You are receiving this email as part of a free information service from University Business Magazine.   Are you concerned about common mistakes while streamlining your purchasing processes?   As you know, state budgets for higher education are continually being reduced. To lessen the impact on tuition and salaries, many schools are attempting to cut costs by streamlining purchasing processes and consolidating spend. However, implementing e-Procurement software to streamline purchasing processes can result in unforeseen problems. For example: 1. Customers who did not insist on a software trial have reported back: Gaps in product functionality Inability of the solution to map to specific business processes 2. Customers underestimated the time required to staff and launch the new project: Unintentionally committing 70-80% of their IT budgets to keep the system up and running Find out how to avoid these problems and learn about 8 other common missteps in the attached white paper: "Avoiding the 10 Most Common Mistakes in Selecting and Implementing e-Procurement Solutions"   According to a study from the Aberdeen Group, "Ineffective control and management of supplier contracts cost businesses $153 billion per year in missed savings opportunities."       This message was mailed to [EMAIL] as part of a free information service from University Business. University Business is the magazine for university presidents, business officers and top higher education executives. To make sure you receive your University Business emails, add partneremail@ubmagazine.com to your address book. View our Privacy Policy. To unsubscribe from these informational messages, please click here. Published by: University Business, 488 Main Ave., Norwalk, CT, 06851 [COPYRIGHT]