ESM to showcase solutions that are helping campuses control spend, find savings, and do more
With session tracks such as “financing the enterprise” and “mitigating risk and compliance,” attendees at next week’s NACUBO annual meeting will be exploring ways to improve risk management; to cut costs; and spend more responsibly.
The six-day event, which starts July 27, is the annual gathering of the National Association of College and University Business Officers. This year’s theme is “Currents of Collaboration,” focusing on the “power of higher education and the role of the chief business officer in navigating connections and steering diverse teams toward a shared vision for the future.”
Indeed, collaboration has been key for many campuses trying to survive and recover after a tricky decade for higher education institutions across the country. A recession, budget and funding cuts, increased competition for students and higher costs have made for tighter than usual times on many U.S. campuses.
In fact, to stay afloat, some institutions have merged. Others, including ESM CEO Anthony Rotoli’s alma mater, have completely shut down.
At the annual meeting, ESM will showcase some of the solutions that institutions across the country are relying on to save thousands of dollars - or more - a year.
For example, when Ivy Tech Community College in Indiana automated procurement with ESM, they cut the number of office suppliers from 52 to 1 and reduced office spend by 40 percent.
And when the massive California State University system deployed ESM’s eProcurement solution, campuses enjoyed positive ROI in just five months and reduced the cost of a purchase order from $150 to $25.
Those benefits came thanks to ESM’s solutions that help institutions
- control transactions and vendor relationships;
- encourage green product purchases;
- Improve control and visibility in spending, including with e-commerce giants such as Amazon;
- Minimize risk throughout the procure-to-pay cycle.
How did they do it? Our e-books on managing risk and compliance, the pros and cons of Amazon, sustainable purchases and ERP vs. eProcurement offer more information about how eProcurement solutions have helped organizations save time and money.