AI TOOL PROFILE
Unimarket: Source-to-Pay and Spend Management Software
- Operations
- Procurement
- Procurement leaders
- Finance and AP managers
- Sustainability leaders
- Education and Healthcare organizations
- Government agencies
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Procurement leaders, Finance and AP managers, Sustainability leaders, Education and Healthcare organizations, Government agencies
- Key use cases
- Sourcing Process Management, Digital Invoice Processing, Spend Visibility, Expense Reimbursement
- Integrations
- Ellucian Banner, Ellucian Colleague, Workday, Oracle, TechnologyOne
- Official website
- Visit unimarket official website
How AI is used
Unimarket is a source-to-pay platform designed to provide visibility and control over organizational spending. The software includes modular tools covering sourcing, contract management, e-procurement, and automated invoicing.
It serves organizations in the education, healthcare, and government sectors, helping these entities digitize purchasing workflows and manage supplier relationships in a centralized system.
Key functionality includes AI-powered categorization for spend analysis, rules-based matching for invoices, and configurable approval paths to support budget discipline. It also offers an expense management module for processing reimbursements.
Buyers should confirm their ERP compatibility, as Unimarket is designed to integrate with systems such as Workday, Oracle, and SAP to ensure the ERP remains the system of record.
Key Features
Electronic Invoicing
Supports automated invoicing with rules-based matching and calculation validation.
AI-Powered Categorization
Uses AI for UNSPSC categorization to help organize and analyze spend data.
Configurable Approval Workflows
Supports custom routing for purchase requisitions and expense claims.
Spend Controls
Provides budget and spend controls to help manage maverick spending.
Contract Repository
A searchable central location for managing vendor and supplier agreements.
Payment Fraud Prevention
Includes security tools and risk scoring to help mitigate payment fraud.
Expense Management
Allows users to submit electronic expense claims with attached receipts via browser-based or mobile access.
Use Cases
Sourcing Process Management
Managing the sourcing process from procurement planning and supplier discovery through to evaluation and award.
Digital Invoice Processing
Using a virtual mailroom and automated matching to reduce manual invoice data entry.
Spend Visibility
Tracking organizational spending in real time via dashboards to identify cost-saving opportunities.
Expense Reimbursement
Digitizing the submission, approval, and payment of employee travel and entertainment expenses.
Integrations
- Ellucian Banner
- Ellucian Colleague
- Workday
- Oracle
- TechnologyOne
- SAP
FAQ
What does Unimarket do?
- Unimarket is a source-to-pay platform that provides tools for sourcing, contract management, e-procurement, invoicing, and expense management.
Can Unimarket be used as a standalone expense tool?
- Yes, Unimarket Expenses can be used as a standalone solution, though some advanced features require the eProcurement or Marketplace modules.
Which ERPs does Unimarket integrate with?
- Unimarket supports integrations with several ERPs, including Ellucian Banner, Ellucian Colleague, Workday, Oracle, TechnologyOne, and SAP.
How is Unimarket priced?
- Specific pricing is not publicly listed and is based on unique organizational requirements; buyers must contact the company for a custom quote.
Source category: Operations
Source subcategory: Procurement
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