The Department of Innovation, Universities and Skills (DIUS) has been instructed to save £1.9bn, including £400m in 2010-11, mainly through making the research councils, universities and colleges “more efficient” as a result of the 2009 budget.
Universities are worried that the savings will lead to a reduction in their overall funding, particularly for teaching, and for widening participation to low-income families and ethnic minorities.
Universities have been hard pressed to “do more with less.” With this backdrop, it not surprising for the public sectors to follow the lead of private companies in using advanced Sourcing and purchasing technologies hitherto available only to large organisations to drive down cost and improve efficiency.
With an On-Demand deployment model, companies pay predictable fees to gets the results of efficient strategic sourcing and competitive bidding without worrying about managing software and hardware or stretching their already slim IT staff to manage the technology infrastructure.
More and more Education and public sector organisations are using the power of these new Spend Management delivery platforms to achieve significant savings that can then be put to work in other areas. And the added intangible is that it also makes the Sourcing process more transparent.
James Samuels, CEO of Claritum Said - “We’re seeing huge demand for our SaaS spend management application from both private and public sectors. The combination of spend analysis, sourcing, e-procurement, supplier network and catalogue delivers significant and measurable benefits.”
Our clients love the low upfront costs, small ongoing commitment leading to a quick ROI and significant hard cash savings. We have a number of leading Universities using the Claritum System, that have announced 17-25% savings and there’s more to come