ESM Purchase

ESM Purchase is an intelligent marketplace designed to enhance spend management for educational institutions. According to ESM Solutions Corporation, the product offers a dynamic purchasing ecosystem powered by community insight, providing convenience, intelligence, and collaboration to streamline the procurement process. This solution caters to educational institutions of all sizes, including K-12 schools, colleges, and universities. Procurement professionals, finance professionals, administrators, teachers, educators, and IT professionals in the education sector can benefit from the features and functionalities of ESM Purchase.

Key Features

Convenience: ESM Purchase offers intuitive shopping tools and automated approvals, aiming to connect buyers to the resources they need. According to the vendor, it aims to streamline the procurement process by providing a convenient and user-friendly shopping experience, allowing buyers to easily search for items across catalogs and categories.

Intelligence: According to ESM Solutions Corporation, ESM Purchase provides intelligent tools and analytics to influence buyer behavior and support better spend-performance. The vendor claims it offers insights to help optimize spending decisions, prioritizes suppliers based on specific criteria, and leverages data-driven insights to drive cost savings and improve procurement strategies.

Community Collaboration: ESM Purchase aims to foster collaboration and communication between different stakeholders involved in the procurement process, according to the vendor. It provides a unified purchasing ecosystem that aims to help procurement and finance professionals collaborate more effectively. The vendor states that it also promotes supplier diversity and sustainability by prioritizing specific suppliers, supporting local businesses, and encouraging cost savings through intelligent supplier selection.

Holistic View of Institutional Spend: According to ESM Solutions Corporation, ESM Purchase allows educational institutions to understand their non-payroll spend without the need for lengthy reports or complicated spreadsheets. The vendor claims that it provides real-time visibility into institutional spend, synchronizes purchasing data with the finance system, and enables tracking and analysis of spending patterns to identify cost-saving opportunities.

Convenient Shopping Experience: ESM Purchase aims to offer a single marketplace where buyers can search for items across catalogs and categories, according to the vendor. It aims to enable purchases from preferred suppliers and against established contracts, guiding buyers through the purchase process with automated workflows. The vendor states that the approval and receipt process is simplified, providing a seamless shopping experience.

Influence Buyer Behavior: According to ESM Solutions Corporation, ESM Purchase prioritizes suppliers based on specific criteria, aiming to simplify the buying experience and improve compliance. The vendor claims that it supports initiatives such as promoting diversity suppliers, championing sustainability, and supporting local businesses. The platform aims to encourage cost savings by directing buyers towards more economical options and provides intelligent tools and recommendations to influence buyer decisions.

Support for Procurement Community: ESM Purchase aims to create a unified purchasing ecosystem that allows stakeholders to collaborate more effectively, according to the vendor. It provides real-time visibility into supplier usage, order approvals, and transaction processing. The vendor claims that role-based workflows and automated approval routing improve compliance management, enabling intelligent collaboration between buyers, approvers, and receivers.