On September 5, 2023, OfficeScapes, Colorado’s leading furnishings solution partner, and Elements studio started doing business as Slate. This DBA (“doing business as”) change will now take effect in CU Marketplace.
The Procurement Service Center (PSC) is excited to announce a significant redesign of CU Marketplace which is set to launch in Fall 2024. Developed in collaboration with campus partners, this redesign will enhance the user experience and streamline procurement processes.
On the last day of the fiscal year, a process will run to roll forward encumbrances that are remaining on purchase orders from FY24 to FY25. This means any POs that are not fully invoiced will be rolled forward so that the encumbrance balances accurately reflect purchase orders that are not fully used.
This year, the PSC will be renewing the university’s contract with SAP Concur for our Travel and Expense Management system.
Effective May 1, 2024, the Source Selection & Price Reasonableness (SSPR) form is no longer required for purchases under $50,000. This also means that the sole source justification and associated price cost analysis form is also not required for purchases under $50,000. This adjustment, supported by your campus Controller and Grants & Contracts offices, aims to streamline procurement processes, increase opportunities for local and disadvantaged suppliers, and enhance efficiency.
Get 1 day free off your summer travel in addition to your university discount!
With the support of your campus Controller and Grants & Contracts / Contracts & Grants offices, the Procurement Service Center is pleased to announce that effective May 1, 2024 the Source Selection & Price Reasonableness (SSPR) form will no longer be required for any purchases under $50,000. This streamlined process empowers CU to acquire necessary goods and services more efficiently.
From the PSC Systems team, this latest webinar will focus on the different approver roles in CU Marketplace, give you some tips on preparing for fiscal year-end, and touch on PO encumbrances and the roll-forward process to FY25.
The Procurement Service Center will be hosting No Agenda Forums on all CU campuses in September and October. These forums are Q&A round table events where you can meet PSC staff and ask your procurement-related questions in-person anytime within the event's 2-hour timeframe.
Join us as we cover the details of Concur Procurement Card Expense Report functionality, and how to prepare for accruals and general handling of P-Card expenses at Fiscal Year-End. Whether you are a current or prospective Procurement Card holder or Approving Official, this webinar is tailored for you.