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SciQuest Upgrades Spend Automation Solution Suite by Improving Supplier Collaboration, Providing Greater Visibility into Procurement Activities, and Introducing Redesigned E-sourcing ProductCARY, N.C. --(Business Wire)-- SciQuest, Inc. (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced the new version of its award-winning spend automation suite. Building on the company's commitment to comprehensive, easy-to-use solutions for improving the source-to-pay cycle, this release enables customers to expand collaboration with suppliers while extending visibility further into procurement activities, ultimately helping customers to turn spending into a strategic source of savings. SciQuest's spend automation solutions span the entire source-to-settle process, helping organizations manage spending, suppliers, contracts, sourcing, shopping, inventory, and accounts payable more efficiently. The latest version of the suite includes the company's completely redesigned Sourcing Director product. Developed to provide an intuitive and efficient user experience for professional buyers and casual users alike, the next-generation Sourcing Director product delivers a centrally-managed e-sourcing solution for automating the entire sourcing cycle, from event creation to supplier evaluation and awarding. Deep integration with other SciQuest products, including Total Supplier Manager, enables buyers to further increase their efficiency, while allowing suppliers to manage their profiles and responses to sourcing opportunities from a central location. "SciQuest's ability to automate processes like supplier management and purchasing have enabled us to reduce costs, improve efficiency and gain a higher level of transparency into organization-wide spending processes," said Karmen Milton, Assistant Director of Purchasing at Georgia State University. "We are continually impressed by the level of commitment SciQuest demonstrates to delivering customer-driven enhancements." The remainder of the upgraded suite delivers significant new or improved capablities, including:
"We are committed to developing a customer-driven, best-in-class suite of spend management applications that help customers achieve greater visibility and compliance organization-wide to gain control, optimize efficiencies, and reduce spend," said Mark Digman, Vice President, Product Marketing and Strategy for SciQuest. "This combination of depth, breadth and integration is unique in its ability to enable customers to leverage their supplier, sourcing, contracting, procurement and invoicing strategies to drive further value for their organizations." The new version of SciQuest's spend management suite is available immediately. For more information, please visit www.SciQuest.com. About SciQuest SciQuest (NASDAQ: SQI) is the largest publicly held pure-play provider of cloud-based business automation solutions for spend management - offering deep domain knowledge and a leading, customer-driven portfolio. SciQuest solutions enable greater visibility and compliance organization-wide to help you gain control, optimize efficiencies and reduce spend. These cloud-based solutions are easier to implement and proven to deliver measurable, sustainable value with SciQuest's high-touch support, analysis and automation. Learn more about our solutions and how we can help your organization turn spending into savings at www.sciquest.com. To join the conversation, please visit our blog, The Open Kitchen at http://www.sciquest.com/blog - or follow us on Twitter (News - Alert) @SciQuest.
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