Education Institutions Reduce Spending with Ariett’s Purchasing Pre-Approval, Contract Tracking & Electronic Payments
Ariett News – January 29, 2018 – Ariett, a subsidiary of AvidXchange and a leading innovator of Cloud Purchase to Payment software, announces that the Spartan College of Aeronautics and Technology (Spartan College), the leading aviation technology college, has selected Ariett’s platform for purchasing, AP invoice automation, payment processing, contract tracking and expense reporting. As a higher education institution, Spartan College chose Ariett to optimize purchasing, eliminate manual processing costs and deliver greater spend visibility across decentralized campuses.
Ariett has built a track record of customer success for education institutions, helping them to create a culture of optimized spending with self-service purchasing tools, pre-purchasing approval and automated workflows. Education sector customer highlights include:
BASIS.ed, a global network of 21 public charter schools, 5 U.S. private schools and 1 international school
American Council on Education, representing nearly 1800 college and university presidents and executives
TCS Education, a nonprofit consortium of 5 colleges based in Chicago
A.T. Still University in Missouri and Arizona
The University of Rio Grande in Ohio
Woodbury University in California
With approximately 400 employees across their 5 campus locations, Spartan College sought a unified, cloud purchase to payment platform that would help employees in different departments to buy better for their school. Employees can punch out to a preferred supplier’s website, shop for items with contract pricing and quickly generate an electronic requisition ready for approval.
Commenting on how Ariett extended controlled purchasing across A.T. Still University (ATSU), Director of Purchasing Corey Louder said, “Before, when we had a paper system, departments didn't have access to the financial and procurement system. Ariett gives departments a secured, controlled method to see preferred vendors in the system, helping them to make choices."
Department managers can review the purchase request against the budget to make smart purchasing decisions. Louder added, “It's also really helped the decision-making process for approvers to have instant access to budget information. Ariett's budgeting tools allow approvers to click and generate an instant report on an expense budget. They can make better choices as to whether they'll make a purchase right now or set it aside for another budget.” In addition, managers have the flexibility to approve requisitions, invoices and expense reports from any phone, tablet or laptop device.
When employees have easy-to-use purchasing tools, the procurement director and CFO can focus on more strategic purchasing decisions. Ariett provides education customers with a Contract Tracking solution for routing vendor contracts and internal projects through approval and for tracking all associated contract costs. From Ariett’s Search screens, the procurement director or CFO can view all vendor contracts and projects across companies, as well as generate reports on total spending and budget remaining. With centralized visibility to spending, procurement departments can leverage spend data to renegotiate vendor contracts for improved rates and terms.
Finally, education institutions like Spartan College see cost and time-savings from having an electronic payment solution with ACH, virtual card and check processing. AriettPAY offers flexible payment batch selection, secure payment approval and drill-back to the complete payment and invoice audit trail. As an AvidXchange company, Ariett also offers customers the benefits of the AvidPay Network (APN). The APN saves customers time by onboarding vendors, educating vendors about the value of ePayments and performing due diligence on outstanding payments.
Ariett generates savings on every contract, requisition, invoice, expense report and payment with a unified cloud platform. Designed to work the way you work, Ariett’s easy-to-use web application delights employees by running on any mobile device or desktop. Accounting teams everywhere benefit from upfront purchasing control, global visibility to spending and audit trails, which drive cost savings across the enterprise. For more information, please visit www.ariett.com, call 781-826-1120 and follow us on Twitter and LinkedIn.