S2P PLATFORM
MEREDIAM Source 2 Pay
MEREDIAM Source 2 Pay
Merediam can be configured with multiple agreement clauses under different heads. These clauses can be selected and added to compile standard contracts. Compiled contracts can go through an approval flow to arrive at the final version.
A structured contract registration allows you to proactively manage suppliers, validate contract-related costs and performance, ensures timely contract cancellation or change, and delivers valuable information to improve contracting policies. Setting up your contract management repository starts with an inventory of contract categories, such as activity based contracts, performance contracts, or framework agreements and the contract applications including maintenance, services, procurement, lease, or any other.
Deadlines for milestones can be configured in calendar format in MEREDIAM. Documents pertaining to tasks related to each milestone are made available to all stake-holders.
Organizations without control on contractual obligations, both internal and external, are at high risk and not in full control of supplier obligations, associated costs, contract terminations or regulatory compliance.
MEREDIAM sends intimation to all stake-holders of approaching deadlines. Multiple alerts can be configured for any task at different schedules.
Intimation about defaulted compliances can be sent to stake-holders from a pre-configured escallation chart.
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.
