard the product to their SMB clients. Pricing, contract length, and onboarding support are quoted individually, consistent with a mid-market and SMB segment that values bundled implementation. The expanded product surface — MediusPay, Fraud Detection, Analytics, Procurement, and Sourcing — indicates a deliberate move beyond point AP automation toward a broader finance operations platform, with Europe (Sweden, Denmark, Norway, the Netherlands, France) as the primary geographic focus.

Name

Medius Software Inc.

Legal name

Medius

Website

https://mediusgo.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Medius Software Inc. provides cloud-based accounts payable automation under the MediusGo and Medius brands, serving more than 1,500 primarily Nordic SMB and enterprise customers with AI-driven invoice capture, coding, and approval workflows integrated to major ERP systems.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription - MediusGo: Cloud-based invoice automation solution priced based on number of supplier invoices processed and number of companies in the corporate group. Monthly subscription model with all features included.
2. Add-on Modules: Additional modules available including expense management (MediusGo Expense), e-invoicing (MediusGo E-faktura), purchase order matching (MediusGo Inköpsordermatchning), contract management (MediusGo Contract), and optimization services (MediusGo Maximize).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

MediusGo is a cloud-based invoice management solution that automates the entire accounts payable process — invoice capture, AI-powered coding, approval routing, purchase order matching, and payment — for small and medium-sized businesses. The broader Medius platform extends this into a full Source-to-Pay suite covering procurement, sourcing, contract management, expense management, supplier payments, fraud detection, analytics, and integrations with major ERP systems.

Product overview

Medius Software Inc. offers a comprehensive Source-to-Pay and Purchase-to-Pay platform consisting of two main product lines: (1) MediusGo - a cloud-based invoice and expense management solution designed for small and medium-sized businesses (formerly Ascendo Invoice), featuring modules for invoice scanning (MediusGo Capture), AI-powered coding (MediusGo Genie), expense management (MediusGo Expense), e-invoicing (MediusGo E-faktura), purchase order matching (MediusGo Inköpsordermatchning), and contract management (MediusGo Contract); and (2) Enterprise Medius - a full-featured platform for larger organizations including Medius Copilot (AI assistant), MediusPay (supplier payments), Medius Fraud and Risk Detection, Medius Analytics, Medius Procurement, Medius Sourcing, Medius Contract Management, Supplier Conversations, and Supplier Onboarding. Both product lines share the Medius Connect integration hub providing pre-built connectors to major ERP systems including SAP, Oracle, Microsoft Dynamics, Visma, Fortnox, and others.

Differentiator

Problem solved

Functional benefit

Brands

• MediusGo Genie: AI assistant built into MediusGo providing AI-based coding suggestions, proposed reviewers, and amount and periodization suggestions for invoice processing automation.

Products and services

• MediusGo Cloud-based invoice management solution for small and medium-sized businesses that automates the entire accounts payable workflow including invoice scanning, AI-powered coding, purchase order matching, approval routing, and payment processing. Designed for quick deployment via standard ERP integrations.
• MediusPay Supplier payment management solution that enables automated and secure payment processing to vendors from within the Medius platform.
• Medius Copilot Conversational AI assistant platform across Medius products that helps users with invoice processing, approval workflows, and financial tasks through generative AI.
• Medius Expense Digital expense management solution that allows employees to photograph and register receipts directly in the app, streamlining expense reporting for employees, managers, and finance departments.
• Medius Procurement Procurement management solution for creating and managing purchase orders, supplier relationships, and procurement workflows.
• Medius Sourcing Sourcing and procurement solution including electronic auctions and bid management for competitive procurement processes.
• Medius Contract Management Contract lifecycle management platform for creating, managing, and tracking vendor contracts and agreements across the enterprise.
• Medius Analytics Reporting and analytics module that provides dashboards and insights into invoice processing, bottlenecks, costs, and cash flow for process optimization.
• Medius Fraud and Risk Detection Fraud detection and risk management module that identifies suspicious invoices, flags unknown suppliers, and detects payment discrepancies to prevent fraud and duplicate payments.
• Medius Connect Integration platform providing pre-built connectors to popular ERP and business systems for seamless data flow between Medius and existing systems.
• Supplier Onboarding Supplier management and onboarding solution for managing vendor relationships, certifications, and onboarding processes.

Quantifiable outcome

• Over 80% of invoices are automatically read, coded, and distributed without any manual intervention
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability8 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• VismacoreTechnology or IntegrationStandard integration partnerships for MediusGo with Visma Administration, Visma Net, and Visma Business ERP systems. Enables seamless data flow between invoice automation and accounting software.
• FortnoxcoreTechnology or IntegrationIntegration partnership with Fortnox ERP system. MediusGo provides automated invoice processing for Fortnox users.
• Microsoft Dynamics 365 Business CentralcoreTechnology or IntegrationPre-built integration with Microsoft Dynamics 365 Business Central enabling MediusGo invoice automation for BC users.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Basware: Finland-based vendor of AP automation, e-invoicing, and purchase-to-pay solutions. Closely comparable to MediusGo on AP automation, invoice capture, and Nordic European customer base, including SMB through enterprise tiers.
• Tipalti: Cloud-based AP automation platform covering invoice processing, approval workflows, and supplier payments for mid-market and SMB. Direct overlap with MediusGo's invoice automation and MediusPay capabilities.
• Stampli: AI-driven AP automation platform focused on invoice processing, coding, and approval workflows. Comparable to MediusGo's touchless invoice processing and AI-powered coding suggestions.
• Bill.com: Cloud AP and AR platform targeting SMBs and accountants with invoice capture, approval, and bill pay. Highly comparable to MediusGo on SMB AP automation, accounting-firm channel, and US/North American footprint.
• AvidXchange: AP automation provider for mid-market and SMB, specializing in invoice capture, approval workflows, and electronic payments. Comparable to MediusGo on AP and payments automation for non-enterprise customers.
• MineralTree: AP automation and bill payment solution integrated with major ERPs (NetSuite, Sage Intacct, Microsoft Dynamics). Comparable to MediusGo on ERP-integrated AP automation and SMB/mid-market focus.

Broad incumbents

• Coupa: Broad business spend management (BSM) platform spanning procurement, invoicing, expense, and payments. Larger incumbent that overlaps with the broader Medius source-to-pay portfolio rather than MediusGo specifically.
• SAP Ariba: Enterprise procurement and invoice management suite from SAP. Overlaps with the enterprise Medius products and competes for the same SAP-anchored AP and procurement wallet.

Emerging players

• Ramp: Fast-growing corporate card and spend management platform with growing AP and bill pay capabilities targeting SMB and mid-market. Adjacent competitor to MediusGo for the SMB finance stack.
• Airbase: Spend management platform combining corporate cards, AP automation, and expense management for mid-market. Comparable to the MediusGo + Medius Expense + MediusPay proposition for growing companies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medius Software Inc.