SciQuest Announces Release of Enhanced Eprocurement and Supplier Enablement Solutions

SciQuest Announces Release of Enhanced Eprocurement and Supplier Enablement
Solutions
New Features and Functionality Further Streamline the Leading On-Demand
Platform for Automating the Purchasing Process from Sourcing to Settlement

CARY, N.C., Aug. 5 /PRNewswire/ -- SciQuest, Inc., the global leader
empowering enterprises to realize the potential of strategic procurement,
today announced enhancements to the company's on-demand eprocurement and
supplier enablement solution suite. The enhancements included in the August
3rd product release are designed to further streamline the procurement
function for SciQuest's customers. Offered through the software-as-a-service
(SaaS) model, product releases of SciQuest's on-demand solutions are scheduled
three times each year.
This latest release includes new capabilities that further hone what many
deem to be the industry's most intuitive, user friendly and complete
eprocurement platform available. Some of the many new features and
functionality unveiled in the release include:
-- The Purchasing Showcase: SciQuest's Purchasing Showcase makes it easier
than ever for procurement departments to promote and direct spending towards
preferred vendors. Prominently located on the application's home page, the
Purchasing Showcase makes vendor logos, product promotions, and service as
well as product request forms readily available for quick access. Selecting
from among available vendors with pre-negotiated contracts in place has never
been easier. For suppliers, the resulting online marketing real estate and
visibility provides even greater incentive to offer greater savings and value.
-- Invoice Workflow Capabilities: For procurement professionals, few tasks
are as time-consuming as manually matching invoices to purchase orders to
ensure accuracy and appropriate payment. New capabilities within SciQuest's
solutions automate this process and significantly decrease the number of
invoices and credit memos that must be reviewed by Accounts Payable personnel.
As a result, SciQuest's customers gain a fast and easy solution to one of the
most pressing challenges facing Accounts Payable departments: Discrepancies
between invoices and purchase orders can amount to millions of dollars of over
payments for organizations where thousands of invoices are submitted each
year.
-- Search Features: SciQuest's latest release includes expanded use of
product images. When a user utilizes one of the many powerful search options
within the company's solutions, product images are included directly in the
results. This greatly improves the buying experience, makes users more
self-sufficient and frees procurement professionals to assist customers on
more strategic initiatives, such as providing assistance with big-ticket
purchases.
-- Contract Management Enhancements: SciQuest's latest release further
enhances the use of negotiated contracts across the entire organization.
SciQuest Contract Manager seamlessly links purchase orders with their
governing contracts and promotes available contracts for services and other
non-product items directly in the search results, ensuring a high level of
contract compliance. New graphical dashboards direct contract administrators
to high priority activities, allowing a greater volume of contracts to be
managed more effectively.
"The enhancements included in the latest product release reflect our
belief that the customer should always be at the center of the development
process," said Jamie Duke, chief operating officer at SciQuest. "The new
features and functionality are the result of our continual dialogue with
customers on how we can constantly improve our solutions and help them achieve
even greater success."
SciQuest's customers automatically receive all enhancements following a
training and in-parallel test period that ensures customers are familiar with
new features and that any changes on the SciQuest network complement users'
systems and processes. A customer-focused development process based on
customer focus groups further ensures that all improvements reflect the direct
input and evolving needs of procurement and financial leaders who rely on the
company's solutions.
"SciQuest's solution is already the industry's most intuitive and
user-friendly eprocurement platform and, when you add in the related support
services, the combination is extremely supportive of our procurement and
business needs," said John Mayes, associate vice president and chief
procurement officer at Yale University, a SciQuest customer since 2002. (Mayes
is also the former manager of IT for the Yale School of Medicine.) "From an IT
management perspective, it's crucial that upgrades and new releases be managed
with customers' needs in mind. The process SciQuest follows is extremely well
managed and results in a collaborative, effective and virtually transparent
maintenance exercise."
SciQuest's product development initiatives and process for new releases
contributed to a 100 percent subscription renewal rate in 2007 for the
company's on-demand solutions-an unheard of feat in the software industry that
underscores SciQuest's focus on customer service and satisfaction.
About SciQuest
SciQuest's procurement automation and supplier enablement solutions
empower leading organizations to realize the potential of strategic
procurement. The company's specialized knowledge, on-demand software, and
service-first approach enable public and private enterprises across the globe
to manage spend, drive ROI, and advance their critical missions.
SciQuest's deep understanding of its served vertical markets combined with
a broad supplier network and intuitive, online shopping experience increase
user and contract adoption while improving operational efficiencies. Through
software-as-a-service (SaaS) deployment, organizations can quickly implement
the right eprocurement solution to augment existing ERP investments or fully
enable all aspects of purchasing from sourcing to settlement.
For more information about SciQuest, please visit http://www.sciquest.com
or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.
SciQuest is a registered trademark of SciQuest, Inc. Other trademarks
contained herein remain the property of their respective owners.
SciQuest media contact:
Ken Phillips
Davies Murphy Group
781-418-2437
kphillips@daviesmurphy.com

SOURCE SciQuest, Inc.

Ken Phillips of Davies Murphy Group for SciQuest, +1-781-418-2437,
kphillips@daviesmurphy.com