Customer Spotlight: UniMarket

Unimarket is a leading provider of on-demand, procure-to-pay solutions for the mid-market. With its SaaS (Software-as-a-Service) architecture and functionality that focuses on collaboration and sustainability, Unimarket is leading the way in next generation procurement solutions.

While Unimarket’s solution is applicable to any industry, one of the company’s primary markets is the Education sector. With a focus on Higher Education, K-12 and For Profit / Career Schools, Unimarket delivers an on-demand eProcurement application that helps these institutions achieve dramatic costs savings.

The key areas where Unimarket's customers see benefit include

• Process Efficiencies. Ability to “Do More With Less” and/or Reduce Costs
  Utilizing online supplier catalogs, seamless integration to existing financial systems (e.g., PeopleSoft, Oracle, Datatel, etc.) and an electronic supplier network, the entire procure-to-pay process is made electronic. Workflow for delegated approvals, receiving, RFQ’s, and matching rules can all be handled within Unimarket as well, making the end-to-end process much faster and more efficient.
• Compliance Savings
  Unimarket’s eProcurement solution enables and enforces our customer’s procurement policies and existing supplier contracts, resulting in significant cost savings.
• Reduction in Per Unit Prices
  Through collaborative functionality, organizations are able to pool their purchasing power (both internally and externally) to dramatically drive the cost of goods and services down. Additionally, complete spend data from the system can be used to negotiate better discounts with suppliers.

Unimarket also enables “green purchasing” by allowing customers to write business rules that drive and enforce sustainability policies at the day-to-day purchasing decision level. Remarkably, customers could increase their sustainability while paying for it with the eProcurement savings.

According to the Director of Finance at one of Unimarket’s early Higher Ed clients: "When you look at the entire procure-to-pay process, it costs the University on average more than $75 per order to process each purchase order. Last year we processed over 30,000 purchase orders, and Unimarket will save up to $30 per transaction.”

Unimarket delivers its solution through a Software-as-a-Service model built on top of a world class hardware and hosting infrastructure provided by Hosting.com. The application architecture combined with Hosting.com’s flexible cloud computing infrastructure, allows Unimarket to rapidly and cost-effectively scale the solution to meet growing demand across the global markets the company serves.