The Procurement Bottleneck: Manual Processes Cost Time and Money
Full ERP/S2P supplier onboarding can take weeks.
Yet 70% of suppliers are removed after just 5 years in the system, some are only used once. That's weeks of onboarding effort - for suppliers who won't last.
Most procurement teams are managing numerous problems at once:
- Catalogs in one location
- Sourcing tools in another
- Order management somewhere else
- Buyers finding off-system work-arounds for one-off purchases
For non-catalog purchases - candidate interview expenses, one-off supplier orders, ad-hoc services - the process becomes increasingly manual, error-prone and compliance-risky.
Invisible. Fragmented. Expensive.
The result? Frustrated business users, overwhelmed procurement teams and operational inefficiencies that drain budgets (and reputations).
MarketPay: The Tail Spend Solution Built for Enterprise Scale
MarketPay is Axiom's integrated payment orchestration module, structured as a true disclosed procurement agent. Designed for low-value, high-velocity transactions that don't fit traditional catalog buying, it eliminates supplier master data bottlenecks while maintaining full compliance & control, and delivering the user experience that buyers have been wanting for years.
Critically: Axiom never takes legal title to goods, never holds customer funds, and never assumes commercial risk. The customer retains every direct contractual and commercial relationship with their suppliers. Axiom simply orchestrates the process - fast, fully compliant and built for enterprise scale.
What makes it different?
Integration with Axi - Axiom's agentic AI procurement assistant that transforms complex tail spend workflows into simple, conversational questions.
Ask Questions, Get Instant MarketPay Orders
Axi uses natural language processing to understand your procurement needs and route every transaction through the right compliant MarketPay workflow - automatically.
No training required. No complex navigation. Just ask.
Examples of What You Can Ask Axi:
Raising a MarketPay Order:
- "I need to order from a supplier that isn't in our catalog - what do I do?"
- "Please create a purchase order from this quote" (attach file)
- "Should I use MarketPay or MarketPlace for this purchase?"
Payment and Order Status:
- "What's the status of my MarketPay order with [supplier]?"
- "Track the payment for PO #[number]"
- "Show me all my open MarketPay orders"
- "Has [supplier] been paid yet?"
Compliance and Thresholds:
- "Does this MarketPay order need approval before it's raised?"
- "What's the spend threshold for this type of order in [country]?"
- "Has this supplier passed sanction screening?"
- "What approval workflow applies to this order?"
5 Ways MarketPay Eliminates Errors and Accelerates Orders
1. Quote-to-PO Conversion
Upload a supplier quote. Axi extracts the line items, validates against your company's spending policies, and converts it to a compliant purchase order automatically - eliminating manual data entry from your tail spend process entirely.
2. Smart Purchase Route Optimisation
Not sure if a purchase belongs in MarketPay or MarketPlace? Axi analyses thresholds, supplier availability, and compliance rules and routes the transaction correctly - so buyers never have to navigate the decision themselves.
3. Real-Time Compliance Automation
Every MarketPay transaction is automatically validated against:
- ERP/S2P internal approval workflows
- Supplier KYC/KYB verification and sanctions screening via Axiom's Global Compliance Layer
- Country-specific spend thresholds and customs requirements
- Deloitte-validated tax and regulatory compliance framework
4. Tail Spend Visibility, Finally!
Every MarketPay transaction is automatically captured, categorised, and reported. Real-time Axiom Intelligence by supplier, country and spend type give procurement & finance teams a complete view of tail spend - for the first time.
5. Rapid Supplier Onboarding
New suppliers complete identity verification and KYC/KYB compliance checks in approximately 5 minutes, once per country. All sanctions screening and AML monitoring is built in automatically - no additional compliance resource required from your procurement or finance teams. The result: faster purchasing, without growing your supplier master data.
The Business Case, in Plain English
- Speed to transact: Reduced time-to-buy from weeks to minutes - no more lengthy ERP setup for one-off transactions
- Cleaner ERP master data: All tail spend routes through a single Axiom administrative entry, eliminating supplier master data sprawl and reconciliation headaches
- Full financial control: Client-controlled approval gates before any funds move
- Unified procurement interface: One platform for catalog, sourcing, and tail spend - no toggling between systems, no gaps in visibility
- "Buy on behalf" functionality: Enable Shared Service Centres to maintain compliance across all entities
- Global payment infrastructure: Multi-currency FX supported, with payments executed through a Global Payment Account held in the client's name
- Faster supplier payments: Bank transfer within 1-3 working days upon delivery confirmation
- Zero overhead: Users get up and running without training - just ask Axi
The Right Tool for Every Purchase
When MarketPay is the right choice:
- One-off purchases from non-catalog tail spend suppliers
- Low-value, high-velocity transactions (events, travel, ad-hoc supplies, etc.)
- Quick quote-to-PO conversion
- Moving non-strategic suppliers off your S2P or ERP environment entirely
When to Use Alternative Solutions:
- Items available in existing catalogs → Use MarketPlace
- Long-term strategic supplier relationships → Standard supplier onboarding
- Complex negotiations or multi-round sourcing → Use MarketSource
- High-value recurring orders → Strategic procurement process
How to Start: AI-Powered Procurement in 3 Steps
Step 1: Search Existing Catalogs
Begin in MarketPlace - search all catalogs including punchouts. Axi helps you find items (products & services) across your entire procurement ecosystem instantly.
Step 2: Engage Axi for Non-Catalog Items
When catalog search yields no results, tell Axi what you need:
- Upload your supplier quote → Axi validates and converts it to a compliant PO automatically
- No quote yet → Axi guides you to the right next step and initiates supplier onboarding if needed
Step 3: Automatic Validation and Processing
Axi validates compliance, checks thresholds, routes for approvals, and raises the purchase order instantly - with client-controlled approval gates ensuring no funds move without your sign-off.
Prefer a hands-on approach? The full MarketPay interface is always available for users who want manual control.
Ready to See It in Action?
Most tail spend tools sit outside your procurement stack - disconnected, hard to audit, and easy to ignore. MarketPay is built into Axiom from the ground up, so every non-catalog purchase stays connected, compliant, and visible from day one.
Because the best procurement process is the one no one has to think about.