The Coventry Building Society Source to Pay case study

Offering savings and mortgage options to customers across the UK, Coventry Building Society manages over $49bn on behalf of 1.8 million members. As the business grew, Coventry needed to improve management of its supply chain from initial sourcing to supplier relationships and risk management. Find out how their goals were accomplished with Medius.

Coventry Building Society case study cover

Procurement success story

Background on Coventry Building Society and their set-up

Benefits of Medius Procurement

  • Better visibility of organization-wide spend enables informed decision making
  • Elimination of manual ordering and invoicing processes
  • Managing 1500 contracts and 1200 suppliers

Who is Coventry Building Society?

Coventry is the UK’s third largest building society. As a financial services institution, it offers a broad range of savings and mortgage products.

What was the challenge?

Contracts were being managed manually in various locations. Operating in a tightly regulated industry, Coventry required an automated and streamlined procurement process.

How did we help?

Automating the procurement cycle eliminated manual processing of orders and invoices. With three-way matching, errors are eliminated and overhead has been reduced for the accounts team.

"Medius is now fundamental in giving the procurement team a bird's eye view of all purchasing at our fingertips. Access to this real-time data enables us to make informed business decisions moving forward and ensure our supply chain continues to offer us a quality service at best prices."

Head of Procurement
Coventry Building Society

Positioned for success

  • Elimination of all manual ordering and invoicing processes
  • Faster, more efficient sourcing processes and better control of all procurement activity
  • Connected view of all supplier data, relationships and activities

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