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ESM ends 2018 with big wins, new integrations, more upgrades

Spend management technology firm hits record revenues and profits as growth rate doubles from the previous year.

Warrington, PA — ESM, a leading global provider of spend management solutions, achieved another year of corporate milestones and growth in 2018, collaborating with industry leaders, increasing its investment in research and development and celebrating big customer wins.

Here are some of the 2018 successes ESM is celebrating:

Ellucian Ethos Integration

ESM was the first eProcurement provider and among the very first tech companies worldwide to connect its own solutions with Ellucian Ethos, a new technology platform that offers a single, open and extensible architecture to support modernization and innovation on college campuses.

Created by Ellucian, a leading maker of higher education software, Ethos uses real-time APIs to provide seamless and constant visibility, control and management of electronic transactions.

Now, with Ellucian Ethos integration, users can fully integrate their Ellucian ERPs with ESM’s procurement solutions and enjoy a streamlined approach that ensures data flows seamlessly between systems and applications. For its work, ESM won Ellucian’s 2018 Engagement Award.

Technology Upgrades

In 2018, ESM continued to invest heavily in research and development, doubling its development resources as it did in 2017. The additional headcount allowed the company to add new capabilities including:

  • An integration with CardConnect, a leading provider of payment processing and technology solutions that helps more than 150,000 organizations accept billions of dollars in credit card transactions each year. The partnership boosts ESM customers’ protection against fraud and cyber-attacks and provides robust transaction management tools.
  • Seamless connectivity to PowerSchool, a leading K-12 technology platform that includes cloud-based finance, HR and payroll applications and its popular student information system.
  • An ESM Storeroom module that unifies physical stores directly into the spend management platform increasing visibility and operational efficiencies while eliminating redundant spending.
  • A supplier management platform where users can centralize data, automate workflows and eliminate fraud.

Major Wins

In 2018, many new customers signed on with ESM to take advantage of ESM’s full suite of spend management solutions.  Some new customers include The University System of Alabama, NC State University, University of New Haven and the School District of Lancaster. Concurrently, ESM’s global expansion gathered pace, particularly with organizations in the United Arab Emirates such as the University of Sharjah.

Transformative Solution

ESM continues to help organizations revolutionize their spend management practices as they move from paper processes or other providers. Our solutions allow users to fully automate the entire procure-to-pay process.

“Our team at ESM has worked hard to deliver a product that is transforming the way organizations manage their spend,” ESM CEO Anthony Rotoli said. “There is much more to come in 2019 as we continue to grow the organization.”

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