Integration
MEREDIAM can use web services, flat files or views to integrate with all standard applications. Two way communication between MEREDIAM and customer's supply chain will ensure In-Time purchases and maintain inventory thresholds.
S2P PLATFORM
MEREDIAM Source 2 Pay
MEREDIAM Source 2 Pay
MEREDIAM can use web services, flat files or views to integrate with all standard applications. Two way communication between MEREDIAM and customer's supply chain will ensure In-Time purchases and maintain inventory thresholds.
Threshold for different products can be configured. Also, quantity for automatic purchase can be configured in MEREDIAM. Using this data, purchase requests can be auto-generated.
Once PR is auto generated based on inventory threshold data, the system searches for vendors with open purchase orders for the specific item. If multiple vendors are available, the system sends PRs with data of eligible vendors for approval.
Alerts are sent to approving stake-holders of pending requests. These alerts can be configured to be sent at specific intervals until authorisation tasks are completed.
Multiple levels of approval can be configured based on asset group, cost center and purchase value. Data of remaining budget under different categories can be made available to approving stake-holders.
On successful approval, Purchase Order with agreed terms will be raised and sent electronically to selected vendors.
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.