Skip to main content
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

  • Rhode Island Boarding School Completes Student Dorm Renovations

    St. George’s School in Middletown, R.I., recently announced the completion of a $26-million renovation project on Arden-Diman-Eccles Dormitory, according to a news release. The school partnered with Voith & Mactavish Architects (VMA) on the new space, which places a new focus on collaborative community spaces open to both boarding students and day students.

  • CU-Lock Haven Receives $1.75M Gift for New Entrepreneurship, Media Center

    Commonwealth University-Lock Haven in Lock Haven, Penn., recently received a $1.75-million donation from entrepreneur and alumnus Nicholas Subich ’17, according to a university news release. The funds will go toward establishing the Nicholas Subich Center for Entrepreneurship and Media, a technology-driven hub for innovation and experiential learning.

  • Stanford Completes Construction on Graduate School of Education Facility

    Stanford University in Stanford, Calif., recently announced the end of construction on a new home for its Graduate School of Education, according to a news release. The university partnered with McCarthy Building Companies on the 160,000-square-foot project, which involved two major renovations and one new construction effort.

  • UT System Approves First Funds for New Campus

    The University of Texas System Board of Regents recently approved funds to build the first facility of a new campus in far west Fort Worth, Texas, according to university news. UTA West will serve as a branch of the University of Texas at Arlington and is scheduled to open in fall 2028.