Reducing Procurement Costs While Improving Quality - Sponsored Whitepaper

This white paper details the loaded costs of the traditional healthcare supply chain and examines a new paradigm driven by state of the art ecommerce. The automated and integrated ORMED X Easy Pay ™ process converges business processes and employs a single, shared, electronic document from source to settlement. Without impacting the buyer’s cash flow for 30 to 45 days, Easy Pay facilitates the immediate payment of merchants upon receipt of goods and electronic matching of the PO, receiving, and invoice. Easy Pay reduces supply chain costs by accelerating spend transactions and increasing process efficiency. It enhances service quality by reducing errors and delays. A dynamic supply chain model, it improves value by reducing spend transaction costs while boosting staff productivity, and was developed and implemented collaboratively by thought leaders in integrated healthcare MIS software, banking, and payment processing.