Contain costs, improve margins, and boost productivity with 100% visibility and control over your spend.
Procurement teams are the unsung heroes of healthcare organizations, managing costs, clinician needs, and a vast array of suppliers. However, outdated processes make real-time cost containment extremely challenging and time-intensive. In an industry increasingly shifting to capitated payment models, administrators and finance departments need tools to improve their organizations’ financial health amidst shrinking reimbursements and razor-thin margins.
Unimarket’s Spend Management software empowers multi-location healthcare providers to overcome these procurement challenges by offering unparalleled visibility and control over 100% of spend and the entire source-to-pay process. Unimarket’s platform streamlines workflow and approvals across every facility, reducing administrative burdens with an easy-to-use interface your users will love. By optimizing spend and enhancing efficiency, Unimarket’s solutions will boost your organization’s financial performance, allowing you to focus on delivering high-quality patient care.
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Consolidating spend across a multi-facility organization enables substantial cost savings by aggregating purchases from a smaller number of strategic suppliers. By ensuring all purchases of goods and services are made 100% on contract at negotiated rates, organizations can generate 10% to 15% savings for every dollar spent. This approach not only reduces costs but also improves cycle times, ensuring physicians, clinicians, and healthcare organizations receive the tools and supplies they need to operate smoothly and efficiently.
Streamlining source-to-pay processes significantly improves performance and allows for the reallocation of labor, boosting profitability and operational efficiency in healthcare organizations. By automating and optimizing these processes, healthcare facilities can reduce manual tasks, minimize errors, and ensure timely procurement of necessary supplies. This leads to better resource management, freeing up staff to focus on critical patient care activities. Enhanced financial visibility and control further support strategic decision-making, ultimately improving both operational performance and the bottom line.
Unimarket’s spend management solutions empower healthcare organizations with real-time data and analytics, driving informed decision-making. Our platform streamlines procurement, enhances financial visibility, and optimizes vendor management. By integrating data from various sources, healthcare facilities can identify cost-saving opportunities, ensure compliance, and improve operational efficiency. This holistic approach enables better budget control, resource allocation, and ultimately, superior patient care. Unimarket’s solutions transform healthcare management, delivering unparalleled control and insight into every aspect of spending.
Your finance leader has a key role to play in any decision about new procure-to-pay software, but they’re focused on your ERP. They probably haven’t given much thought to the benefits of a purpose-built eProcurement solution, or they may not be convinced it’s worth the investment, especially if you’re making do with the procurement module in your ERP.
But they may not have considered the hidden costs associated with this approach. For starters, the procurement module in your ERP wasn’t designed to manage supplier integration and enablement. As a result, onboarding new suppliers is inefficient and time consuming, both for procurement and IT.
Another problem with the procurement module in your ERP is that most users find it complex and difficult to use. Creating requisitions for common, everyday purchases can be a frustrating task involving multiple steps and screens. Super users who purchase frequently might be able to live with that, but for everyone else it’s a hassle and a reason to avoid using the system. And you know what that means: more spend off contract, higher costs, greater inefficiencies, and more risk.
Perhaps it’s purchasing cards that are causing headaches. These might have initially seemed like a good idea, but they make it very difficult to control and forecast spending. You want to make purchasing easier for your users, but purchasing cards don’t have to be the answer. The right eProcurement solution offers the best of both worlds: easy purchasing and visibility and control over the entire procurement process.
Your finance leader is an important ally when making the case to invest in an eProcurement solution. We can work with you to show how a strategic approach to procurement, underpinned by an easy-to-use eProcurement solution, can play a critical role in helping your organization gain a competitive edge.
Download our step-by-step, practical guide to creating a compelling and data-driven business case for a eProcurement software. Find out:
At Unimarket we make procurement simple by streamlining and automating the procurement process, saving your organization time and money. Our fully featured solution does everything you need without the distraction of functionality you’re unlikely to use.
User adoption is key to unlocking the strategic value of eProcurement. That’s why we’ve designed our solution to be easy for everyone to use, no matter their role or level of comfort with technology. It offers an instantly familiar online shopping experience that people love to use.
That means more spend on contract, better visibility into spend, and greater administrative efficiency — all adding up to the return on investment you need.
With Unimarket, you can significantly reduce the cost of purchasing across your entire organization.
Hard dollar savings come from being able to direct spend to your preferred suppliers and leverage your buying power to achieve the best possible pricing and contract terms. Plus automated invoice matching and approvals mean your accounts payable team only needs to manage exceptions, freeing up time and resources.
Our solution integrates tightly with your ERP, allowing data to flow easily between the two systems. This provides certainty around data accuracy and consistency while ensuring your finance system remains the master system of record.
And because Unimarket is hosted in the cloud, you’re always using the most up-to-date version and there is nothing for your IT team to manage.
Our simple, all-in pricing model is completely transparent and allows you to have as many users and suppliers as you need, without worrying about increasing costs associated with per-user or per-seat pricing. Implementation, testing, user training, and ongoing support are also all included.
Implementation was flawless. I feel like we got the A-team – I always knew the next steps and what was needed in advance.
Nancy Wright
Director of Procurement Services at Loyola University Maryland
Explore our
spend management solutions.
Explore our
spend management solutions.
Simplify sourcing
Streamline sourcing events, from RFX creation to assessing bids and awarding contracts.
The creation of sourcing events can be complex and time consuming. Unimarket Sourcing simplifies this process, helping you confidently create RFIs, RFPs, or RFQs with standardized templates that align with your organization’s requirements.
Simplify contract management
Simplify contract management with a single, searchable repository.
Store and manage all your organization’s contracts, supplier contracts and related documentation in a cloud-based repository. Manage the contract lifecycle, search for contracts, set renewal reminders, track revisions and comments, and easily find contracts and related information when you need them.
Simplify buying
A buying experience you and your team will love.
Channeling 100% of purchases through a single Marketplace ensures your users buy from the right supplier at the right price every time. Users enjoy a seamless shopping experience, while you gain visibility, control, and compliance over every dollar of spend.
Simplify procurement
A simpler way to manage and automate procurement.
Unimarket eProcurement is designed to simplify every step of your procurement process—from shopping and requisition approval to purchase order creation and receipt confirmation. Experience seamless automation that saves time and reduces costs.
Simplify invoicing
Save time and money with fully automated supplier invoicing.
Unimarket Invoice Management streamlines the way you receive, match, approve and pay supplier invoices. Large, small or in-between, you and your suppliers will benefit from our automated invoice management solution.
Simplify payments
Unimarket Payments automates and simplifies the entire payment process, significantly reducing manual effort and virtually eliminating risk for your organization.
We handle your entire payment process so you don’t have to.
Simplify invoice processing
Dealing with supplier invoices can be a time-consuming, manual activity that leaves your organization open to data entry errors and missed opportunities.
Unimarket Virtual Mailroom automates and simplifies the processing of invoices, completely eliminating time spent manually processing invoices.
Simplify expenses
Take the hassle out of expense management.
Unimarket Expenses takes the complexity out of expense management by introducing a streamlined, user-friendly process for all expense reimbursements. From paper-free submissions to automated approvals, Unimarket Expenses ensures your team can manage expenses efficiently and accurately.
Get in touch to find out how we can help you make procurement more strategic.