Business Services Department To kick off the upcoming fiscal and academic year, the Business...

Business Services Department

To kick off the upcoming fiscal and academic year, the Business Services

Department would like to take a moment to wish you a successful 2016…

But also,

to say a big ‘Thank You’

For the great things we accomplished

in 2015…

So…

Thank You! for partnering with us over the last year to make the University of Arkansas such a

remarkable place to work, learn, and conduct research!

Over 1,200 of you…

spent almost $70 million

in our

RazorBuy Shopping Mall!

You’ve been busy…

Sending over 31,000+ Purchase Orders…

To over 7,000 Suppliers!

Using University cooperative contracts and catalogs in RazorBuy has enabled you to make purchases off competitively bid contracts and save your department and the University…

$Lots of Money!

YEAH!

APPLAUSE!

So…

Thank You! for using the purchasing tools we provide

to help us all work smarter and faster!

Using RazorBuy enables the university to

use technology to work smarter…

For example, we now process supplier payments and employee reimbursements…

Faster than ever before…

Did you know, the majority of employee reimbursements are now processed within ONE business day!

And eBusiness PCard transactions…

You spent almost $14 million in FY15…

161 Sam’s MasterCard and 67,679 Visa transactions…

WOW!

That’s an increase in PCard transactions from FY14 to FY15 of 3%...

We’re averaging almost 6,000 PCard transactions every month!

And TCard transactions…

You spent $10,397,759 million in FY15 on over 42,027 transactions!

That is a 13% increase over FY14!

Way To Go!

And invoices…You’ve Kept us Busy!

The last benchmark report references over 67,737 invoices for over $253,711,922

and we’re not done yet…

We are processing more and more every month!

Whew!

Because you’ve embraced these procurement tools, the Procurement Department has been able to work smarter and faster for you…

We’re honored to be recognized as leaders in Arkansas Higher Education Procurement.

Excellence

in Procurement

is our passion!

100’s came to Purchasing Plus training…

1,000’s attended Supplier Showcases…

And more of you than we can count welcomed Business Services staff to meetings…

So, from ALL of us in Business Services

to ALL of you…

Thank You!For everything you do…

And for letting us help you

along the way!

Business Services Department