Case Study: Higher Education Funding Council for England achieves sector-wide eMarketplace efficiency with cloudBuy

Higher Education Funding Council for England - Customer Case Study

Higher Education Funding Council for England (HEFCE), on behalf of UK universities and further education colleges, needed an EU-compliant contract management system with a fully integrated eMarketplace to replace a legacy contract database and give the sector a single buying platform. cloudBuy was selected to support this requirement with its contract management and marketplace solution.

cloudBuy implemented a sector-wide eMarketplace and contract management platform, including the Generic E-Marketplace (GeM), enabling institutions to buy from contracted suppliers using purchasing cards and flow payment to suppliers quickly. The solution provided real-time supplier-managed catalogs, secure payment integration, rich transaction data, and benefits such as one point of contact for suppliers, full visibility of contract usage, prompt supplier payment, and cashable savings for institutions; the sector’s spend through national and regional contracts was around £220m.

Higher Education Funding Council for England