MRO Magazine

SciQuest Expands Global Supplier Network


September 22, 2015
By Business Wire News

MORRISVILLE, N.C.

SciQuest, Inc. (Nasdaq: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that it has opened the SciQuest Supplier Network to include all vendors and has significantly streamlined the registration process, making it much easier for new suppliers to join. The SciQuest Supplier Network, a global online portal that enables strategic interactions between customers and vendors, now allows customers to discover an even wider range of suppliers, while creating more opportunities for suppliers to connect with prospective clients.

With the latest program enhancements, any supplier can request to join the SciQuest Supplier Network and become part of the searchable network directory, which continues to be available without transaction-based or access fees. Suppliers can increase their exposure to more than 500 SciQuest global customers across industries including healthcare providers, universities, transportation and retail.

SciQuest’s unique Supplier Network connects suppliers with buyers, enabling both parties to achieve maximum benefit from automating the source-to-settle process. Network participants can also:

  • Develop and manage a company profile, showcasing products and offers to SciQuest’s network of procurement and sourcing organizations
  • Review and respond to notifications or communications received from current and potential customers
  • Access experienced support personnel and various training materials

In addition to the vendor benefits, SciQuest’s Supplier Network allows users to research suppliers to find the ones that best meet their sourcing and procurement needs. With a growing number of suppliers in the network, SciQuest customers can experience greater supplier-introduced innovation, enhanced price competition, and new vendors that can fill gaps or improve existing supply chains.

“With the SciQuest Supplier Network, we always have access to the best product to fit our needs, the most updated negotiated price, and clear and complete descriptions of each product to avoid internal purchasing confusion,” said Mark Burch, director of procurement at the Fred Hutchinson Cancer Institute. “As the network expands, we can also discover new vendors. We can continue to make intelligent and strategic purchase decisions that ultimately help the organization in our cancer research efforts.”

“Suppliers and buyers form the most critical links for all commerce and it is our mission to make it easy for customers to find and work with suppliers,” said Teresa Jamison, vice president of customer operations at SciQuest. “Opening up and making it easier for vendors to join SciQuest’s Supplier Network gives customers access to a dynamic registry of suppliers in one easy-to-use portal, accommodating more options for improving spending practices across their organizations.”

About SciQuest

SciQuest (Nasdaq: SQI) spend management solutions enable procurement, sourcing and financial professionals to focus on strategic decisions that transform business processes. Our feature-rich products and expert services help hundreds of organizations, including leading global companies, drive bottom line results by improving, automating and optimizing their source-to-settle processes.

Learn more about our solutions and how we can help your organization turn spending into savings at http://www.sciquest.com.

To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @SciQuest.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks are discussed in “Part I, Item 1A, Risk Factors” and elsewhere in SciQuest’s most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission (“SEC”). The company’s SEC reports are available free of charge on the SEC’s website at http://www.sec.gov or on the company’s website at http://www.sciquest.com. These forward-looking statements speak only as of the date hereof, and SciQuest undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

SciQuest, Inc.
Media contact:
Roberta Patterson, 919-659-2230
rpatterson@sciquest.com
or
Edelman for SciQuest, Inc.
Megan Smith, 404-832-6776
Megan.Smith3@edelman.com
or
Investor contact:
Jamie Andelman, 919-659-2322
jandelman@sciquest.com