Improve spend visibility and control with a complete purchase to pay solution
Bring order and structure to your purchasing process with our end to end, web-based, purchase to pay (P2P) software suite. Medius Spend Management is designed to help you find the right products from the right suppliers at the right prices. It’ll also drastically reduce the need for manual tasks, such as data entry and monitoring and reviewing agreements - helping you save money, time and effort - while working seamlessly with your back-office.
Detailing the purchase to pay process
Purchase to pay, also known as procure to pay, is a term that refers to the process of buying a product/service all the way through to making the actual payment. It’s a multi-stage process and is made up of several phases:
- Creating a purchase order
When you raise an order for an item/service
- Budget authorization
Approval from relevant stakeholders to spend on a particular budget
- Receipt of delivery
Step to ensure item has been received and is in good order
Payment instructions from your supplier
You can find out more about the purchase to pay process here.
Medius purchase to pay features
Medius provides market-leading software that fulfills all steps of the P2P process. Key features include:
Medius Procurement, our buying solution, makes it easy to purchase what you need. It embeds fundamental elements of your favorite eCommerce sites such as adding items to a basket, checkout and so much more.
It’s a similar story when you’re ready to pay. Medius AP Automation uses market-leading AI to actively predict what code to assign to invoices, so you don’t even have to think about it.
Medius’ Source to Pay software allows you to get all your suppliers and their associated details into one place, ensuring you’ll always have a wide breadth of suppliers to choose from.
It’s simple to compare goods and services in Medius Procurement, helping you choose the goods that work best for you and your budget
Any Medius product is designed to be integrated easily with third-party systems such as ERPs, MRP or other parts of your technology stack. It’s all powered by Medius Connect, our innovative technology that uses pre-configured connectors to bring together third-party systems with our solutions.
It’s challenging to get an overview of your P2P process functions. However, bundled with Medius’ purchase to pay solution is a number of configurable dashboards to give you real-time insights into how your buying process works.
What’s more, you’ll be able to customize these dashboards and reports to deliver the detail you need to help you make smarter purchasing decisions like spotting bottlenecks, overly expensive items and much more.
Benefits of purchase to pay software
Our purchase to pay software will help you eliminate maverick spend by improving buying compliance across your whole organization. Instead of using disparate suppliers to purchase goods based on ad-hoc agreements, you’ll benefit from a system that structures and centralizes your buying process, ensuring everyone gets goods/services from pre-arranged agreements.
Medius Spend Management helps you become more efficient at your job because it automates so much of the purchase to pay process. From automatically raising purchase orders, to predictive coding and invoicing, to helping process invoices seamlessly.
Drive supplier adoption
Your suppliers will love using Medius! Our system allows suppliers to simply onboard themselves and upload all their details into our online portal, saving valuable time.
Integrate purchase to pay software with your back-office
Rapidly bring together your back-office and third-party systems using Medius Connect, which features:
- Implementation of P2P (or any Medius solution), to connect with your ERP or back-office system
- Utilization of pre-built connectors to manage a stable integration with our ERP
- Monitoring the connection between Medius solutions and other software in a graphical interface