Simplexis Says 'Watch Our (Chalk) Dust'
D. Geller - September 1, 2000

Event Summary

The Department of Education estimates that a single requisition costs a school district between $100 and $175 to process. With 16,000 school districts (serving 100,000 schools) writing a total 0f 25 million requisitions each year, there's a lot of money to be saved by converting to electronic purchasing. Simplexis believes that it can cut the cost of a requisition to about $25. Furthermore, with savings through aggregation on the annual purchases of $70 billion at the K-12 level, Simplexis predicts it will be responsible for saving schools a total of $10 billion over the next five years...