9th October 2023, Jacksonville, Florida – Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Karim Jouini to Chief Product & Technology Officer and Ahmed Fessi to Chief Transformation & Information Officer.
Following the acquisition of the expense management firm Expensya earlier this year, Karim Jouini, former CEO of Expensya, and Ahmed Fessi, former CIO of Expensya, join Medius leadership.
In his role as Chief Product & Technology Officer, Jouini will be responsible for the innovation strategy for the combined product and engineering teams including the acceleration and integration of AI within Medius’ existing solutions in areas such as autonomous AP, payments, procurement, sourcing, contracts, and supplier onboarding. Fessi, as the Chief Transformation & Information Officer, will be focusing on delivering enhanced value to customers by providing an integrated and optimized data driven culture, with cybersecurity at the core.
Achieving the ambitions of the acquisition of Expensya by Medius will be a key focus for both Jouini and Fessi as they take on their new roles. Karim Jouini holds 17 years of experience in technology, with nearly a decade at Expensya as Co-founder and CEO, handling advanced expense management solutions, and investing in AI-innovation. Expensya developed a leading employee spend management solution and were managed by Jouini as they experienced incredible business growth, especially in the last two years. Ahmed Fessi brings nearly 20 years’ of professional experience holding positions at Ericsson, and Alstam before his role as CIO at Expensya. Fessi brings his past experience on AI, data, transformation, and cybersecurity.
Karim Jouini, Chief Product & Technology Officer at Medius, comments, “I am pleased to navigate the ambitions of the Expensya acquisition and accelerate Medius solutions further. Medius is in an exciting position to continue to integrate artificial intelligence to help optimize processes for our customers. I am excited to be leading the product, design and technology behind Medius solutions, while helping to grow talent across the business in my new role.”
“Maintaining a streamlined digital internal system and building value for our customers is integral to our ambitions as a business,” Ahmed Fessi, Chief Transformation & Information Officer at Medius commented. “Using data, artificial intelligence, and automation to build a strong, stable digital culture at Medius will help us enhance collaboration, improve our operational efficiencies, and optimize our processes. As Chief Transformation & Information Officer, I am eager to continue to provide value and trust for our customers by embracing technology.”
Jim Lucier, at Medius, comments, “The appointments of Karim and Ahmed into their respective leadership roles is integral to our growth and transformation goals here at Medius. Both hold invaluable experience and will bring a considered and ambitious approach to their new roles. As we continue to aim for new heights at Medius, Karim and Ahmed are central to our mission, and will provide us with the efforts and expertise needed to achieve our ongoing goal to provide businesses with a complete view of their financials, now including spend management.”
About Medius
Medius links invoice capture, processing and payment to replace the worry and wondering of managing AP with calm and confidence. Medius goes far beyond basic automation by using artificial intelligence to do most of the work – so invoices get confirmed, coded and paid; AP teams get to go home and rest easy; and businesses can trust their budgets and forecasts. Medius has more than 4,000 customers across 102 countries and processes $180 billion in annual spend through its system. Visit medius.com to learn more.
About Expensya
Expensya eliminates the administrative hassle of processing employee initiated spend. It facilitates companies in empowering their employees to spend independently while maintaining budgetary control. Its innovative solution generates benefits for employees, finance teams, and managers alike , enabling companies to transition from retroactively tracking expenses to pre-approving budgets.
Expensya uses artificial intelligence to eliminate manual data entry and automate the processing of expenses. Expensya is an easy-to-adopt and easy-to-adapt employee spend management solution that offers full control over spending while improving the bottom line of its customers. With a workforce of 200 individuals representing 20 different nationalities spread across 4 countries, Expensya has more than 6,000 client companies and over 700,000 users across 100 countries.