Despite its bucolic campus setting, Cornell University faced intense pressure to minimize spending while maintaining its prestigious reputation. As manager of Cornell’s $500 million annual procurement budget, Tom Romantic was responsible for maximizing the value of every dollar the University spent—from cafeteria trays to radio telescopes.
In 2008, as the national economy weakened, Romantic knew that budget cuts were looming, and that he would have to reduce spending without compromising the University’s high standards. Romantic needed to use a scalpel rather than a chainsaw, but there was a problem: the software he inherited when he took the job was simply not up to the task.
- Achieved an immediate savings of $145K with annual savings of $31 million by 2015
- Eliminated the need for costly data warehousing
- Reduced costs without affecting procurement receivables
- Database Management
- Procurement Management speciﬁcally designed for the educational industry
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One year after the Rocket U2 and Spend Viz implementation, Romantic was able to report an immediate savings of $145,000 to the Cornell University CFO. Total savings has grown to more than 31 million dollars annually, a signiﬁcant return on investment in the Rocket-powered Spend Viz toolset.