| Buyers! Experience the benefits of full e-commerce and completely automated Accounts Payable Make your business process more efficient from source to settlement As an ORMED X Easy Pay buyer, you have full access to all services on the secure ORMED X B2B portal.
Full-color merchant catalogs with product descriptions, pictures, and prices are readily accessible 24/7 at the ORMED X portal, significantly reducing errors, delays, and confusion. Requisitioning or purchasing is a simple matter of point-and-click to drop items into the electronic Requisition or PO. Issue unlimited electronic requisitions, and issue, edit, and reconcile unlimited electronic POs. Electronically receive and confirm price changes, quantitiy, item substitutions, taxes, and delivery terms, and reconcile invoices and payments before the goods even ship. POs and payments are pre-reconciled to reduce invoice reconciliation and payment delays.
Electronic Contracting The natural evolution of the elctronic tender is to use ORMED X electronic contracting to lock-in transaction details for future transactions. It's also the best way to secure mutually beneficial relationships with merchants or choice and clean up ongoing POs, invoices, and payments. ORMED X allows you to easily convert tender documents into contracts that lock-in long-term prices and commitments and effortlessly upload to ORMED X the pertinent details (e.g., pricing) that are specific to your hospital, region, or group purchasing organization. ORMED X contracting tools automatically verify each order as it passes through the exchange, keeping your transaction data clean from PO to payment. You can automatically enforce compliance to existing contracts and put more items on contract. Easy-to-use ORMED X contracting tools prevent maverick spending to help you qualify for all available discounts and premiums in roder to reduce the cost of supplies and equipment. And, as with all ORMED X information, everything is secure, so your privacy is guaranteed.
Electronic Tendering Say "Goodbye!" to lengthy, paper-heavy tendering on both sides of the process. With ORMED X e-tendering, everything occurs online and in real-time, increasing efficiency from request development to final contract award. With ORMED X Easy Pay, you have online access to any merchant in the world, and it's as easy for you to issue electronic tender documents and objectively analyze and compare all responses electronically as it is for merchants to receive and respond quickly to your electronic request. Issue unlimited electronic RFPs and RFQs and invite any merchant to respond by as "low-tech" as an email account. Receive consistently formatted responses that comply with your request, simplify your response analysis, and use automated contract awarding and notification to save time and reduce costs dramatically.
Group Purchasing Organization To fully reduce your cost of supplies and equipment, join or create your own buying community to consolidate demand, qualify for greater volume discounts, and achieve economies of scale that reduce the manual work of tendering, contracting, and purchasing for all members. All the tools you need for time- and cost-saving group purchasing are at ORMED X:
ERP System Integration One of the cornerstones of ORMED X and the ORMED X Easy Pay system is the single electronic document everyone shares from source to settlement. Information is entered once, then shared and updated by all authorized stakeholders, taking each e-commerce transaction requisition and tender all the way to payment. ORMED X gives you the option of accessing services through your Internet browser, or you can integrate ORMED X directly to your internal ERP system. With the entire business process automated and integrated, manual data entry sharply declines, the potential for errors is reduced, and payment and reconciliation costs become a thing of the past.
Electronic Reconciliation and Payment Using Ormed's purchasing and payment systems, you do not need to worry about such things as invoice entry, coding, and reconciliation. All of this is electronically completed and confirmed before payment is made, reducing errors, time, and work for both Accounts Payable and Accounts Receivable. Automated accounting and integrated e-commerce let you reconcile the transaction before the goods ship. Electronic adjustments automatically update the PO throughout the spend transaction, speeding payment and reducing workload by eliminating manual invoice coding, reconciliation, and payment. Accurate and immediate payment of ORMED X Easy Pay merchants (via Scotiabank's Visa* Commercial Card platform) is completed upon receipt of goods and the electronic matching of the PO, receiving, and invoice. You only pay for the goods you actually received, and paper invoices and statements, interest, payment delays, collection costs, and carrying costs that typically increase spend transaction costs are completely eliminated.
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,
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ORMED X is at the heart of the ORMED X Easy Pay system
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