Medius, a Swedish accounts payable automation and spend management company, has partnered with Open ECX, an e-trading and finance automation software firm, to offer an enhanced Accounts Payable (AP) automation solution.

The partnership combines Open ECX's statement reconciliation features with Medius' automated AP and fraud detection platform to automate and streamline complex, manual finance processes for businesses. 

By integrating these services, the firm claims to provide an end-to-end automation solution that allows businesses to maximize their operational efficiency and compliance measures.

Analyst QuickTake: The latest partnership is in line with the firm's recent activities (which includes its  partnership with Launchpad Technologies ) to increase its partner network and expand its capabilities to provide an all-in-one integrated solution.