End maverick spend with eProcurement software
Buy what you need, whenever you need it, from the right place, at the right price. Medius Procurement is our eProcurement package that'll bring all your spend under control and ensure compliance.
State of ePayables Report 2021
Ardent Partners present a comprehensive, industry-wide view into the happenings, trends and challenges in the world of accounts payable.
WWF on automating procurement processes
WWF has taken their procurement processes online, leaving a better audit trail and improved reporting with the help of Medius Procurement
Why Medius Procurement?
Total, organization-wide spend control
Reduce maverick spend, enable seamless buying on negotiated contracts and see your savings skyrocket
Make it easier to spend – the right way
Automate purchase approvals and generate POs for automatic distribution that track against compliance and budgets
Track all spend, simplify auditing and boost compliance
See exactly where your spend is going with easy-to-access dashboards helping you stay on top of all buying activities
Medius Procurement features
Consumerized buying, tailored to you
Search for what you need using our sophisticated search feature. If you prefer browsing, punchouts to third-party catalogs allow you to add items to a shopping basket, to be then pulled back into requisition, and entered in your pre-designed approval process.
Route approvals to the right people, wherever they are
Set up approval workflows and permissions to ensure the right people approve purchases in your business. Make it easy for staff to sign-off spend by sending automated approval emails, with accept/reject buttons (all without having to log in).
Reduce manual processing; save time and cost
Remove the need to manually send purchase orders to your suppliers. Instead, raise a purchase order, receipt goods, automatically process invoice, and allow suppliers to be paid - without your finance team lifting a finger. It's that simple!
Full visibility of spend helps you make better decisions
Meaningful and detailed data – delivered in real-time through configurable dashboards. Drill down into specific transaction details, interrogate an entire spend category or put an entire department under the microscope - it's up to you!
Integrate Medius Procurement with your back office
Rapidly bring together your back-office and third-party systems using Medius Connect. You'll be able to:
- Implement any Medius solution, including Procurement, and then set up connectivity with your ERP or back office system
- Manage a totally hands-off integration, free of continuous IT involvement
- Utilise a flexible REST API that's easy-to-use
Join these organizations who depend on Medius to spend smart
Magdalena was very nice and helpful even though we kept adding more to the ticket for several days in a row. She helped us out really quickly. Thank you!
Ivana Buden
Dellner Couplers
We’ve got peace of mind that our suppliers are financially secure, ethically sound, and able to deliver the products, services and quality we need.
Neil Woodyet
Senior Buyer, Dealers & Indirect Goods & Services at Belron UK Ltd
Magdalena was very nice and helpful even though we kept adding more to the ticket for several days in a row. She helped us out really quickly. Thank you!
We’ve got peace of mind that our suppliers are financially secure, ethically sound, and able to deliver the products, services and quality we need.
What is eProcurement software?
eProcurement is a process of requisitioning, ordering, and purchasing goods/services via the internet. At enterprise level, a chief procurement officer will set policies for procuring goods and services for the business, with a goal of getting what the business needs for the best possible value. To accomplish this, there are several actions to take, such as: establishing supplier relationships, negotiating contracts, and setting purchase limits.
eProcurement software gives procurement leaders the ability to streamline and, in some cases, automate these policies, alongside vendor contracts and relationships in one system. It also enables employees to look through any catalogs and select the items they need in one centralized digital hub, instead of an elongated manual process.
Users of eProcurement software can manage purchases based on permissions set by an admin, enabling buying professionals to manage delegating responsibilities more accurately. Any supplier contracts can also be stored alongside the vendor’s contact information, and payment terms, making managing relationships easier.
Why use eProcurement software?
The main function of any eProcurement tool is to streamline and optimize existing operations. It does this by reducing errors and enhancing efficiency by making the processes easier. It also improves communications between companies, suppliers, and stakeholders.
Managing procurement efficiently ensures that business operations will run more smoothly. Proper procurement strategies can make sure that all products and services are effectively acquired with best business interests in mind. It can also help to save time, money, and resources.