TIE and Medius announce strategic partnership

January 24, 2011  |  Electronic Invoicing

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.

Connection

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 einvoicing 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.”

Profile Medius

Medius develops and delivers MediusFlow, a web-based workflow platform that enables companies to quickly and easily automate, improve and optimize business processes. MediusFlow has a world-leading solution for Purchase-to-Pay, which enables companies to highly automate their accounts payable processes by taking control over all purchases, automating invoice registration & accounting, matching on line level and efficiently route
exceptions through the organization. MediusFlow includes a range of high quality ERP independent solutions for supporting business processes that are beyond the reach of most ERP and business systems.
Medius couples MediusFlow solutions with professional services that provide our extensive experience in successfully helping companies to implement and integrate MediusFlow with their existing business systems quickly. Medius operates globally via its own presence and its extensive partner network. Visit http://www.medius-group.com/ for more information.

Profile TIE

TIE (NYSE Euronext: TIE Holding) delivers innovative web centric, software based solutions that enable all trading partners in the supply chain to work seamlessly together on the major E-commerce processes of marketing, sales and fulfillment. With its TIE Kinetix concept, it provides a Total Integrated E-commerce process, embracing three innovative platforms for Business Integration (including e-invoicing, XML/EDI data synchronization),
Content Syndication and E-commerce. The Total Integrated E-commerce solutions minimize the energy needed for a transaction lifecycle throughout the supply chain giving organizations the advantage to reduce cost and maximize revenue and profit. TIE has more than two decades of experience in developing and implementing global E-commerce standards. TIE is a listed company with offices in the United States, Australia, France and the Netherlands.
Further information:
TIE Holding N.V.
Jan Sundelin, CEO
Antareslaan 22-24
2132 JE Hoofddorp
The Netherlands
T: +31-20-658 93 33
F: +31-20-658 90 01
E: [email protected]
W: www.TIEHolding.com



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