Unlock procurement efficiency with revolutionary source to contract software
Source to contract software is a digital solution that helps create more efficient procurement processes. The term encompasses a great deal of the procurement process, starting with sourcing a supplier all the way to managing agreements with a contract management software.
It’s become popular in recent years with midsize to enterprise sized organizations because it reduces costs, helps build better supplier relationships and streamlines procurement activities.
At Medius, we offer all the parts that make up source to contract software. You can take them in isolation or our entire source to pay solution – the choice is yours.
The source to contract process explained
Source to contract (S2C) refers to the process that takes place before buying a good/service. It’s part of what’s called strategic sourcing and is made up of several steps:
Analyzing product or service needs
Sourcing and selecting suppliers
Negotiating and managing contracts
Medius source to contract features
Medius is a leading provider of S2C software. You’ll be able to get it as a complete package or take it as individual options – giving you the flexibility to choose what works best for you.
With Medius Sourcing you’ll be able to streamline your supplier selection and vetting process to choose only the best supplier for your organization. You’ll be able to drive significant cost savings by running competitive tender processes and speeding up your overall sourcing process, using our strategic sourcing suite.
Medius Contract Management
Manage supplier contracts in a single, cloud-based, simple-to-use system designed to empower you with maximum visibility and control. Medius Contract Management is your solution to these issues and helps you remove the need for paper-based contracts and other documents with its seamless integration with third-part technology such as DocuSign.
Benefits of source to contract software
With Medius, it’s easy to manage your entire source to contract process. Our technology is designed from the ground up, utilizing the latest principles in UX and UI to ensure it’s easy for you and your people to use and adopt quickly.
Our source to contract technology is fully scalable and designed to flex with your business needs. If you need a larger scale solution, we’ll be able to support that quickly. In addition, Medius has 12 releases for its products every single year, ensuring we utilize your feedback to keep our products up-to-date.
With many enterprise solutions now based in the cloud, it’s imperative they’re secure. At Medius, we’ve invested heavily in technologies to ensure your data is safe and secure. We’re compliant with ISO/IEC2 7001 along with a raft of other accreditations.
All of Medius’ technology is cloud-based, ensuring you’ve always got access to your sourcing and contract management tools at any time. It also means you’ll be able to work remotely, empowering your workforce to work wherever they want. Finally, our software supports a multitude of languages, ensuring staff can work with whatever language suits them best.
Integrate source to contract software with your back-office ERP or other value add third party software
Rapidly bring together your back-office and third-party systems using Medius Connect. It features:
- Implement any Medius solution, including Medius Procurement as part of Medius Spend Management
- Manage a stable integration with your ERP, using pre-built connectors