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

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

  • K12 Tutoring Earns Every Student Succeeds Act Level II Validation

    Personalized online tutoring service K12 Tutoring recently announced that it has received Level II validation underneath the Every Student Succeeds Act (ESSA), according to a news release. The independently validated study provides evidence of K12 Tutoring’s role in creating positive student outcomes through effective academic intervention and research-based solutions.

  • modern college building with circuit and brain motifs

    Anthropic Introduces Claude for Education

    Anthropic has launched a version of its Claude AI assistant tailored for higher education institutions. Claude for Education "gives academic institutions secure, reliable AI access for their entire community," the company said, to enable colleges and universities to develop and implement AI-enabled approaches across teaching, learning, and administration.

  • Design Firm Populous Acquires Fentress Architects

    Design firm Populous, which specializes in sports and entertainment venues, recently announced its acquisition of Fentress Architects, based in Denver, Colo., according to a news release. Fentress’ primary focus is aviation projects and public buildings like museums, convention centers, and government facilities

  • KI Wall Demonstrates New Solutions at NeoCon 2025

    KI Wall attended NeoCon 2025 in Chicago, Ill., last month to showcase its new architectural wall systems and collaborations, according to a news release. Its customizable, design-forward wall solutions are intended to support creativity in work, education, and healthcare environments.

Digital Edition