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

  • Round Rock ISD Completes New Early College High School

    Round Rock ISD near Austin, Texas, recently announced that construction is complete on a new, 46,500-square-foot campus for Early College High School, according to a news release. The new facility will allow the school’s students and staff to move from portables into a permanent building and increase its enrollment to 500.

  • Pitzer College

    Designing for Change in Higher Ed Learning Environments

    Higher education will continue to evolve, and learning environments must evolve with it. By prioritizing adaptable infrastructure, thoughtful reuse, strong energy performance, and wellness-centered design, campuses can create spaces that support learning today while remaining flexible for the future.

  • textured paper collage shows a school building on fire as a fire truck sprays water into the flames

    Why a Fire Loss Is More than Flames

    We've all seen what fire damage can do to a property, but the types of damage building owners often encounter after a fire loss can exceed expectations. Having full awareness of the different forms of damage properties can sustain helps owners respond faster, reduce continued damage, and get back on the road to recovery in short order.

  • LSU Breaks Ground on $200M Residential Project

    Louisiana State University in Baton Rouge, La., recently broke ground on a new residential complex, according to university news. The South Quad residential project will consist of two buildings and add a total of 1,266 beds for freshmen students. The development comes with a price tag of $200 million, and it’s scheduled to open to students in fall 2027.

Digital Edition