Why Medius Supplier Information Management?

Banish collecting supplier details manually Icon
Banish collecting supplier details manually

Save yourself a headache by getting your suppliers to onboard themselves quickly and efficiently via our online portal

Reduce risk of fraudulent payments and suppliers Icon
Reduce risk of fraudulent payments and suppliers

Validate credentials during the supplier onboarding process to scrutinise changes to bank details, boosting compliance

Understand suppliers better than ever Icon
Understand suppliers better than ever

Keep records of all supplier communications, configure reporting dashboards, and integrate with third-party suppliers like Dun & Bradstreet to intimately understand vendors

Medius Supplier Information Management features

Self-service supplier onboarding saves time and cash Image

Self-service supplier onboarding saves time and cash

Easily build supplier registration forms (SRFs) to capture key vendor information quickly and efficiently. Set up automated alerts and triggers to notify you of anomalies or discrepancies in supplier details so you can decide what to do next.

Self-service supplier onboarding saves time and cash Image
A single cloud-based place for all supplier data Image

A single cloud-based place for all supplier data

Once suppliers have entered their details into our system, it’s stored in a secure cloud-based supplier data management system, where only you, and those you’ve authorised, will be able to access it. Vendors can update their details at any time, so you don’t have to.

Powerful third-party integrations reduce risk Image

Powerful third-party integrations reduce risk

Medius Supplier Information Management integrates seamlessly with many market-leading data service providers such as Dun & Bradstreet, to provide powerful risk-reducing functionality in supplier data management.

Powerful third-party integrations reduce risk Image
Detailed dashboards and reporting keep control Image

Detailed dashboards and reporting keep control

Understand your suppliers better than ever, with comprehensive dashboards and real-time reporting. Get a high-level view while also diving deep into details such as insurance certificates, policy documents, and much, much more.

Integrate Medius Supplier Information Management with your back office

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Rapidly bring together your back-office and third-party systems using Medius Connect. It features:

  • Implement any Medius solution, including Supplier Information Management, and then set up connectivity with your ERP or back office system
  • Manage a stable integration with your ERP, using pre-built connectors
  • Monitor connectivity between Medius solutions and other software in a graphical interface.
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Customers who depend on Medius to simply manage spend

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Customers who depend on Medius to simply manage spend

What is supplier information management?

Supplier information management, or SIM, is a system that enables businesses to efficiently retrieve, organize, and manage supplier information, maximize supplier engagement, and improve data quality across a global supplier base.

SIM works by creating a standardized supplier relationship process and a central view of all supplier information. It also provides a single source of accurate real time data, allowing a business to improve supplier compliance, performance, and benchmarking. SIM helps to improve the collaboration of different departments and minimizes the risk of working with any non-approved suppliers.

When implemented effectively, SIM software is a hyper-efficient process capturing comprehensive information and making it easily accessible by different stakeholders and decision makers throughout the business.

Benefits of SIM software

Maximise supplier data

Because supplier information is collected and put in one place, a supplier information management solution allows for a rich supplier data set including every piece of information necessary, such as risk metrics, capabilities, and accreditations.

Automatic supply chain compliance

SIM can employ automated alerts to ensure suppliers keep key metrics and documents up to date, as well as prompting for any new certifications as their current ones near their expiry date. It can also put any non-compliant vendors on hold until any problems are resolved.

Single data source

Instead of having multiple departments with different data, a supplier information management system provides a master data set that can feed into any other systems automatically. This means you don’t have the same information stored twice and keeps the data in sync across all business systems. It also reduces the risk of manual error in these circumstances.

Cost-cutting

SIM empowers suppliers to provide any information that the business needs, typically via self-service online portals. These portals can allow businesses to securely capture the core account information and adds to that data to create a detailed picture of supplier capabilities. This is all done automatically, therefore requiring less manual work from different departments.

See what our customers have to say

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The Coventry Building Society Source to Pay Case Study Listing Image

See what our customers have to say

Like detail? Download our brochures

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Like detail? Download our brochures