Medius Procurement

Medius Procurement is an eProcurement package designed to assist organizations in gaining control over their spending and ensuring compliance. According to the vendor, this solution is suitable for small, medium, and large-sized companies across various industries. Finance professionals, procurement professionals, IT professionals, as well as those in the manufacturing and retail sectors, are said to benefit from Medius Procurement's capabilities.

Key Features

Spend Control: According to the vendor, Medius Procurement aims to help organizations reduce maverick spending and negotiate favorable contracts. It provides organization-wide spend control, allowing businesses to effectively track and manage their spending.

Automated Buying Processes: Medius Procurement is designed to automate buying processes, including workflow approvals and generating purchase orders (POs) for automatic distribution. The vendor claims that it streamlines the purchasing process, making it more efficient for users.

PO Match Invoices: The vendor states that Medius Procurement increases straight-through processing rates by matching invoices to purchase orders, improving control and compliance. This feature aims to streamline invoice processing and reduce manual intervention.

Sophisticated Search: Medius Procurement offers a sophisticated search feature that allows users to easily find desired items. Users can search for specific items or browse through third-party catalogs using punchouts, adding items to a shopping basket for approval.

Approval Workflows: Medius Procurement enables users to set up approval workflows and permissions to ensure appropriate approvals for requisitions and purchases. According to the vendor, automated approval emails simplify the process for approvers.

Integration with Medius AP Automation: By integrating Medius AP Automation with Medius Procurement, businesses can automate the entire procure-to-pay process. The vendor claims that this integration eliminates the need for paper purchase orders and improves overall efficiency.

Configurable Dashboards: Medius Procurement provides detailed data through configurable dashboards, offering users full visibility of spend. Users can drill down into specific transaction details or review an entire spend category for comprehensive spend analysis.

Medius Connect: According to the vendor, Medius Connect enables rapid integration of back-office and third-party systems. It seamlessly integrates with catalogs or other supplier marketplaces to facilitate the procurement of goods and services.