U St. Thomas Streamlines Purchasing Functions with SciQuest

  • By Dian Schaffhauser
  • 12/09/10

The University of St. Thomas, based in Minnesota, is implementing a service to automate some procurement and accounts payable operations. The four-campus university, which has about 11,000 students, will be integrating SciQuest's e-procurement Web service with its financial system, SunGard Higher Education's Banner Finance.

The adoption of the new program follows on the May 2010 creation of a purchasing committee that was given the job by St. Thomas executive vice presidents of revamping the purchasing process for goods and services, travel, and event planning in order to reduce institutional expenses.

The application from SciQuest combines several modules. A Spend Director module gives the administrator a means to set up a catalog with an e-commerce shopping interface for users. As the user creates a purchase request, he or she is automatically directed to the right suppliers, contracts, or products as defined in the procurement policies. A Requisition Manager provides workflow for approval of purchase requests. Other modules include an order manager for purchase order functions, a sourcing manager to create and manage bids, a contract manager that supplies a central repository for contracts, and a settlement manager that compiles the forms--order, receipt, and invoice--related to a purchase.

"This investment will help to free our faculty and staff from some of the administrative tasks typically associated with purchasing," said Karen Harthorn, director of purchasing and payables. "Automation will also help to streamline our accounts payable operation and eliminate manual paperwork. Most importantly, purchasing services will be able to more effectively aggregate the university's purchasing power in return for better contract terms and conditions from suppliers--savings that ultimately can be applied to high-value activities that directly impact our mission."

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • person signing a bill at a desk with a faint glow around the document. A tablet and laptop are subtly visible in the background, with soft colors and minimal digital elements

    California Governor Signs AI Content Safeguards into Law

    California Governor Gavin Newsom has officially signed off on a series of landmark artificial intelligence bills, signaling the state’s latest efforts to regulate the burgeoning technology, particularly in response to the misuse of sexually explicit deepfakes. The legislation is aimed at mitigating the risks posed by AI-generated content, as concerns grow over the technology's potential to manipulate images, videos, and voices in ways that could cause significant harm.

  • glowing AI brain composed of geometric lines and nodes, encased within a protective shield of circuit patterns

    NIST's U.S. AI Safety Institute Announces Research Collaboration with Anthropic and OpenAI

    The U.S. AI Safety Institute, part of the National Institute of Standards and Technology (NIST), has formalized agreements with AI companies Anthropic and OpenAI to collaborate on AI safety research, testing, and evaluation.

  • a glowing gaming controller, a digital tree structure, and an open book

    Report: Use of Game Engines Expands Beyond Gaming

    Game development technology is increasingly being utilized beyond its traditional gaming roots, according to the recently released annual "State of Game Development" report from development and DevOps solutions provider Perforce Software.

  • translucent lock composed of interconnected nodes and circuits at the center

    Cloud Security Alliance: Best Practices for Securing AI Systems

    The Cloud Security Alliance (CSA), a not-for-profit organization whose mission statement is defining and raising awareness of best practices to help ensure a secure cloud computing environment, has released a new report offering guidance on securing systems that leverage large language models (LLMs) to address business challenges.