Medius Unlocks New Opportunities with Domo

Rhea-AI Summary

Medius, an accounts payable software provider, has integrated Domo to enhance its analysis of sales and marketing impacts, and optimize sales funnel efficiencies. Processing over $200 billion annually for 4,000+ customers across 102 countries, Medius aims to automate invoice processing using AI. Before Domo, data was fragmented, hampering intelligent decision-making. Post-implementation, Medius achieved comprehensive visibility into its go-to-market strategies, improving lead tracking and revenue analysis. Domo's pre-built connectors and Cloud Amplifier have accelerated value realization, improving data governance and compliance. This integration positions Medius as a leading AP solution provider, enhancing its technological prowess and customer service capabilities.

Positive

• Medius processes over $200 billion annually for 4,000+ customers across 102 countries.
• Domo integration has provided comprehensive visibility into Medius's go-to-market strategies.
• Improved lead tracking and revenue analysis through Domo.
• Accelerated value realization with Domo's pre-built connectors.
• Enhanced data governance, security, and compliance with Domo's Cloud Amplifier.

Negative

• Previously, fragmented data across disparate applications hindered intelligent business decision-making at Medius.

SILICON SLOPES, Utah--(BUSINESS WIRE)-- Today Domo (Nasdaq: DOMO) announced that Medius, a leading accounts payable (AP) software solution provider, utilizes Domo to analyze the impact of its sales and marketing efforts, as well as funnel efficiencies to identify new opportunities that increase sales volume and velocity across the business.

Medius processes more than $200 billion in annual spending for more than 4,000 customers across 102 countries. The company is on a mission to help businesses pay smarter by using AI to automate how they capture, process and pay their invoices. By automating the accounts payable process, Medius enables businesses to streamline operations and gain greater cash flow visibility.

Before Domo, Medius struggled with data spread far and wide across disparate applications and clouds, and as a result, the company lacked the data visibility needed to make intelligent business decisions. When Medius first engaged with Domo, the company looked to solve one of its sales team’s biggest issues—combining all its go-to-market data together into cohorts to help analyze volume.

Now that Domo has been implemented across the company, Medius has complete visibility into its entire go-to-market motion. With a better understanding of where leads come from, how these leads move through the sales funnel and the revenue they create, Medius can measure the impact of its marketing efforts, and business development reps while identifying new opportunities.

“We have the best of everything that Domo has to offer at our fingertips. Our users get immediate value from the solution by bringing their data to life and using it to tell a story,” said Branden Jenkins, chief operating officer at Medius. “Within a couple of weeks of implementation, Domo accomplished what we had spent many quarters and a lot of money trying to solve in a traditional manner. Now our users are connecting more and more data and using Domo’s full functionality to impact business results.”

To accelerate its time to value, Medius uses Domo’s pre-built connectors to connect its most valuable data sources in minutes, and without requiring IT support. Domo’s Cloud Amplifier allows Medius to get more value from existing tech investments while helping IT maintain data governance, security and compliance.

“When Medius sought out Domo, they knew the problem they were trying to solve, but didn’t realize the solution would revolutionize the way they’re able to serve their customers,” said Mark Maughan, chief analytics officer and SVP of customer success at Domo. “Medius is now able to view, use and transform its data to make a direct impact across the company and propel itself as a leading AP solution provider across the tech industry.”

To learn more about how innovative organizations like Medius are using Domo to put data to work for everyone, visit www.domo.com/customers.

About Domo

Domo puts data to work for everyone so they can multiply their impact on the business. Our cloud-native data experience platform goes beyond traditional business intelligence and analytics, making data visible and actionable with user-friendly dashboards and apps. Underpinned by AI, data science and a secure data foundation that connects with existing cloud and legacy systems, Domo helps companies optimize critical business processes at scale and in record time to spark the bold curiosity that powers exponential business results.

For more information, visit www.domo.com. You can also follow Domo on LinkedIn, X and Facebook.

Domo is a registered trademark of Domo, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627964901/en/

Cynthia Cowen

PR@domo.com

Source: Domo

FAQ

How does Medius use Domo to improve its sales and marketing efforts?

Medius uses Domo to analyze sales and marketing impacts and optimize funnel efficiencies, enhancing lead tracking and revenue analysis.

What is the scale of Medius's operations?

Medius processes over $200 billion in annual spending for more than 4,000 customers across 102 countries.

What were the issues Medius faced before integrating Domo?

Before Domo, Medius struggled with fragmented data across disparate applications, lacking visibility needed for intelligent business decisions.

How quickly did Medius see results after implementing Domo?

Within a couple of weeks of implementation, Medius achieved significant improvements in data connectivity and business impact using Domo.

What advantages does Domo offer to Medius?

Domo provides pre-built connectors, enhances data governance, security, and compliance, and accelerates value realization for Medius.