Raising the grade on higher ed spending: A 7-step roadmap for bringing spend management into a higher learning environment
The last several years have seen increasing numbers of universities and colleges adopting the disciplines, processes, and technologies of corporate enterprise spend management.
In just the past six months, news reports show the University of Missouri and Liberty University making high-profile spend management technology selections. Meanwhile, Emory University’s Associate Vice President of Financial Operation, David Thurston, was named among Supply and Demand Chain Executive’s Pros to Knowfor his groundbreaking spend-management work in that large Atlanta, Ga. ―area university system.
But it is one thing to decide that enterprise spend management is a good thing for colleges and universities, quite another to transport the disciplines from the corporate private sector into the realm of academia.
This white paper examines some of the unique spend management challenges that colleges and universities face and offers a step-by-step roadmap for getting started with cost savings in an higher-education setting.