• Ability to comply with new and more stringent regulatory requirements

• Timely and simplified access to funding information

• Effective tracking of performance and budget constraints

• Enormous cost pressures from reduced public funds and budget cuts

Paramount’s WorkPlace Suite helps educational institutions improve efficiency and accountability:

• Ability to track requisitions against budgets, receive warnings if over budget and route for approval based on a requisition line item exceeding the budget

• Robust approval process that allows routing to an unlimited number of approvers based on criteria such as $ amount, department, GL Account, etc. and allows the items to be fully approved before creating a purchase order

• Powerful, easy RFQ capability whereby requisitions can be sent to multiple vendors with an email notification, vendors can complete quotes online, and all quotes can be reviewed and awarded based on defined criteria

• Ability to track requisitions against contracts that have been established with vendors and enforce special pricing that has been negotiated with the vendor

• Documented auditable process