Annapolis, MD, November 03, 2009 --(PR.com
)-- Today, the University System of New Hampshire (USNH) -- the 30,000 student public University system consisting of the University of New Hampshire, Granite State College, Keene State College, and Plymouth State University -- and Unimarket, the global leader of collaborative eProcurement solutions, announced the signing of an agreement to implement cost recovery capabilities. USNH will utilize Unimarket’s collaborative technology to address specific cost recovery measures that are highly relevant not only for USNH, but within all institutions faced with the economic pressures existing in higher education today.
Like most colleges and universities today, USNH is resource constrained due to the economic crisis of the past several months yet remains committed to providing an exceptional educational experience and high quality services for its many students attending programs on four campuses, online and in extension programs. USNH’s administrative team selected Unimarket over other eProcurement providers as the System needed more than just core on-demand eProcurement to achieve the savings required – with Unimarket’s additional buyer and supplier driven collaboration capabilities, combined with the automated social networking and workflow across institutions, these savings can be achieved rapidly.
“We see tremendous synergies between our organizations as we tackle these tough times” said Ken Cody, the Chief Financial Officer of the System. Cody reports that his charge to his administrative team was to bring real creative thinking in finding solutions that result in significant cost recoveries without reducing campus services. “We have a strong project and resource plan in place to guide this USNH-Unimarket team effectively in order to rapidly realize benefits.”
Scott Blackwood, CEO of Unimarket, remarked on the leadership of the System in focusing on cost control, while also improving vital campus services through innovation. “This is a System whose DNA is all about improving the administrative aspects of running college campuses. As with many of our customers, they are not only requiring controls and compliance, but also need to do more with less – whether sourcing, procuring or managing spend,” said Blackwood. Blackwood also cited the USNH Chancellor, Edward MacKay, who was this year’s Distinguished Business Officer of the Year, awarded by NACUBO, the national association of college and university business officers. “They are not resting on their laurels, but continue to hunt for ways to improve the campus operations.”
About USNH: Headquartered in Durham, New Hampshire, USNH enrolls over 30,000 students at its multiple campuses state-wide, including the University of New Hampshire, the state’s land-grant, sea-grant and space-grant institution. Sponsored research volume exceeds $120 million annually while the overall budget exceeds $800 million. With over 4,300 full-time faculty and staff, procurement activities are highly distributed throughout USNH and currently utilize the SunGard Banner Finance system and an extensive PCard program.
About Unimarket: Located in Annapolis, Maryland, Unimarket provides software on demand solutions to streamline procure-to-pay operations and achieve cost savings within and across organizations. Customers tailor user-friendly buying portals for decentralized purchasing that drives compliance to selected suppliers from the Global Supplier Network, where quote requests, supplier maintained catalogs and punch-outs are routinely accessed to locate and buy the most cost-effective goods and services – all in sync with controls within respective customer finance/ERP systems. A distinctive feature of the Unimarket solution is the ability for customers to collaborate on their common purchases, thereby increasing economies of scale and driving down unit costs.