Manage the terms and negotiated item prices of all your local and GPO contracts; enforce contract pricing from the front end of the procurement workflow to the invoice eliminating discrepancies between contracts, purchase orders, invoices and rebates. This tool works in concert with our Marketplace product to deliver increased contract utilization and better compliance. The result is greater recognition of negotiated cost savings, admin fees and rebates. Additionally, this module works with our Exchange to ensure each purchase transaction is compliant with the specific contract terms and commitments; helping you realize more of the savings opportunities negotiated into your contracts.
Marketplace maximizes the amount you achieve in savings by driving users to the right product, at the right price; giving contract transparency at the point of requisition. Marketplace simplifies the requisitioning process; give your supply chain practice greater control to direct spend to the preferred source at the best price. Marketplace helps you influence each of the thousands of purchasing decisions being made every day across your organization resulting in an overall cost reduction for supplies, purchased services, IT and capital purchases. By effectively driving contract utilization at the point-of-requisition, health systems are assured that the right items are being purchased from the right vendors at the right price. Plus, Marketplace makes it easier for your Requesters to process their requests, so they can quickly return to their primary caregiving responsibilities.
Data Hub gives users the confidence that each requisition line conforms to the purchasing policies of the organization. With its flexible approval workflow engine, Data Hub can be configured to follow ideal requisition paths for broad visibility and maximized savings realization.
Xchange enforces transaction compliance with the contract price while scoring overall Vendor performance across the PO to Invoice lifecycle. Additionally, this tool helps your teams see where the problems are, as they occur, so that they can efficiently take appropriate corrective action; eliminating costly manual processes in your supply chain and finance groups. The bottom line is a lower cost per transaction and greater visibility into supply chain performance.