ORMED X®

- for Buyers

Buyers! 

Experience the benefits of full e-commerce and completely automated Accounts Receivable

Issue a single payment for all your purchases and pay only for the goods you receive!

What is ORMED X Easy Pay?
ORMED X Easy Pay is an innovative electronic invoice reconciliation and payment program that streamlines the healthcare supply chain and completely automates the Accounts Payable department.

Evolving from the popular purchasing card (P-card) model, ORMED X Easy Pay fully enables real-time, two-way communication throughout each transaction, and reduces costs for buyers and merchants alike by eliminating unnecessary steps, errors, and reconciliation work.

From source to settlement, everyone shares a single electronic document. Transaction information is entered once and evolves from one business process to the next, electronically updating your purchasing and payable systems with accurate invoice information.

How does it work?

ORMED X Easy Pay buyers are granted a pre-determined interest-free settlement line on Scotiabank's Visa* Commercial Card platform to accommodate ORMED X Easy Pay purchases. Without impacting your cash flow for 30 to 45 interest-free days (or longer, at a competitive rate), merchants are paid immediately upon receipt of goods and the electronic matching of the PO, receiving, and invoice. In response to an electronically reconciled statement you'll receive monthly, you issue a single payment to cover all of your ORMED X Easy Pay purchases -- instead of hundreds or thousands to separate merchants each month.

Your Accounts Payable is automated, as is your merchants' AR.  (Just imagine the time savings!)

Plus, ORMED X Easy Pay buyers qualify for a cash rebate on every ORMED X Easy Pay transaction. At your option, you can apply your rebate toward the purchase of fully integrated Ormed AP and MM software.

As an ORMED X Easy Pay buyer, you have full access to all services on the secure ORMED X B2B portal that increase efficiency from source to settlement.

What is ORMED X?
At the heart of ORMED X Easy Pay is ORMED X, the secure B2B portal where authorized buyers and merchants can quickly and easily conduct e-commerce transactions in real-time.

ORMED X drives value throughout the supply chain by eliminating manual data entry and errors, sharing all information electronically in real-time, and dramatically streamlining business transactions by reducing or eliminating manual steps from sourcing and contracting straight through to payment. Everything occurs online, and nearly everything is automated. (Click here for further information on ORMED X.)

Get ORMED X and ORMED X Easy Pay working for you

- BUSINESS PROCESS EFFICIENCIES -- Click here for details from source to settlement

- ORMED X EASY PAY HIGHLIGHTS

Free of charge to ORMED X Easy Pay Buyers at the ORMED X B2B portal:

• Issue, edit, and reconcile orders and payments in seconds
  Fast and easy real-time communication with your merchants on every ORMED X Easy Pay order

• Electronically receive and confirm price changes, quantity, item substitutions, and delivery terms
  Reduce workload and delays by reconciling invoices and payments before goods ship

• Invoice coding and reconciliation is electronically completed before payment is made
  Reduce errors, time, and overall AP workload

• Issue a single payment to cover all purchases through ORMED X Easy Pay
  Reduce bank reconciliation time and payment costs by going from thousands of payments to one

• Float payables for 30 to 45 days FREE – or carry beyond at a competitive (operating line) rate
  Pay merchants immediately while improving your cash flow

• Invite all of your merchants to sign up for ORMED X Easy Pay
  The more purchasing you do through ORMED X, the easier, faster, and most cost-effective your purchasing, payables, and payments will become

What makes ORMED X Easy Pay better than every alternative?

• You and your merchant share a single source-to-settlement document
  Information is entered once and shared, so the need for repetitive data entry and reconciliation is eliminated

• Price, quantity, item substitutions, taxes, and delivery terms are electronically confirmed
  Reduce workload and delays by reconciling invoices and payments before the goods ship

• Your PO, shipping notice, receiving, and invoice are electronically reconciled before payment is made
  Four-way matching increases accuracy and allows for faster, more efficient business

• The merchant is paid immediately when you confirm receipt of goods… but you don’t pay ‘til later
  The merchant benefits from immediate payment but you have 30 to 45 days to pay your Visa bill

• You issue a single payment to Scotiabank Visa each month, instead of thousands to all vendors
  Minimize bank reconciliation time and errors, along with other payment costs

• Transaction communication occurs online in real-time
  Fast and easy interaction through every transaction (no faxes, phone messages, voice mail, or delays)

Enrollment is fast and easy.

Sign up today and make all purchasing transactions e-commerce transactions – with all the bells and whistles you’d expect from a full e-commerce solution.

(If your organization also sells supplies and equipment to clients, click here to learn how ORMED X Easy Pay works for merchants.)

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ORMED X is at the heart of the ORMED X Easy Pay system

Experience the dynamic power of a supply chain seamlessly integrated from source to settlement:

Ormed Materials Management

Ormed Accounts Payable