Ariett Helps Education Institutions Drive Savings with Procurement Best Practices
Ariett News – October 16, 2017 – Ariett, a leading innovator of Cloud Purchase to Payment software, announces that TCS (The Community Solution) Education System, a nonprofit system of 5 colleges based in Chicago, has selected Ariett’s unified Cloud Purchase to Payment platform. The education nonprofit chose Ariett to implement cost-saving purchasing with contract tracking and efficient AP invoice capture that includes secure electronic payment approval – all on one platform.
TCS Education System (TCS), a consortium with 750 employees and 7000 students across 11 campuses, follows other like-minded education institutions that have selected Ariett, including:
- A.T. Still University (ATSU), a leading health sciences university with 2 campuses, implemented Ariett’s intuitive requisitioning with punch-out to vendors’ websites, so that the procurement team can focus on spend analysis for contract renegotiation.
- 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, leverages Ariett’s Contract Tracking to keep tabs on contract spending and uses Pre-Trip Approval to approve expenses in advance of a trip.
- The University of Rio Grande in Ohio
- Woodbury University in California
Ariett CEO Glenn Brodie said, “Under increasing pressure to save more, education institutions are turning to Ariett not only to go paperless but also to optimize spending with budget approval and greater purchasing collaboration. With Ariett, key decision-makers have visibility to a purchase beforehand, helping them make informed decisions that drive the organization’s success.”
“Ariett’s Cloud solution will deliver to TCS the visibility and control necessary for managing spending across multiple locations,” said Brodie.
Ariett’s easy-to-use, cXML punch-out connector allows an employee to shop on a vendor’s website, such as Amazon Business, CDW or Staples. From a phone, tablet or laptop, the employee can quickly select shopping cart items and Ariett automatically generates a purchase requisition. Upon approval, the purchase order can be released to the supplier in seconds. Ariett supports all vendors that offer a cXML punch-out site.
Ariett customer Corey Louder, Director of Purchasing at ATSU, explained the benefits of Ariett for his university, “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.”
To learn more about business automation best practices for education institutions, please read Ariett’s whitepaper “Procurement Primer for Education Leaders: 10 Easy Steps to Generate Savings in Public and Private Schools.”
Ariett delivers additional insight through metric-based dashboards with embedded BI reporting for a quick look at pending requisitions or contract spending. By reporting on vendor contract or capex project spending and budgets, education institutions like TCS can more readily evaluate a contract’s/project’s performance to help them renegotiate contracts.
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.