eProcurement+
Our most comprehensive solution manages your entire procurement process, from purchasing through to managing supplier invoices.
Don’t stop at offering an easy, intuitive shopping experience and automating your purchasing, requisition and approval process—choose eProcurement+ and automate the entire accounts payable process as well.
No more paper invoices, no more manual entry of invoices, no more headaches trying to match invoices to purchase orders, or chasing people to confirm that goods and services have been received. Automate your review and approval process and save up to 76% on processing costs.1 You’ll also cut down on the errors, omissions and duplication that are common with a paper-based accounts payable process that relies on manual data entry.
Procurement and accounts payable are a match made in heaven. With eProcurement+ you’ll work hand-in-hand to automate the entire procure-to-pay process, collaborating seamlessly across purchasing, requisition and approvals through to a streamlined accounts payable process. Choose eProcurement+ and realize all the benefits of a true end-to-end procure-to-pay solution.
How does eProcurement+ get procurement done right for you?
Intuitive, familiar shopping experience
Just like our eProcurement solution, Marketplace is the foundation of our eProcurement+ solution. We’ve purposefully designed Marketplace to work just like any other online shopping experience, which means it’s easy for anyone to use. Your users will feel right at home, thanks to familiar functionality like cross-supplier search, favorites, shopping lists, and simple shopping cart checkout. Because Marketplace makes shopping easy and familiar, your users will actually use the solution rather than looking for ways around it—and with all your spend going through the platform, you'll have greater visibility into spend across your entire organization giving you the information you need to make better decisions.
Electronic invoicing that works for everyone
If your suppliers are still sending you paper invoices, it’s time to help them move into the 21st century. We offer electronic invoicing options that work for all your suppliers, large and small. Integrated suppliers can submit electronic invoices directly through the platform via cXML integration, while non-integrated suppliers (or your accounts payable team) can use our order-to-invoice functionality to instantly ‘flip’ purchase orders into electronic invoices. You can even receive invoices by email, then complete the order-to-invoice function and attach the emailed invoice.
Receiving is essential to the process
When you have a high volume of orders being placed by users throughout your organization, there is a real risk that you could accidentally pay for goods or services that have not in fact been received. With Unimarket, you can eliminate this risk by requiring users to confirm that they’ve received goods and services before payment can be authorised. It’s very simple for them to do this as it’s all managed electronically within the platform. We’ll help you make sure you never pay for a product or service you haven’t received.
Automated matching clears most invoices for payment
If you’re currently using a manual process to match invoices with purchase orders, we’ve got good news: in Unimarket, this process is completely automated. As invoices are received (through cXML integration, order-to-invoice, or in an email), Unimarket automatically looks for the corresponding purchase order and matches it to the invoice. If you have 3-way matching enabled, the platform will also look for confirmation that the goods or services have been received. Once the required 2- or 3-way matching is complete, and the invoice meets your specified tolerance levels, it will be automatically cleared for payment, without an actual person ever having to be involved. It’s that simple. What happens when an invoice is received and there is no corresponding purchase order? Easy - a retrofit requisition can be created and sent through the appropriate workflow for authorization of the purchase, ensuring no invoice is ever paid without the required approvals in place.
Exceptional management of exceptions
Of course it’s inevitable that some invoices will arrive that can’t be automatically matched or approved for payment. The good news is that these are the only invoices that will ever need attention from accounts payable. And we’ve made it easy for them to route these invoices through an invoice exception workflow to ensure the purchase is approved before authorizing the invoice for payment. When accounts payable doesn’t have to process every single invoice that comes through the door, they’ll have more time to focus on work that helps your organization be its very best.
Integrated with your finance system
Unimarket provides flexible integrations with a wide range of financial systems, including SAP, Oracle (including PeopleSoft), Ellucian (Banner and Colleague), Workday, Blackbaud, Microsoft Dynamics, and TechnologyOne. Procurement and Finance can work hand-in-hand across your entire purchase to pay process, and, because data flows easily, everything is synchronized and your finance system remains your master system of record. If you choose flat file integration, you can be up and running very quickly.
