#United States #Hamden #Quinnipiac University #Unimarket #Sourcing Solutions

Quinnipiac University Teams Up with Unimarket

Introduction
Quinnipiac University, a prominent private institution located in Hamden, Connecticut, has embarked on a transformative journey in its procurement processes by selecting Unimarket. This collaboration aims to modernize and consolidate the university's source-to-pay operations, enhancing operational efficiency and financial accountability across departments.

The Institutional Background
With an enrollment exceeding 9,400 students, Quinnipiac University stands out for its diverse academic offerings that span various fields, including business, law, and health sciences. Founded initially as a business college, the institution has evolved significantly, establishing multiple campuses that provide a vibrant, close-knit educational experience. The university promotes small class sizes, leading to a personalized learning atmosphere, bolstered by state-of-the-art facilities and innovative programs.

Rationale Behind the Partnership
The decision to adopt Unimarket's eProcurement+ and Sourcing solutions stems from a rigorous board-mandated audit conducted in early 2024. This audit highlighted various inefficiencies within the university's existing procure-to-pay framework, which was characterized by disjointed systems, outdated invoice solutions, and cumbersome manual processes. These challenges often led to operational delays and a lack of transparency in financial transactions, prompting the need for a more integrated approach to procurement.

Unimarket's Solutions to the Rescue
By integrating Unimarket’s offerings, Quinnipiac seeks to streamline procurement workflows, thus fostering a more cohesive source-to-pay platform. The anticipated improvements include a fully integrated system for purchase order management and invoice processing, which will significantly reduce redundancies and enhance data accuracy.

The new system will facilitate automated vendor onboarding, create efficient approval workflows, and improve the management of receiving and invoice matching. This strategic overhaul is designed to not only address the audit's findings but also to bolster compliance and accountability in financial operations across the university.

A Thoughtful Approach to Transformation
Daniella Vizziello, the director of procurement services at Quinnipiac University, emphasized the necessity of having a modern platform in place to navigate their complex procurement landscape. Her statement reflects the university’s desire for a solution that not only simplifies operations but also aligns with their specific requirements and promotes an efficient working environment.

Unimarket's robust functionalities, user-friendly interface, and commitment to supporting educational institutions played a crucial role in the university's choice. Quinnipiac University leadership is optimistic that engaging with Unimarket will liberate staff from mundane manual tasks, allowing them to concentrate more on high-value activities that support educational goals.

Benefits to the University
This partnership is expected to usher in a wave of positive changes within the institution. Key anticipated outcomes include:

• - Reduced Manual Processes: Automating tasks will free up valuable time for staff, allowing them to focus on strategic procurement activities.
• - Enhanced Transparency: The centralized system will provide clearer visibility into procurement and financial operations, fostering a culture of accountability.
• - Improved Collaboration: By creating a streamlined process, collaboration between departments will be enhanced, leading to more effective decision-making.

Phil Kenney, CEO of Unimarket, noted, "Quinnipiac University took a disciplined and thoughtful approach to modernizing its source-to-pay operations." By consolidating various systems into a singular cohesive platform, they will not only improve their operational efficiency but also enhance control and visibility across their financial dealings.

Conclusion
As Quinnipiac University moves forward with this initiative, it stands as an example of how educational institutions can leverage technology to modernize operations and improve compliance while focusing on their core mission—delivering quality education. The partnership with Unimarket promises not only to simplify processes but also to enable the university to thrive in an increasingly competitive landscape.

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For more information about Quinnipiac University and its innovative academic programs, visit qu.edu. To learn more about Unimarket’s solution offerings, go to unimarket.com.