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1888 Press Release – The report finds that colleges and universities may be better prepared for automated payment solutions than other industries, but lag behind when it comes to front-end automation.

McLean, VA – Corcentric, a leading provider of Accounts Payable automation and electronic invoicing solutions, announced today that it has been featured in the recent Purchase to Pay in Higher Education Report from PayStream Advisors.

The report polled a group of higher education executives who participated in PayStream’s electronic invoicing and invoice workflow automation surveys and compared the findings to those of other industries who had taken part in earlier surveys.

Colleges and universities today, like most companies, are working to become more efficient through the introduction of automated solutions. Unlike most for-profit companies, however, institutes of higher learning, though they tend to have a centralized payment department, are highly decentralized when it comes to their purchasing and reporting structures. The result is a reliance on manual handling of paper invoices flowing in from a variety of departments and campuses, and this, in turn, often results in poor recordkeeping, slow payments to vendors, and missed discounts. Although they lag behind other industries in implementing workflow automation and e-invoicing, institutes of higher learning are demonstrably ahead of these same industries when it comes to electronic payments.

Among the findings of this report:• Only 17% see themselves as innovators making significant investments in automation as compared to 31% of those in other industries.• Yet 50% of educational institutions say they have adopted some advanced technology and are evaluating solutions as compared to 33% from other industries.• On the front end, colleges and universities are using or planning to use the following technologies: front-end imaging (42%) and OCR/automated data capture (33%).• When it comes to electronic payments, however, 83% of education executives said they are using or planning to use the technology in the next six months, and 75% said the same for P-cards.• For those institutions that have implemented e-invoicing, 71% identify increased on-time payments and increased ability to capture discounts as the primary benefits, compared to 32% and 36% respectively for other industries.• When asked to name their biggest challenge, 86% of colleges and universities identified supplier adoption as compared to 56% for other industries.

“What is clear from this report is that institutes of higher education have, in many cases, taken the initial steps toward invoice and workflow automation but are concerned and cautious about their next moves. However, when they take a closer look, these same institutions understand how implementing these processes will enable them to streamline their AP processes, track all invoices and documentation, and access valuable analytics tools to improve their departmental performance,” Said Rob DeVincent, Vice President of Product Development at Corcentric.

With the use of quizzes, questions, and reflection prompts, Socrative is a formative assessment tool that enables instructors and students to monitor learning and advancement in real time throughout class.

Does it improve language proficiency and skills?
Although Socrative doesn’t directly improve skills, it indirectly does so by assisting instructors in determining whether or not their students are comprehending anything. Let’s imagine that students are reading a text from their course book, for instance. The questions you want students to respond to might be turned into a quiz.

They read the content, take the exam on Socrative, and you can view each student’s responses right away. To assist the class read more effectively, you may spot issues and then work to solve them together. When teaching a language, you may use the Quick Socrative answer and Question feature to confirm that each student is aware of the language’s meaning, structure, and use.

Teachers may design tests
Whatever the instructor and students are working on in class, this tool is made to be utilized. That indicates that Socrative doesn’t provide any material. Although quizzes must be created in advance, they may be utilized again afterwards. Teachers may send a link to a quiz to a colleague, but there is presently no way to look for quizzes created by other teachers. Tests are private until they are shared. Teachers must create their own questions for the Quick Question and Exit Ticket features since they are tailored to the current lesson’s material.

It tracks your learning, right?
Socrative’s main objective is to monitor learning. It may be used by teachers to evaluate the whole class, not just the students who raise their hands. As a result, instructors have a greater understanding of what the whole class knows rather than just a select few, which allows them to provide better feedback and decide how to proceed with the lesson or course. The Exit Ticket option on Socrative is my favorite feature. At the conclusion of a session or module, students respond to three questions that encourage them to be more introspective in order to assess their progress and set new objectives.

Introducing social interaction
Although Socrative does not explicitly allow for social interaction, it may be utilized in a group setting in the classroom. A real-time team game is called the Space Race. Quizzes and the Exit Ticket, which asks students to reflect collectively on their learning, may both be completed in pairs or groups. Socrative gives more choice over how students work and get feedback, allowing pairs or teams to work at their own speed and receive either instant feedback or wait for instructor input, even if other tools are better at adding a fun element to their assessment tools.

Educating yourself with language
Socrative offers several chances for students to pick up new abilities while honing their language use. It may be used to evaluate students’ comprehension of other English-language courses, such arithmetic or history. Exit Ticket encourages students to evaluate their education more critically. I don’t intend to be critical of the teachings, but rather of how they performed or went about a task. Students who are more critical start to comprehend how they learn, which may help them do their jobs more successfully in the future.