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SciQuest Launches Newest Version Of EProcurement Platform

Stocks in this article: SQI

SciQuest, Inc., (NASDAQ: SQI) a provider of on-demand source-to-settle solutions, today announced an enhanced version of its eProcurement solution suite that features an improved shopping experience, more robust reporting functionality and streamlined purchasing processes. SciQuest’s comprehensive, SaaS-based source-to-settle platform enables organizations to focus on strategic purchasing while increasing efficiencies and cost savings.

The latest version of the SciQuest platform boasts a number of customer-driven features designed to make it easier for organizations to process and approve purchase orders and payments. For instance, improved searching capabilities help organizations find and access past purchase orders, invoices and other essential materials more quickly. Additionally, the order and payments approvals process has been streamlined, allowing organizations to process orders and invoices more efficiently.

Additional platform highlights include:

  • Improved shopping experience—New features geared toward improving communication between shoppers and users. For example, the system will offer recommendations based on previous shopping patterns.
  • Greater visibility—Enhanced reporting functionality provides users with deeper insights into the estimated duration of each step in the source-to-settle process. Comprehensive reports help organizations better understand the overall purchasing cycle, identify areas for improvement and determine how many orders are being processed electronically versus manually.
  • Spotlight suppliers—Setting up a supplier showcase is now more convenient with organizations able to highlight suppliers, further driving more responsible spending.

“Our customers are looking to achieve even greater savings throughout their entire organizations. SciQuest’s comprehensive source-to-settle platform features deeper reporting capabilities and enhances our user-friendly environment, expanding the knowledge and insights that turn spending into a source of savings,” said Gamble Heffernan, senior vice president of strategy and marketing, SciQuest. “We work closely with our customers to ensure they are armed with the innovative tools required to succeed in a rapidly changing purchasing environment. The product feedback and comments provided by our customer base are key drivers of our product innovation, as we strive to answer ‘what is the problem our customer is trying to solve?’”

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