Large University System Finds a Unique Financing Option
A Texas university system with several colleges needed a better, more centralized way to obtain software services. Summus Financial Services secured a group discount across all colleges, handled all invoicing separately per institution, and simplified the entire process.
A comprehensive public research university founded 100 years ago with more than 40,000 students, over 150 degree programs, and more than 1,900 faculty members. Located in Texas, this institution is ranked in the top 2% of 20,000+ institutions worldwide.
Challenge
The Texas university system had previously left all software purchases up to each individual college. They wanted to centralize the process and secure a group discount by standardizing on the same software across all colleges — while ensuring each college could still be invoiced separately for their portion of the cost over the lease term.
Solution
Summus Financial Services worked with the system and the software vendor to provide a large group discounted rate over a 3-year period. Summus Financial Services paid the vendor upfront and handled all invoicing to the client — ensuring each college was invoiced separately for the length of the term. The system now enjoys a centralized solution and simplified decision-making process, while saving money.
Summus Financial Services paid the vendor upfront, managed all separate college invoicing, and delivered a group discount — turning a fragmented, decentralized process into a centralized solution that saves money system-wide.
What Summus Financial Services delivered
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Whether you're a single institution or a multi-campus system, our team can structure a solution that simplifies procurement, saves money, and fits how your organization works.
Ryan Danielson — 281.766.0172