March 2025

As we ‘march’ closer to revolutionizing the University’s purchasing and payment processing infrastructure with the implementation of Unimarket, we wish to share key highlights of this fully automated Procure-to-Pay system.

By moving to a “paperless” environment, we will save on costs and achieve a higher level of transparency and compliance, as well as more efficient processing.

What are some of the expected benefits of this eProcurement implementation?

With minimal effort required of them to register to participate in Unimarket, Seton Hall will continue to work with many of its current vendors and suppliers.

Look for a soft launch later in April when select employees from key divisions (serving as beta-testers) will go shopping in Unimarket for their goods and services with system implementation completing in July.  These beta-testers will become Unimarket Subject Matter Experts who will also help define initial access for others in their areas.

Questions / suggestions / concerns on Unimarket and other Finance initiatives? Contact us at: OfficeoftheCFO@shu.edu. 

Ed Bishof
Interim Vice President for Finance and Chief Financial Officer

Browser: An employee authorized to shop in Unimarket and place items in their shopping cart but cannot complete the purchase / commit the funds.

Buyer: An employee authorized to shop and buy in Unimarket.  Buyers have budget authority to complete the purchase.

Encumbrance:

A commitment of budget that has not yet been paid.  Once paid, the actual expense goes up and the encumbrance goes down.  Encumbered funds make sure there's enough money set aside to meet specific obligations and purposes.

The Procurement Office is responsible for: onboarding and maintaining relationships with vendors, suppliers, independent contractors, etc.; examining and processing purchase orders; negotiating terms and conditions with new business partners and opening up negotiations with existing partners as appropriate to improve Seton Hall’s purchasing power; and lastly, but certainly not least, managing Unimarket!

The Office of Procurement staff:

Finance Open Forums

The next Finance Open Forum on the South Orange campus will be on May 7 at 2 p.m. (location along with event registration link to be announced in upcoming Finance Bulletin).

Additionally, we will host an Open Forum at the Law School on April 22 at 3 p.m. and at the IHS campus on April 23 at 3 p.m.

CTP Travel Services Training

Virtual training (via Teams) on how to use Collegiate Travel Planners’ (CTP) “Lightning Tool” to book non-Athletics travel will be offered next week:

Contact Information:
Division of Finance
Bayley Hall, 2nd Floor
OfficeoftheCFO@shu.edu