Introduction

In its electronic invoicing and invoice workflow automation surveys, PayStream Advisors polled a group of higher education executives and compared the findings with results from other industries and previous surveys. The 2014 survey revealed

• Are more likely than companies in other industries to have a centralized
• payment department.
• Are less likely than other industry sectors to say that they are “innovators” in
• using payables automation.
• Still continue to receive a vast majority of invoices on paper. As such, they
• receive a low amount of electronic invoices compared to other industry
• sectors.
• Typically pay less than half of their vendors through electronic means.
• Consider the biggest impediments to moving from paper-based to electronic
• processes to be gaining supplier adoption and integrating with in-house
• technologies.

Table Of Contents

Introduction....................................................................................... 1
Executive Summary.......................................................................... 2
ePayables in Higher Education......................................................... 3
State of ePayables in Higher Education........................................... 4
Finding an Automated Solution......................................................... 9
Selecting an ePayables Solution...................................................... 10
Selecting a Solution Provider............................................................ 12
Conclusion........................................................................................ 14
SciQuest Inc..................................................................................... 15
Corcentric......................................................................................... 19
About PayStream Advisors, Inc......................................................... 23