The Candex contract simplifies accounts payable by automating vendor onboarding, invoice capture, and payments through a secure, integrated platform that reduces manual effort, improves compliance, and accelerates payment cycles. Members gain faster vendor onboarding, reduced vendor master maintenance, enhanced fraud prevention, and real-time reporting—all while maintaining control over approvals and compliance.
Candex Solutions, founded in 2011, is a global leader in procurement automation, specializing in streamlining payments and vendor management for educational institutions. Their platform eliminates the need for onboarding single-use suppliers, automates accounts payable, and ensures compliance with tax and audit requirements. Universities benefit from faster payments, reduced administrative overhead, and real-time visibility into transactions. Candex empowers campuses to efficiently manage tail spend, freeing staff to focus on strategic priorities while maintaining robust financial control.
Candex is driven by a commitment to not only increase the speed and efficiency of corporate engagements, but to do so in a way that promotes sustainability. They demonstrate these values in Their operations and through our client offerings. Learn More
The E&I Economic Benefit Model™ (EBM) is a powerful tool that your institution can use to measure and communicate the overall value of its procurement activities. This benefit is derived from three key areas:
Using the EBM, each of E&I’s more than 215 competitively solicited contracts have been scored with a Total Economic Benefit™ (TEB) to member institutions.
The TEB of this Candex Solutions contract is in the range of 0.0-37.0%.
Total Economic Benefit of this Contract:
The Economic Benefit Model TEB is determined from baseline cost comparisons using historical data, competitive intelligence, market benchmarking, vendor quotes, and related criteria.
To learn more, visit EBM or contact your E&I Member Representative.
E&I contract documentation available on this site is being provided for use by E&I members only and shall not be distributed and/or shared outside a member’s institution. Sharing of contract documentation outside the membership of the Cooperative is detrimental to its members and the Cooperative, as it impacts E&I’s ability to negotiate and maintain competitive agreements.
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Complete and submit the Candex Solutions Statement of Intent form to initiate alignment with the E&I contract. Within 2–3 business days of SOI submission, a Candex Solutions representative will contact your institution to discuss your specific needs and outline potential service areas. Candex will provide a tailored Scope of Services Proposal. Contact your E&I Representative at any time for assistance.
Supplier Direct
Once your institution decides to proceed, you’ll finalize the engagement through a Statement of Work (SOW) or MSA. After both parties sign the necessary documentation, Candex Solutions will align your institution to the E&I contract. E&I will follow up to ensure successful enrollment.
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