Emory Captures Significant Savings in Procurement
For every $1 spent, the University sees $6 savings benefits
Emory University’s procurement office had little visibility into how much each department was paying for everything from pens and paper to furniture and MRO supplies. Without this visibility–and without fully understanding how purchasing dollars were being spent—the university couldn’t leverage its buying power to negotiate lower prices or better terms and conditions. So Emory rolled-out “Emory Express” with the help of the Spend Director eProcurement tool, and created an online, one-stop shopping marketplace where faculty and staff can order most commonly required products and specific services from University contract and preferred suppliers. To make sure these negotiated discounts went through to the invoice stage smoothly, the school also took advantage of the Accounts Payable Director solution, achieving a 6:1 ROI with JAGGAER business process automation software.
Read the success story to find out how Emory:
- Created enormous savings from improved process efficiencies, negotiated discounts, and contract compliance
- Funded their procurement investment with no budget increase or general fund expenses
- Realized a positive cash flow within 12 months