HELSINKI, Finland – APRIL 20th, 2022 – Nomentia, a leading provider of cash and treasury management solutions, today announced that it has entered into a commercial partnership with Medius, a leading name in AP automation and wider spend management solutions to further strengthen its market presence in the Nordic market. In March, Medius announced a partnership with Nomentia to simplify accounts payable (AP) and payment processes utilizing Nomentia’s bank connectivity as a service capability.
The partnership is the next step in strengthening Nomentia’s market-leading position in the Nordics. Nomentia automates business-to-business payment processing and offers integrations with over 10,800 banks globally, through host-to-host, SWIFT, and local connections.
Medius has significantly increased its market share in Finland during 2021 and entering the commercial partnership with Nomentia will further accelerate Medius’s go-to-market strategy in Finland.
Martin Billenius, CRO EMEA and ASIA PAC Medius, says: "In 2021, Finland was one of the fastest growing markets for Medius. Starting a commercial partnership with Nomentia, one of Finland’s leading corporate payment providers, will help Medius to keep increasing its growth in the Finnish market in the future as well.
“In the Nordics, pivotal changes are happening as P27 comes into effect. Nomentia has been one of the vendors that has been developing an offering to support organizations to become compliant, connect to banks, and digitalize their payment processes.”
Jukka Sallinen, CEO at Nomentia, says: “The commercial partnership with Medius allows us to support more companies in the Nordics with their cash management challenges. We are confident that our strong product portfolio and our rapidly growing team will help our clients to improve their payment processes while ensuring compliance with the P27 requirements.”
Medius is a leading provider of cloud-based accounts payable automation solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control. Thousands of customers use Medius solutions, managing transactions worth more than $180 billion annually. For more information, please visit medius.com.
Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers.
Today, Nomentia is solving the challenges of modern treasurers and cash managers across 2,000+ businesses in over 80 countries, processing more than 800 billion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash-forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance. For more information, visit www.nomentia.com.
FOR MORE INFORMATION, PLEASE CONTACT:
Dan Bird, Fight or Flight for Medius
+44 7885 670798
Barbara Babati, Head of Marketing, Nomentia
+358 40 762 3356