Accounts Payable Solutions & Resources

In a recent article, The Jacksonville Business Journal reported that the company, Medius, is entering the Jacksonville market after acquiring a fast-growing local business: OnPay Solutions.

FinTech Global reports that Medius, a provider of accounts payable (AP) automation solutions, has acquired OnPay Solutions, an invoice payments provider. 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.”

Medius, a leading provider of accounts payable (AP) automation solutions, today announced the acquisition of 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, and lead by Neal Anderson and Juliet Negrete-Anderson, OnPay Solutions 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.

According to a PYMNTS.com article, Spend management and eProcurement software company Medius has acquired invoice payments provider OnPay Solutions. “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,” the Swedish company said in a news release emailed to PYMNTS.

Per Fintech & Finance News, by combining OnPay Solutions’ technology, its network of 360,000 vendors and 40 different banking integrations with its source-to-pay suite, the acquisition strengthens Medius’s ability to automate payment processing through its own platform as well as existing third-party payment partners including Nomentia, Transfermate and Corpay. It will deliver superior operational efficiency for clients by simplifying and streamlining the payments workflow, as well as improving anomaly, fraud and risk detection through true end-to-end visibility into the invoicing process.

Clients referred by OnPay Solutions will process their transactions through Tempus Online, a web-based FX and international payments platform. OnPay Solutions Vice President Robert West said, “We’re excited to broaden OnPay’s offering by enabling clients to process their international AP payments through Tempus Online.” West added, “Partnering with Tempus enables OnPay Solutions to attract new clients and to better serve existing clients.” Tempus Online, launched in 2008, provides spot, forward, market orders, beneficiary management, and reporting capabilities. Tempus Chief Strategy Officer Andrew Woelflein commented, “Tempus is excited to enter the AP automation software space with an innovator like OnPay Solutions. We look forward to supporting their clients’ FX payments.”

“We are always on the lookout for collaborative solutions that can help our clients operate more efficiently and with greater effectiveness,” said Jim Skubic, President of ProVantage Software, Inc. “To that end, we have found OnPay Solutions to fit that role perfectly, reducing both labor input and the cost envelope for several basic and repetitive AP functions.”

In a recent article published by CFO Tech Outlook, our COO and Founder, Julie Negrete-Anderson, dives into the future of supplier payments and accounts payable in a post-pandemic world. "Today, finance professionals need a paperless payment solution that allows them to continue to work from the office or a kitchen table. All eyes are going to be on AP automation for the next few years. It's going to be a race to see how quickly businesses can move away from their current paper-based processes. The magic mix - especially for large businesses - will be finding a way to convert their paper payments and invoices to digital ones without giving up control, changing current systems or approval processes and damaging their relationships with their suppliers."

Highstreet is spearheading change in businesses globally by helping their clients optimize their business through their Oracle ERP system. A leader in Oracle Applications, and an Oracle Platinum Services Partner, led by an executive team with over 25 years of experience, Highstreet is modernizing business process and software. Highstreet offers the full spectrum of services for Oracle Cloud ERP, HCM, CX, Student Management, Student Financial Planning, PeopleSoft, and Oracle eBusiness Solutions. As an authority in Public Sector, including State and Local government and Education, Highstreet has been the implementation partner for more than 70% of all Oracle Student Cloud implementation projects in the U.S. Highstreet also supports Healthcare, Commercial and Financial Services clients as well. With experience founded in industry best practices, Highstreet specializes in helping clients uncover new ways to utilize software to perform more efficiently – saving them time and money.

oAppsNET Group is an Oracle Partner that specializes in business transformation based on the Oracle applications platform. Their consulting team averages of 25+ years of hands-on experience and are well versed in the best business practices to apply to the Oracle ecosystem. The oAppsNET Group uses these skills to implement, maintain, upgrade, customize and integrate 3rd party applications like OnPay Solutions into the Oracle on-premise or cloud ecosystem. They're committed to establishing long-term relationships with their clients and partners by delivering high-value services and maximizing your return on investment in Oracle technology.

In a Nutshell: While certain departments within medium-to-large businesses have largely moved into the modern era, many accounts payable departments have struggled to keep up with evolving technology. OnPay Solutions helps these departments move into the digital age with its convenient solutions that make accounts payable processes faster, easier, and more cost-effective. The company’s virtual credit card solution also provides unparalleled security when it comes to transactions. The virtual cards are generated for a specific transaction and self-destruct once the transaction is complete.

CapX Consulting is an intelligence platform for business innovation. Through a unique approach to consulting and advisory, CapX Consulting enables clients to future-proof their businesses and more effectively adopt technology by providing them with a curated suite of recommended products and services, holistic optimization strategies, and workforce solutions that save money, increase efficiencies, and generate additional revenue streams. “We are thrilled to partner with OnPay [Solutions] and introduce our clients to the incredible benefits of accounts payable automation,” said Lindsay Tsumpes, Co-CEO of CapX. “Our focus is on finding great solutions that can help organizations free up time, optimize operations, and reallocate valuable resources. We were impressed that OnPay’s solutions provide all of these benefits and more without any capital expense, making it a highly accessible tool for a variety of businesses.”