Medius is a cloud software provider for finance teams, centred on accounts payable (AP) automation. Its suite covers invoice processing and matching, supplier statement reconciliation, payments, fraud and risk detection, procurement, expense management, sourcing, contract management and supplier onboarding. Medius is delivered as software as a service.
Medius is a Swedish company and is therefore headquartered in the EU. Marlin Equity Partners, a US private equity firm, agreed to acquire it in 2017 and is its majority owner, so a US parent applies, which is the CLOUD Act signal. According to its sub-processor list, Medius hosts on Microsoft Azure, and the region follows the customer's primary location: the EU, the USA, the UK or Australia, while the supplier portal is operated from the EU. A European organisation should therefore confirm in writing which hosting region applies to its tenant. Medius is proprietary software and not open source.