A seamless source to pay solution to help your procurement processes
Source to pay (S2P) describes class-leading spend management solutions to simplify and optimize the entire process, from sourcing suppliers to paying invoices.
Source to pay (S2P) software, like Medius Spend Management, brings visibility and control over the entire procurement lifecycle in one simple to use package, helping you save on spend, boosting organizational-wide compliance and making your procurement processes more efficient.
Detailing the source to pay process
The source to pay process covers the entire procurement lifecycle, including elements from source to contract and purchase to pay. Steps include:
- Analyzing product or service needs
- Sourcing and selecting suppliers
- Negotiating and managing contracts
- Creating a purchase order
- Budget authorization
- Receipt of delivery
- Invoicing
You can find out more by visiting our sourcing page.
Medius source to pay features
Medius source to pay software is available as a complete solution or as separate modules. These are:
Medius Sourcing
Optimize all your sourcing acitivites using accurate and timely data to select the best suppliers. You’ll enjoy cost savings, get total visibility over all tender activities and speed up your sourcing process – all in one simple to use source to pay solution. Find out more here.
Medius Procurement
Buy whatever you need, whenever you need it, from the right place at the right price. Medius Procurement is an eProcurement solution that’s designed from the ground up to get all your spend in one place and make sure that it’s all compliant. Read more here.
Medius Contract Management
Digitize your entire contract management process to ensure maximum visibility or control of all supplier agreements. Use powerful automation features to set reminders, alerts and more for key contract details. Click for more details.
Medius AP Automation
Medius AP Automation is our industry leading invoice processing solution that combines clever AI and machine learning to make it seamless to process digital and paper-based invoices in one simple-to-use system. With all your payments in one place, gain visibility and control over your AP function. Find out more.
Medius Pay
Issue supplier payments with a single automated process regardless of payment method – Medius Pay takes care of all your check, ACH and card payments in one system.
Medius Sourcing
Optimize all your sourcing acitivites using accurate and timely data to select the best suppliers. You’ll enjoy cost savings, get total visibility over all tender activities and speed up your sourcing process – all in one simple to use source to pay solution. Find out more here.
Medius Procurement
Buy whatever you need, whenever you need it, from the right place at the right price. Medius Procurement is an eProcurement solution that’s designed from the ground up to get all your spend in one place and make sure that it’s all compliant. Read more here.
Medius Contract Management
Digitize your entire contract management process to ensure maximum visibility or control of all supplier agreements. Use powerful automation features to set reminders, alerts and more for key contract details. Click for more details.
Medius AP Automation
Medius AP Automation is our industry leading invoice processing solution that combines clever AI and machine learning to make it seamless to process digital and paper-based invoices in one simple-to-use system. With all your payments in one place, gain visibility and control over your AP function. Find out more.
Medius Pay
Issue supplier payments with a single automated process regardless of payment method – Medius Pay takes care of all your check, ACH and card payments in one system.
Benefits of source to pay software
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Improved visibility and control
Utilizing an S2P platform gets you a complete view of the procurement process, starting with sourcing, purchasing, supplier management, all the way through the payment, in one system. It’s also designed to boost compliance and control within your organization.
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Negotiate better deals
You’ll be able to negotiate better deals with a source to pay system, as you’ll gain access to supplier data in a single place, but also, you’ll be supported by dashboards of key details, including risk metrics and financial information, helping you make smarter decisions.
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Free up time to focus on what matters
Source to pay automation ensures you’ll have more time to focus on other more important activities, instead of tedious manual chores.