This agreement with ESM allows other University System of Maryland institutions to also launch the same tools to automate procurement, streamline sourcing and boost savings.
Warrington, Pa. (PRWEB)
September 12, 2017
ESM, a leading provider of spend management solutions, announced today that the University of Maryland, College Park (UMD) will deploy ESM’s full solution suite.
Founded in 1856, UMD, a Big Ten university, is the flagship institution of the University System of Maryland (USM). With 39,000 students and over 10,000 faculty and staff, the institution has an operating budget of more than $1.9 billion.
This agreement with ESM allows other USM institutions to also launch the same tools to automate procurement, streamline sourcing and boost savings. Altogether, USM has nearly 165,000 students and an operating budget of more than $5.3 billion.
“We are thrilled to have the University of Maryland come on board with us,” ESM CEO Anthony Rotoli said. “We are confident that our solutions will save them time and money.”
To help them with the strategic transformation of their procurement initiatives, UMD has also partnered with Huron Consulting Group, which will provide on-site professional expertise related to procurement practices, business process transformation and change management during the implementation process.
ESM and Huron have partnered on several other higher education projects to help streamline procurement automation at other organizations, including Michigan State University, University of Cincinnati and the University of Alabama at Birmingham Health System.
“Through strategic partnerships like these and by fully leveraging the technology capabilities, we are able to help higher education institutions move towards best practices for the entire procure-to-pay initiative,” said Derek Smith, Huron’s managing director for higher education procurement. “With ESM, we know the University of Maryland will get a cost effective and intuitive solution that will allow them to drive savings and realize other operational benefits.”
Full suite of solutions deployed
UMD will deploy ESM’s full suite of spend management solutions. With ESM’s tools, UMD will get more out of every dollar they spend on behalf of taxpayers, grantors and students with full…