Annapolis, MD, September 08, 2011 --(PR.com
)-- Unimarket - the innovators in SaaS collaborative eProcurement, today announced that the upcoming Inaugural User Conference at Baltimore’s BWI Westin Hotel on September 22-23 will be an opportunity to share collective vision and to celebrate customers’ successes.
Unimarket’s Higher Education customers range from Community Colleges to State Universities, all looking to manage spend and improve business processes in a more cost effective way. For customers, Unimarket’s functionality is hosted online through a clean and effective user interface, so that all internal requestors and buyers can easily adopt the new procedures. Suppliers respond to bids for new business, and can maintain products and services all in one place for all Unimarket customers through punch-outs or hosted catalogs. The shopping cart simplicity and rule-based requisition approval workflow provide ease-of-use for campus users while at the same time ensuring spend controls for the institution and complete integration to finance and suppliers' supply chains where appropriate.
Unimarket’s 100% multi-tenant SaaS technology means that customers and their suppliers simply connect once into the network irrespective of how many customer-supplier relationships they build. Two-way segmentation and standard ERP/SCM integration enables end-to-end procure-to-pay and order-to-cash business processes for customers and suppliers respectively. This proven model takes significant cost and duplication out of the supply chain while bringing customers and their suppliers closer together for powerful trading relationships.
More and more research institutions are also adopting Unimarket’s innovative SaaS Source to Settle capabilities to manage spend and automate business processes. These customers often have significant spend and fragmented business processes due to the scope of expenditures. Purchasing in Higher Education institutions is often manual or through limited ERP requisitions that require manual entry, printing and faxing. Accounts Payable is often in the business of double-keying mailed in invoices for matching and check payment.
Unimarket automates all of these business processes and now with forty-seven customers who have subscribed to the service, has become a priority for many institutions, including Creighton University, Duquesne University and The University System of New Hampshire. All of which selected the company’s eSourcing, eProcurement and eInvoicing technology through competitive processes.
“Our customers select procurement software-as-a-service to help them reduce direct and indirect costs through efficiencies and better pricing,” says Scott Blackwood, CEO and Founder of Unimarket. "We are very pleased to be deploying valuable, relevant and collaborative solutions to help customers manage their challenges of today, and to partner with them for future success."
Today Unimarket’s USA subscription growth, a key performance indicator of SaaS companies, has increased 129% YTD over the same period last year. This rapid growth has enabled the company to invest in extending the technology lead within Collaborative Sourcing and Procurement software technology in Higher Education.
“Over the last few years we have listened to the market and responded with a product that resonates with Higher Ed institutions,” said Justin Gillion, Strategic Product Manager at Unimarket. “Strategic Procurement Managers collaborate to maximize savings, but they also need a solution that is easily accessed by internal customers for all spend categories. This solution naturally promotes compliance to preferred supplier contracts in a user friendly way.”
Most of Unimarket’s customers and many of their strategic suppliers will be assembling at the company’s inaugural users’ conference in Baltimore on September 22-23, 2011. UnimarketNOW is designed to discuss all aspects of the Unimarket offerings and to help colleagues collectively continue to meet their procurement objectives. Discussions range from public bidding to a supplier panel facilitating the drive for supply chain excellence in Higher Education Now. Other topics include ‘End-to-end ERP integration’; ‘Invoice matching in the Cloud’ and ‘Simplified eProcurement and campus acceptance/buy-in’. The full agenda can be found at Unimarket.com.
About Unimarket: Located in Annapolis MD and Auckland NZ, Unimarket provides online software for collaborative eProcurement to reduce costs and improve efficiencies for customers. Unimarket delivers world-class functionality to manage spend and process transactions from purchase requisitions to electronic payments. Customers locate and buy the most cost-effective goods and services – all in sync with controls within respective finance/ERP systems. Thousands of customers’ suppliers from small to large and local to international can also maintain online catalogs and integrate their eCommerce/supply chains with Unimarket for complete automation. 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. Visit http://www.unimarket.com for more information.