Case Study: Yeshiva University achieves faster payments and streamlined procurement with Information Builders' iWay Service Manager

Yeshiva University Renews Its Technology Heritage With iWay

Yeshiva University, a multi-campus institution in New York City and Israel, needed to tighten fiscal controls and make its administrative systems more efficient. The university sought to improve cash flow, reduce procurement costs, streamline accounts payable, and create a real-time link between researchers and shared equipment while integrating data from legacy systems.

Yeshiva deployed Information Builders’ iWay Service Manager to automate procure-to-pay workflows and connect legacy financial systems to JPMorgan Chase’s single‑use accounts (SUA) payments and a new shared facility management system (SFMS). The integration enabled near-instant vendor payments, automated monitoring and reporting, real-time grant validation for equipment reservations, reduced manual effort, faster reconciliation, an expected $30M in annual procurement channeled through preferred contracts, roughly $300K in yearly rebates, and significant staff efficiencies.

Yeshiva University

Jack Zencheck

Associate Vice President Business Services