Ellucian Spend Management Suite expands with Ellucian Purchase powered by ESM
Ellucian has expanded its cloud-based Ellucian Spend Management Suite to include Ellucian Purchase, a procurement management solution offered through a deeper partnership with ESM, a leader in procure-to-pay tools for higher education. With this extension, users now have access to an intuitive online shopping solution that automates the entire procure to pay process by integrating directly with the existing invoice management solution.
The Ellucian Spend Management Suite already offers Ellucian Invoice, which provides expense and invoice management capabilities through a partnership with Chrome River, and Ellucian Travel & Expense Management, which provides travel expense submission and reimbursement. These tools boost accuracy and efficiency for institutions by automating the spend management process, integrating with existing finance solutions, and providing real-time expense data and analytics.
“The addition of a real consumer shopping experience and visibility into what is being purchased will help institutions control costs, better manage spending, and improve compliance,” said Ellucian Senior Vice President of Global Product and Strategy James Willey. “We’re excited expand our partnership with ESM and Chrome River to offer complete business process flow from procurement through invoice processing and on to payment, all within the Ellucian ERPs.”
Features of Ellucian Purchase include:
● An intuitive online shopping portal with only approved suppliers and negotiated contracts, cutting down on rogue spending and boosting visibility.
● Guided buying to drive spend where you want it with your strategic suppliers.
● Automation of campus business processes for flexible, seamless approval routing to create fewer requisition and purchase order errors.
● Integration that ensures compliance, minimizes risk and improves overall efficiency of the purchasing process while seamlessly exchanging data with the Ellucian ERP.
ESM is a leading provider of cloud-based spend management and P2P solutions, giving customers complete control of their spend through a comprehensive suite of integrated, yet modular solutions. The company’s flexible sourcing, purchasing, contract, and supplier management applications help organizations save time and money. As a SaaS-based solution, ESM makes financial system integration, data visibility and streamlining of the entire procure-to-pay process fast and easy. On the web: http://www.esmsolutions.com.
About Chrome River
Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most-respected global organizations. Our powerful, yet easy-to-use SaaS expense management and invoice automation solutions deliver the most modern global and mobile experience in the marketplace. Our highly-configurable business rules engine supports your evolving compliance and reporting requirements in today’s ever-changing business climate. Chrome River is rated as a Leader in expense management by analyst firm IDC, and is loved by CFOs, CIOs, AP teams, travel managers and business travelers alike.
To find out why Chrome River is trusted by more than 2 million users at more than 800 organizations worldwide, contact us at +1 888 781 0088, or visit us at www.chromeriver.com, or on Facebook, Twitter and LinkedIn.