cloudBuy News

cloudBuy announces partnership with Sparkrock to distribute purchasing portals to education organisations in Canada

Dec 10, 2019

cloudBuy, the specialist in secure transactions, has announced a new partnership with Ontario-based software company Sparkrock. The two companies have teamed up to provide an integrated procurement portal with Sparkrock 365 for Canadian K12 and public sector organisations.

The integration with cloudBuy allows Sparkrock customers to benefit from procurement automation to save time, operate more efficiently, and reduce errors. Instead of manually submitting POs, paying vendors, tracking purchases against budget and more, the procurement portal enables customers to find and order what they need seamlessly, automating each step of the purchasing process.

“The cloudBuy purchasing portal is a streamlined and automated way for any organisation to simplify procurement and reduce manual efforts and errors,” says Sparkrock VP of Product and Portfolio Marketing Ryan Tollofson. “When integrated with Sparkrock, it offers our customers an all-in-one solution for end-to-end procurement so they can save time and effort, re-directing resources to more strategic tasks for better student and client outcomes.”

York Region District School Board (YRDSB) has been using cloudBuy in conjunction with Sparkrock 2016 since 2015. The school board has processed more than $5 million and approximately 25,000 invoices using the solution, with more than 99.7% automatically matching and being paid by Scotiabank Visa Payables. The school board went through an RFP process in 2015, simplifying the tender process for other Ontario public sector organisations.

“We needed to find efficiencies in purchasing to address strategic demand and contribute significant value to our board. Under manual systems, users spend a lot of time looking for catalogues, filling out requisition forms, checking on order status and documenting the receipt of goods. These largely manual processes are eliminated with eBuy,” says Bill Vansickle from YRDSB.

“Our users can now manage their school purchasing duties as easily as they order an item from any online shopping platform. We can now track and report on our total spend, take advantage of volume discounts and reduce off-contract buying.”

The solution includes a sliding scale rebate that is available to K-12 and public sector customers, which helps pay for the solution. As the volume of annual spend increases, customers will start to see increased rebates and those using cloudBuy in combination with Scotiabank’s Visa Payables Automation in Canada will see larger rebates.

“We have decades of experience support organisations with a solution that can support all types of vendor and order – from fixed price commodities to variable/price on request services. I’m excited to bring it to Ontario to give public sector organisations a robust purchasing portal,” says cloudBuy chairman Ronald Duncan.

“cloudBuy and Scotiabank are eager to assist onboarding vendors in volume for participating customers to ensure a streamlined experience for everyone using the solution.”

To view the cloudBuy and YRDSB Case Study, click here.

About Sparkrock

Sparkrock is a Microsoft Gold Partner that has been dedicated to serving nonprofit, K12, health and human services, and other social benefit organizations since 2003. Established to bridge the technology gap between nonprofits and commercial enterprises, the company helps over 40,000 nonprofit, K12, and human services users run their organizations and improve the quality of life for the people, families, and communities they serve. By understanding what makes these organizations unique, our purpose-built ERP solutions and certified implementation consultants help reduce complexity and enable our customers to operate more predictably, effectively, and affordably.

About cloudBuy

cloudBuy, (AIM: CBUY), provides cloud solutions for buyers and sellers – and brings them together to trade securely and ethically via an increasing number of public eMarketplaces and private purchasing portals around the world, powered by cloudBuy technology. cloudBuy solutions for buyers help B2B purchasers understand and control their spend, to reduce costs and increase value. Our cloudSell solutions enable sellers of all sizes, from startups to corporates, reach new customers and grow their business.

cloudBuy’s technology platform powers web sites, public marketplaces and private purchasing portals that enable all types of online interactions and relationships including, citizen and business to government; consumer to business; and business to business.