Tennessee Independent Colleges and Universities Association Collaborate with Other States to Form the Coalition for College Cost Savings (CCCS)
“The purpose of the Coalition is to improve business efficiency and contain costs,” said Susanna Baxter, Vice President for Member Services and Grants at TICUA. “We work with participating non-profit higher education member organizations and their member colleges to pool our resources and increase negotiating power.”
Currently, the Coalition includes eleven-member private college associations that serve 300 private colleges and universities and over 789,000 students across the nation (please see attachment for al list of members). Collaboration among smaller independent colleges and universities yields greater strength in the purchasing marketplace, cost reduction in institution purchasing, and more efficient business operations. The unique feature of this coalition of colleges is the primary focus on the sharing of information and resources so that every institution, regardless of size, can retain negotiating power in their low-dollar transactions.
The first contract through the Coalition—the Procurement Card (P-Card) Program—offers private colleges and universities across the country a payment solution that saves participating institutions hundreds of thousands of dollars.
Since the P-Card program’s inception in December 2004, more than 30 colleges in over 15 states has signed on to the program (please see attachment for a list of members). The P-Card program provides immediate financial rewards to all participating colleges and universities as they multiply campus resources through the increased process efficiency.
The P-Card program, which is under contract with JPMorganChase, is similar to a credit card, yet it offers more institutional control than is customary with credit cards. This MasterCard® product utilizes Smart Data OnLine™, a web-based card management system. This web-based system gives institutions control to set spending limits, manage purchases, and provides participating institutions the ability to conduct electronic expense reporting. On-line training, procurement cards, and access to 30 reports regarding card utilization are provided to participating institutions at no charge through this program.
While membership in the CCCS is encouraged by private higher education membership organizations, it is not required to take advantage of the contracts offered through the Coalition.
“The early stages of this collaboration show that by working together and sharing our resources, private higher education can stretch their limited resources further through collective action,” Baxter noted.
The Coalition for College Cost Savings (CCCS)—a group of non-profit higher education member organizations—seeks to help institutions improve business processes and contain costs through collaboration. For more information, please visit www.thecoalition.us.
MasterCard® and Smart Data OnLine™ are registered trademarks of MasterCard International.
Participating Members in the Coalition on College Costs Savings (CCCS)
Independent Colleges of
Michigan Colleges Foundation
Participating Members in the Procurement Card (P-Card) Program
Georgia Foundation for Independent Colleges
The Federation for
Oregon Independent Colleges Association