TIE Holding NV (“TIE”) announced today that it has formed a strategic alliance with Medius, a Swedish software specialist and provider of one of the world’s leading purchase-to-pay and invoice automation software solutions. The alliance enables TIE to integrate and resell MediusFlow as part of the TIE Kinetix Business Integration Platform.
MediusFlow ensures optimal automation of the validation and matching process of incoming invoices with outstanding orders. The solution distinguishes itself in many ways and dramatically accelerates and reduces costs of this labor-intensive process, especially with its advanced line level matching capabilities. The solution can be implemented fast, has user friendly, intuitive and role-based interfaces and communicates and integrates perfectly with the outside world as well as with many internal financial and ERP systems.
TIE provides the connection between MediusFlow, the back office applications and the outside world. TIE has over 20 years of experience in this area and has translated its knowledge into products and services.
Jan Sundelin, CEO of TIE: "The strategic partnership enables TIE to take the step from an E-invoicing solution to a total business solution for all invoices, which digitizes, monitors and exports the data from both paper and EDI invoices. As a result thereof MediusFlow provides the customer with increased profitability, control and flexibility. Initially TIE will focus on the sales and marketing of MediusFlow in local markets. Nonetheless, both parties are driven to expand the relationship both geographically as well as scope wise. The fact that both TIE and Medius are worldwide players, provides excellent prospects for the future and the partnership. The fact that the European Commission focuses on making e-invoicing the norm across the EU by 2020, also provides a fruitful basis for the partnership.”
Per Nordling, CEO of Medius: "We welcome TIE as a strategic partner and we look forward to collaborate and to expand the partnership. The offering this partnership brings to the market has real business value to customers and is a world class end-to-end offering, which is based on TIE’s innovative communication technology and Medius’ robust workflow engine and world leading purchase-to-pay solution.”