Want to see our solution in action?
This short virtual tour shows how Unimarket's purpose-built eProcurement solution works.
We make procurement work, no matter what kind of work you do.
That's why our solution is trusted by clients in industries as diverse as higher education, healthcare, government, research, and financial services.
Less friction, more momentum
Procurement is not something your users want to have to think about. They just want it to be easy to find and buy the things they need. And you want all your spend flowing through one platform, all of it going through a consistent, transparent process, so you can rest easy knowing that all your organization’s policy and audit requirements are being met and you have the visibility and control you need to help your organization plan and make the best possible decisions. You also want the breathing space to focus on strategic procurement, not daily purchasing headaches. With Unimarket, you get all of this. Remove friction and create momentum in your organization with a fully automated, easy-to-use procurement solution. Once that happens, you’ll be amazed what you can achieve.Greater accuracy, fewer errors, less risk
Because Unimarket automates the whole procurement process, supplier data is managed centrally, workflows are set up according to your requirements, spend is flowing through the one platform, and invoices undergo 2- or 3-way matching before being approved for payment, you don’t have to worry about the many inconsistencies, inaccuracies and errors that abound when you’re using manual, paper-based processes. And as you know, the more you can reduce inconsistency, inaccuracy and error, the less risk there is for your organization. Everyone from your users to your organization’s leadership can rest easy knowing that the solution works the way you need it to, every step is auditable, and you can trust Unimarket to make sure procurement is done right for you.Strong supplier relationships
Strong supplier relationships are the bedrock of every organization's procurement system. You want to make it easy for them to get their products in front of your buyers, easy for them to receive and process orders, and easy for them to submit invoices and receive payment. Streamlining and removing manual, error-prone steps from this process adds immediate value for your suppliers, strengthening your relationship and making it easier for you to leverage your buying power.Everything is faster
When you’re tasked with helping your organization function at its very best and also responsible for ensuring business policy requirements are met, the last thing you want to do is sacrifice speed on the altar of accuracy and consistency. With Unimarket, you don’t need to make this choice; you can have both. By automating the process from beginning to end, you reduce cycle time and the level of effort required at every step, which adds up to significant savings, both in terms of time and cost. But because all the checks and balances are built in, you don’t need to worry about increased speed causing a crash. Buckle up and get ready for everything to start moving faster.Loved by all
It's one thing to implement an end-to-end purchase-to-pay eProcurement solution ; it's another thing to get everyone in your organization using it. This is why we're so focused on making our solution easy for everyone to use. By offering a shopping experience that's instantly familiar and comfortable for all users, and a purchasing experience that's designed to simplify approvals, orders and receiving, we help you achieve widespread adoption of the solution. And widespread adoption is how you realize the true value of an eProcurement solution, so choose a solution that everyone loves to use.Easy to get started
Our secure cloud-based solution means there is no software to install and you’re always using the latest version with the latest features and updates. We’ll get you up and running faster, with low IT overheads and less ongoing maintenance and cost. Once you’ve entered the brave new world of eProcurement, we’ll be right there with you every step of the way, always ready to roll up our sleeves and provide ongoing training and support. We’ll help you keep things moving forward as you continue on your eProcurement journey.Easy integration with your favorite suppliers
Many of the suppliers you know best are ready to connect with you right away because they're already part of Unimarket's integrated marketplace
You can believe in our solution.
Find out why so many organizations trust Unimarket.
Exploring other ways to get procurement done right?
We make procurement work for you, with a platform that flexes to suit your needs. No matter how you use Unimarket, you'll spend less time managing your procurement process and more time working on what you do best.
Marketplace
Our integrated catalog-driven marketplace lets you easily find and buy the things you need from your preferred suppliers at your negotiated prices.eProcurement
Easily find and buy the products and services you need, plus manage your purchase orders, approvals, and requisition process.Source-to-pay transformed.
Let's talk about how we can get procurement done right together.