S2P PLATFORM

Payment Process

MEREDIAM Source 2 Pay

MEREDIAM Source 2 Pay

Sourcing Management Platform

MEREDIAM SOURCE 2 PAY

Payment Process

Once the terms of a Purchase Order are met, finance department needs to be intimated of the same.

Once the vendor uploads his invoice into Merediam, the finance department gets notified. The approvers can then check the status of completion of PO commitments, can authorise payment.

Mobirise

01

Goods Receipt

Items that passed the quality checks are flagged in the system for acceptance. These items are reviewed by approving authorities and they can authorise for adding the items to inventory or asset books.

Mobirise

02

Invoice Submission

Vendors can log into MEREDIAM and submit their invoices against specific purchase orders. They can specify delivery details against the purchase orders under consideration.

Mobirise

03

Payment Approval

Submitted invoices can be checked for goods / service delivery by stores department. It then gets authorised by the requester and other configured approvers. Once the approval process is completed, the payment is ready to be made.

Mobirise

04

Payment

Payments are made outside the MEREDIAM system. Payment details are captured in the system and intimations are sent to all stake-holders at different stages of payment process.

430

+

EMPLOYEES

140

+

CUSTOMERS

300

+

PROJECTS

25

+

YEARS OF EXPERIENCE

MEREDIAM is a cloud based Global Sourcing Platform that provides greater spend efficiency while reducing costs. MEREDIAM streamlines all aspects of the sourcing process.

Multiple modules can be plugged into the MEREDIAM platform based on requirements. This makes rapid implementation with high scalability.

Customers

HONEYWELL

BRIGADE

TESCO

PAYTM

GE

FINCARE