Add as a preferred source on Google

NC Independent Colleges and Universities (NCICU) Endorses PayBack's Innovative Procure-Through-Pay Programs

  • 07/20/15

North Carolina Independent Colleges and Universities RALEIGH, NC – PayBack, a leader in procure-through-pay financing and enablement and North Carolina Independent Colleges and Universities (NCICU) have announced that PayBack’s Procure-Through-Pay For A Greater Purpose program for Higher Education has been endorsed by NCICU as part of its Collaboration Initiative for its 36 colleges and universities. After working closely with NCICU in the development of the program, PayBack’s Higher Education program is now available to all 36 NCICU campuses. Institutions using PayBack's programs are projected to achieve savings of more than 10 percent of annual spend through purchase price and funded early pay discounts, returning up to a million dollars a year to a university.

“PayBack’s program offers colleges and universities access to competitively negotiated discounts, early pay and special term financing, and more streamlined procurement and payment processes. The result is improved cash flow and substantial savings for participating NCICU institutions," says NCICU President Hope Williams.

"We're excited to join NCICU's Collaboration Initiative and to offer our innovative procure-through-pay programs to NCICU institutions," says Bob Wood, managing partner of Payback. "Our programs ensure our clients receive the best negotiated purchase prices, receive maximum funded early payment discount sharing, enjoy extended payment terms and experience lower processing and reconciliation costs, with all costs of the program funded from payment discounts suppliers already pay. We are passionate about bridging the 'last mile' of procure-through-pay excellence and helping our clients save time and money."

About NCICU
NCICU is the statewide office for North Carolina's 36 independent, nonprofit institutions of higher education. Formed in 1969, NCICU develops scholarship support, engages in state and federal policy work, and partners with the state's other education sectors. NCICU develops research and information, supports staff development, and coordinates collaboration among NCICU institutions. Those institutions generate over $14.2 billion a year for the state's economy. NCICU institutions employ over 66,000 people and together represent the state's largest private employer. For more information, visit www.ncicu.org.

About PayBack
PayBack delivers innovative procure-through-pay financing and enablement programs that ensure university buyers receive the best negotiated prices, maximum early payment discount sharing, extended payment terms and lower software processing and reconciliation costs while creating a powerful sales channel for suppliers that carries lower marketing, selling and transactions costs. For more information, visit www.payback123.com.

Featured

  • Elevating Campus Maintenance: How Power Wash Drones are Transforming Educational Facilities

    As today’s campuses grow larger and more architecturally complex, keeping exteriors clean, safe, and inviting has never been tougher. Facilities leaders are under constant pressure to stretch budgets, meet safety standards, and support sustainability goals—all while tackling the stubborn challenge of exterior cleaning.

  • California Middle School Completes Two New Academic Buildings

    Sunnyvale Middle School in Sunnyvale, Calif., recently announced that construction is complete on two new classroom buildings of two stories each, according to a district news release. The new wing will house seventh- and eighth-grade students and is part of a larger campus modernization project.

  • Florida SouthWestern State College, Skanska Partner for Humanities Hall Renovation

    Florida SouthWestern State College (FSW) in Fort Myers, Fla., recently announced that it is partnering with construction firm Skanska to renovate the school’s Humanities Hall, according to a news release.

  • University of Rhode Island, Gilbane Partner for Three New Residence Halls

    The University of Rhode Island in Kingston, R.I., recently announced a public-private partnership with construction development firm Gilbane, according to a news release. Gilbane will soon start construction on three new residence halls with a total of 1,100 beds: two with apartment-style suites in northwest campus, and a reconstruction of the Graduate Village Apartments for graduate students.

Digital Edition