ORMED X®

- for Merchants
- for Buyers

ORMED X Easy Pay
- for Merchants
- for Buyers

E-TENDERING

Merchants! 

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

Receive accurate invoice payment immediately upon receipt of goods!

What is ORMED X Easy Pay?

ORMED X Easy Pay is an innvoative electronic invoice reconciliation and payment program that streamlines and healthcare supply chain and completely automates the merchant's Accounts Receivable department.

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

How does it work?

ORMED X Easy Pay buyers are granted a pre-determined interest-freee settlement line on Scotiabank's Visa* Commercial Card platform to accommodate their ORMED X Easy Pay purchases without impacting their cash flow for 30 to 45 interest-free days.

Merchants are paid immediately, in full, upon receipt of goods and the electronic matching of the PO, receiving, and invoice. (Everybody wins!)

The merchant's Accounts Receivable function is automated, as is the hospital's Accounts Payable function.

As an ORMED X Easy Pay merchant, you receive exposure to all of Ormed's software users, and have full access to all e-commerce services on the secure ORMED X B2B portal, including:

• Electronic Ordering (Buying and Supplying)
• Electronic Tendering
• Electronic Contracting
• Catalog Management
• Customer Relationship Management
• Banner Advertising
• ERP System Integration
• ORMED X Easy Pay

If you accept Visa, you can access Ormed's special merchant rate from Chase Paymentech Solutions and begin benefiting immediately from the efficienc and market exposure that only ORMED X and ORMED X Easy Pay can provide.

What is ORMED X?

At the heart of ORMED X Easy Pay is ORMED X, the secure B2B portal where authorized merchants and buyers 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.

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

• Receive, edit, and reconcile all electronic POs – FREE on ORMED X
  Fast and easy real-time communication with your customers on every ORMED X Easy Pay order

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

• Import reconciled POs directly into your ERP software
  Save time and reduce errors using industry-standard interfaces

• Receive accurate and immediate payment when the goods are received
  Eliminate invoicing, statements, and collection time, with no payment delays or carrying costs

• Access your pre-approved, all-inclusive Chase Paymentech Solutions merchant rate exclusively for ORMED X Easy Pay transactions
  No separate transaction fees… and no hidden costs to you or your clients

• Invite all of your clients (and your suppliers) to join you on ORMED X for FREE “Easy Pay” commerce
  The more you use ORMED X Easy Pay, the stronger, faster, and more competitive you will become

What makes ORMED X Easy Pay better than every alternative?

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

• Confirm price, quantity, item substitutions, taxes, and delivery terms electronically
  Reduce workload and payment delays by reconciling invoices before goods ship

• You are paid immediately by Scotiabank Visa when your client confirms receipt of goods
  Eliminate invoices, statements, interest, and collection costs

• Your client does not pay Visa for 30 to 45 days – or longer, if preferred
  An exclusive low interest rate reduces your client’s carrying costs while improving cash flow

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

You are pre-approved for ORMED X Easy Pay... and enrollment is fast and easy

Sign up today and make all your Visa transactions e-commerce transactions – with a merchant rate that is lower than you are paying now with e-commerce.

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

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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