Corcentric Featured in New PayStream Advisors Purchase to Pay in Higher Education Report

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.

Exploring Kemerovo State University: Location and Hostel Life

Introduction

Nestled in the heart of Siberia, Kemerovo State University (KemSU) stands as a beacon of academic excellence and cultural enrichment. Established in 1974, KemSU has grown into one of the prominent educational institutions in Russia, attracting students from all over the world. This blog delves into the location of Kemerovo State University and the vibrant hostel life it offers to its students.

Location: The Heart of Kemerovo

City Overview Kemerovo, the administrative center of Kemerovo Oblast, is a bustling city known for its rich history, cultural heritage, and industrial significance. Located on the banks of the Tom River, the city offers a blend of natural beauty and urban amenities. The climate is typically Siberian, with cold winters and warm summers, making it a unique place to experience all four seasons in their full glory.

University Campus Kemerovo State University is strategically located in the central part of Kemerovo, making it easily accessible from different parts of the city. The main campus is a hub of academic activity, featuring modern classrooms, well-equipped laboratories, and extensive libraries. The campus is also home to several research centers, fostering an environment of innovation and scholarly pursuit.

Getting There The university is well-connected by public transport, including buses and trams, ensuring that students can commute easily. For those traveling from other regions or countries, Kemerovo International Airport offers regular flights, and the city’s railway station connects to major cities across Russia.

Hostel Life: A Home Away from Home

Accommodation Facilities KemSU provides comfortable and affordable hostel accommodation for its students. The hostels are located within walking distance from the main campus, ensuring that students can conveniently attend their classes and participate in campus activities.

Room Types The university offers a variety of room types to cater to different needs. Students can choose from single, double, or triple occupancy rooms. Each room is furnished with essential amenities, including beds, study tables, chairs, and storage spaces. The hostels are designed to create a conducive environment for studying and relaxation.

Amenities The hostels at KemSU are equipped with a range of facilities to make students’ lives comfortable and enjoyable. Common areas include kitchens, laundry rooms, and recreation areas. High-speed internet connectivity is available throughout the hostels, allowing students to stay connected with their families and keep up with their studies.

Community Life Living in the hostel provides students with a unique opportunity to build lasting friendships and engage in a multicultural environment. The university organizes various events and activities, such as cultural festivals, sports tournaments, and academic workshops, fostering a strong sense of community among students.

Safety and Support Student safety is a top priority at KemSU. The hostels are secured with 24/7 security services, and the university’s administration is always available to assist students with any concerns. Additionally, the university provides medical support through on-campus health services, ensuring students have access to necessary healthcare.

Conclusion

Kemerovo State University offers a vibrant and enriching environment for students from all walks of life. Its strategic location in the heart of Kemerovo and the comprehensive hostel facilities make it an ideal place for academic and personal growth. Whether you’re a local resident or an international student, KemSU promises a memorable and transformative educational experience.

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