Creighton University renews and expands contract with Unimarket
Unimarket, an innovator in eProcurement and spend management solutions, is delighted that long-time US customer Creighton University has renewed its contract, as well as expanded the solutions it uses to include Unimarket’s contract management module.
“Our eProcurement system through Unimarket has reduced our ordering turn-around cycle time from days to hours and, in most cases, minutes,” said Ed DuPree, Assistant Director of Procurement at Creighton University. “The system focuses spend, thus increasing our value and lowering costs.”
The University polled key constituents in preparation for the launch of Unimarket’s contract management capabilities and found enthusiasm for the increased functionality. “The response is excitement in anticipation of actually knowing where in the approval process a specific contract or agreement resides. Moving to electronic processes has reduced bulky and slow paper processes, and we look forward to this new capability," said Dupree.
Creighton, a Jesuit, Catholic university in Omaha, Nebraska, signed on with Unimarket in 2011 after an exhaustive search for a system that would fit its procurement needs and provide good value for the cost. In using Unimarket’s eProcurement, sourcing, and electronic invoicing solutions, Creighton has reduced administration time, increased savings, and automated the invoicing process for accounts payable staff. The functionality has been so effective that Creighton is expanding its use of the Unimarket system to include contract management.
With the Unimarket contract management solution, Creighton will be able to keep all of its contracts in a central location that is integrated with its purchasing and sourcing activities, allowing them to see total real-time spend against contracts and automate processes to ensure ongoing compliance. In addition, Unimarket’s unique customer rebate model provides Creighton with actual fiscal returns based on their activities within the system.