Universities aim to boost marketplace with Impaq

4 August 2004
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05 August 2004 | David Arminas

HEeP, an e-procurement marketplace for the higher education sector, is to offer Impaq's purchase order management system to encourage more university suppliers to trade electronically.

The xDE (extensible document exchange) solution from Impaq, a provider of supply chain, financial and purchasing software, allows suppliers to receive orders and send invoices electronically, and links these processes to their back-office systems.

Buyers shop on suppliers' websites using a virtual "shopping basket" to pick up items.

When an order is placed, a requisition is sent to the university's finance system for approval and submitted electronically to the supplier for receipt into its sales order system.

When the order is complete, the supplier can return electronic invoices for payment.

Buyers can also capture an invoice generated in a supplier's back-office system, translate the information and send it electronically to a university's finance system for payment.

Tony Oliver, director of HEeP, said: "Impaq's low entry cost e-procurement solution should help supplier take-up of the HEeP marketplace, increase electronic trading between universities and suppliers and bring significant cost savings."

For suppliers without a website capability, Impaq has integrated this solution with @UK plc's hosted website services.

Impaq also has a consultancy service to help suppliers connect their websites to both their back-office systems and universities' finance systems.

SMaug2004

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