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Savings

To see how Mercury Commerce electronic procurement solutions can save money for your school, please fill out our Request for Information form.

How much can e-Procurement save your College or University?

Here’s an example of the dollar savings a typical institution can expect.

Based on past experience in the higher education market, Mercury Commerce e-Procurement solutions can affect roughly 18 percent of your budget. Called the ”addressable spend“, it includes all the funds typically spent on office supplies, technology, maintenance, repair and operations (MRO), food service, classroom supplies, etc. The non-addressable spend, the other 82 percent, covers personnel, benefits and other non-purchase spend.

If the institution has 2,500 students and we apply a national average spend per student, the school’s General Fund would exceed $26 Million. If this school saves just five percent in the first year through procurement automation solutions and practices, their savings would exceed $241,000!

The logical question any higher education institution should ask itself is: ”What other solution can return that level of funding to under-funded programs in such a short period of time?“

Let Mercury Commerce show you how our proven procurement automation solutions have helped colleges and universities save time and money. Fill out our Request for Demo form.