Procurement

Utah Valley University Adopts New Procurement Software

Utah Valley University, the largest public university in the state, has begun using a cloud-based procurement software.

The Orem Valley university with nearly 35,000 students joins other members of the Utah System of Higher Education, like the University of Utah, Utah State University, Weber State University and Salt Lake Community College, in using SciQuest's spend management system.

SciQuest's software-as-a-service system is a collection of cloud-based business automation programs for managing spending, suppliers, contracts, sourcing, inventory and accounts payable, all intended to give university finance executives a way to identify potential savings and to work more efficiently with suppliers.

The source-to-settlement package has five elements:

University representatives said they have already added 1,100 active users to the system and processed more than $21 million in purchase orders.

"For more than a decade, SciQuest has partnered with university procurement teams so they can attain real-time visibility into spend," said CEO Robert Bonavito. "We are driven to make Utah Valley University's procurement processes a strategic resource for the university that provides them a centralized source of truth, manages compliance and reduces overall spend to drive long-term cost savings."

About the Author

Michael Hart is a Los Angeles-based freelance writer and the former executive editor of THE Journal.

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