Tennessee Board of Regents Selects Cloud Based Spend Management Solution

The Tennessee Board of Regents (TBR) has selected a cloud-based spend management solution to help automate and streamline business processes across the system's 19 colleges and universities.

Many of the educational institutions within the TBR had been managing their own relationships with suppliers and consequently the system wasn't able to take advantage of combined buying power opportunities to save money, according to a prepared statement from Dale Sims, vice chancellor for business and finance at TBR.

TBR selected a cloud-based spend management solution from SciQuest to provide a centralized point of management. "With SciQuest, TBR and its higher education institutions will be able to standardize basic supplier processes and centrally manage the network's supplier relationships, driving efficiency improvements that will enable us to focus our resources on our primary mission of educating our students," said Sims.

SciQuest spend management solutions will enable the TBR to centralize and automate supplier registration and automatically upload the information to the network's existing enterprise resource planning (ERP) system. Once registered, suppliers will be able to keep their own information up to date on the system, so information will remain current while freeing up staff time for other tasks.

SciQuest offers cloud-based solutions for e-procurement, spend analysis, and accounts payable. According to John Fabris, vice president of higher education sales for SciQuest, the company's solution offers "a more holistic and strategic approach to spend management that results in streamlined operations and reduced purchasing costs."

The Tennessee Board of Regents is one of two systems of public higher education in Tennessee, and it is the country's sixth largest system of public higher education. The system serves more than 200,000 students across 46 institutions, including six state universities, 13 community colleges, and 27 technology centers.

Further information about SciQuest's cloud-based spend management solutions is available at sciquest.com.

About the Author

Leila Meyer is a technology writer based in British Columbia. She can be reached at [email protected].

Featured

  • modern college building with circuit and brain motifs

    Anthropic Launches Claude for Education

    Anthropic has announced a version of its Claude AI assistant tailored for higher education institutions. Claude for Education "gives academic institutions secure, reliable AI access for their entire community," the company said, to enable colleges and universities to develop and implement AI-enabled approaches across teaching, learning, and administration.

  • laptop displaying a red padlock icon sits on a wooden desk with a digital network interface background

    Reports Highlight Domain Controllers as Prime Ransomware Targets

    A recent report from Microsoft reinforces warnings about the critical role Active Directory (AD) domain controllers play in large-scale ransomware attacks, aligning with U.S. government advisories on the persistent threat of AD compromise.

  • human figures surrounded by precise arcs with book and gear icons

    Kennedy-King College Rolls Out Holistic Student Support Program

    Chicago's Kennedy-King College is expanding student support services through a collaboration between City Colleges of Chicago and One Million Degrees (OMD), a Chicago-based nonprofit serving low-income community college students.

  • computer monitor with a bold AI search bar on the screen

    Google Reimagines Search with AI Mode

    About a year after launching AI Overviews in its flagship search offering, Google has announced broad availability of AI Mode in Search.