#USA #Carlsbad #Unimarket #Source-to-Pay #E&I Cooperative Services

Unimarket Announced as E&I Cooperative Services' Source-to-Pay Solution Provider

In a significant move to enhance procurement solutions for educational institutions, Unimarket, a global leader in source-to-pay and spend management solutions, has secured a contract with E&I Cooperative Services. This agreement allows E&I members nationwide to use Unimarket's comprehensive suite of modular source-to-pay tools under favorable, pre-negotiated terms.

A Long-Standing Partnership

The new contract marks a progressive step in the continuing partnership between Unimarket and E&I Cooperative Services. Previously, Unimarket was selected by E&I as a cloud-based eProcurement solution provider, showcasing their capability to support higher education ergonomic workflows seamlessly. Over the years, Unimarket has integrated with various enterprise resource planning (ERP) systems, including Ellucian Banner, Workday, and Oracle, among others, ensuring a smooth procurement process that aligns with institutional needs.

Benefits of the New Contract

Through this newly awarded agreement, institutions can harness a flexible platform equipped with features such as Sourcing, Contracts, Marketplace, Invoices, Expenses, Payments, Supplier Management, and Spend Analytics. These functionalities empower educational entities to better manage their spending processes, thus enhancing control and transparency over their finances.

Phil Kenney, CEO of Unimarket, expressed pride in this expanded relationship, stating, "Unimarket’s source-to-pay platform is purpose-built for the complexity inherent in higher education and K-12 procurement. This contract enables institutions to access modern solutions that lead to tangible impacts on their procurement activities."

Projected Economic Benefits

According to EI's Economic Benefit Model, member institutions utilizing the Unimarket contract anticipate a total economic benefit ranging from 10% to 15%. This figure reflects both cost reductions and innovative procurement enhancements that will yield financial relief. Eric Frank, CEO of E&I Cooperative Services, emphasized the contract’s addition of substantive value for its members, providing a modern platform to navigate the complexities of educational procurement effectively.

Comprehensive Service Offering

Unimarket’s commitment to supporting the educational landscape includes not only providing a powerful source-to-pay platform but also robust ERP integrations, a catalog-driven marketplace, and a proven track record of helping educational institutions enforce policy and compliance while gaining unprecedented visibility into their enterprise spending. This comprehensive approach enhances the ability for educational institutions to strategically manage their resources and financial futures.

About E&I Cooperative Services

E&I Cooperative Services is a unique, member-owned non-profit cooperative dedicated solely to providing procurement solutions for higher education and K-12 institutions. They offer a portfolio of competitively solicited contracts with leading suppliers, designed to empower members to make data-informed decisions aimed at maximizing their educational budgets.

Conclusion

With its advanced procurement capabilities, Unimarket is well-positioned to support educational institutions through this new E&I Cooperative Services contract, demonstrating a commitment to enhancing the procurement landscape and delivering measurable outcomes within the education sector. For more information about Unimarket and to see their source-to-pay suite in action, visit Unimarket.com.