Source to Contract (S2C) software is a digital solution that helps create more efficient procurement processes. The term encompasses a large portion of the procurement process, from sourcing a supplier to managing agreements with contract management software.
Source to contract software has soared in popularity in recent years and is employed by midsize to enterprise-sized organizations as it reduces costs, strengthens supplier relationships, and streamlines procurement activities.
At Medius, we offer all the parts that comprise source to contract software. You can choose them individually or via our complete source to pay solution – the choice is yours.
Source to Contract refers to the procurement processes companies use when sourcing products or services. It begins with analyzing the product or service and developing a suitable sourcing strategy before advancing to contract negotiations.
S2C is part of the broader source to pay process, which includes Purchase to Pay (P2P). Combined, they cover the entire procurement journey. You can read more about P2P here.
Medius is a leading provider of S2C software. You can choose our complete package
or individual options, allowing you to pick what works best for you.
With Medius Sourcing, you’ll be able to streamline your supplier selection and vetting process to choose only the best supplier for your organization. Using our strategic sourcing suite, you could also benefit from significant cost savings by running competitive tender processes and accelerating your overall sourcing process.
Manage supplier contracts in a single, cloud-based, simple-to-use system designed to empower you with maximum visibility and control. Medius Contract Management removes the need for paper-based contracts and other documents courtesy of seamless integration with third-party technology such as DocuSign.
Maximize impact of ESG initiatives with supplier risk, performance, diversity, and sustainability ratings in an integrated solution.
Increase savings through enhanced visibility into procurement. Recognize the benefits of negotiated rates of an integrated sourcing and contracting solution.
Improve procedural, regulatory, and contractual requirements when you have a single process in a single process to manage contracts.
Rapidly combine your back-office and third-party systems using Medius Connect, which allows you to:
