PayStream Advisors’ Financial Integration Report Highlights Unimarket
Annapolis, MD – Unimarket, the leading provider of easy-to-use software that brings procurement into one place, was recently featured in a new Financial Integration Research Report by PayStream Advisors, a business process automation research and advisory firm, that explores current integration trends among North American Procurement and Accounts Payable Departments.
PayStream Advisors’ “Integrating Purchasing and Payables” report explores benefits of back-office synchronization
Paystream Advisors’ report, titled “Integrating Purchasing and Payables,” highlights the value, benefits, and risks of integrating procurement and accounts payable (AP) departments, as well as how automation of the procure-to-pay process can significantly improve the health and strength of an organization’s cash flow and bottom line. The “Integrating Purchasing and Payables” report is now available for download via Unimarket’s website here.
While organizations have traditionally operated their procurement and accounts payable departments independently of one another, PayStream Advisors found that many organizations already have some degree of integration between their procurement and accounts payable departments or are headed in that direction. The reasons behind this shift range from cost savings and higher productivity to greater control over spend.
Paystream Advisors’ “Integrating Purchasing and Payables” report also includes research statistics and insights on:
- Risks and benefits of integrating purchasing and payables processes
- P2P automation designed to support purchasing and payables integration
- Integration project best practices
Unimarket was featured in the report as an example of how a software platform can aid in the integration process. Unimarket automates many of the time-consuming manual tasks across the entire purchasing lifecycle, allowing organizations more time to make better strategic decisions.
“Unimarket is thrilled that PayStream Advisors included us in its in-depth study on integrating procurement and accounts payable,” said Peter Kane, Unimarket CEO. “At Unimarket, our commitment has always been to create simple, easy-to-use software that brings our customers’ procurement all into one place. This report shows what we’ve seen time and time again – procurement and accounts payable are really part of one process that can be integrated to increase efficiency, lower costs and boosts savings.”
Jimmy LeFever, director of research and consulting for PayStream said, “We appreciate Unimarket’s continued support and sponsorship of the Integrating Purchasing and Payables report. This year’s report highlights the value that unifying these two traditionally siloed departments brings to any organization’s bottom line. It’s important to recognize that best practice automation starts with culture and process. Organizations have to first change their thinking before they approach software. With this in mind, organizations can use this report to help them begin process improvement, and to learn more about how leading solutions like Unimarket help with integration.”
Unimarket’s user-friendly, cloud-based procurement system brings spend management into one place in a simple, easy-to-use solution. With more than 10 years in procurement and a multitude of higher education, government, banking and healthcare customers across the globe, Unimarket understands what customers need and how to best get them to their goals.
Unimarket provides sourcing, contracts, procurement, invoicing, payments, expenses and a growing supplier marketplace on a unified SaaS platform. This efficient, user-friendly technology brings together buyers with suppliers, streamlines the procurement process and delivers real value.
Unimarket is more than just its innovative procurement technology; the company aims to provide software that users love to work with and to be the company that customers love to do business with. Find out how Unimarket can make your procurement process easier at unimarket.com.
About Paystream Advisors
PayStream Advisors is a research and advisory firm focused on business process automation in sourcing, supply chain management, procurement, accounts payable, payments, and expense management. PayStream’s team of experts provide targeted research and consulting services to address the changing needs of finance and procurement professionals. In short, they are dedicated to maximizing the returns and lowering the risks associated with technology investment. PayStream’s research reports, white papers, webinars, and tools are available free of charge at paystreamadvisors.com. PayStream Advisors is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture, and DevOps.
For more information, contact Unimarket at 888.868.5929 or info @ unimarket.com.