Medius, a provider of accounts payable (AP) automation solutions, has acquired OnPay Solutions, an invoice payments provider, for an undisclosed sum.
The deal will enable Medius to integrate payment processing, AP automation’s ‘last mile’, directly into its source-to-pay platform, enhancing its customers’ operational efficiency and strengthening their anomaly, fraud and risk detection capabilities.
Founded in 2009 with a mission to improve the lives of accounting professionals globally, OnPay Solutions said it helps its clients streamline AP processes and lower costs by automating invoice payments.
The company provides ‘no touch’ virtual card, ACH, check and wire payments for more than 400 customers ranging from mid-sized companies to some of the US’s biggest enterprises and institutions.
Neal Anderson, president and CEO of OnPay Solutions comments:“OnPay Solutions is a payments-led solution that has built deep, enduring relationships with its clients over the last decade. We are delighted to be joining the Medius team and are excited about the opportunity it provides to scale our solution domestically and internationally, as well as the new AP automation opportunities it will create for our existing clients.”
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