SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced that the company received a PayStream Advisors’ Excellence Award in recognition of its work in the healthcare industry. PayStream Advisors spotlighted SciQuest’s Spend Director Enterprise solution in the Technology Innovation in Healthcare Procure-to-Pay Automation category for its ability to streamline the purchasing process with on-contract vendors, reducing overall spend for customers. SciQuest was honored with the award at the PayStream Advisors’ Summit luncheon on September 18.
“The PayStream Advisors’ Excellence Awards recognize organizations that have demonstrated excellence and innovation in their purchase-to-pay processes and the technology providers that offer best-of-breed solutions,” said Henry Ijams, managing director, PayStream Advisors. “SciQuest’s Spend Director Enterprise solution delivers the superior levels of innovation and bottom-line results that we look for in our Excellence Award winners. We are proud to honor SciQuest with the award in this year’s Technology Innovation in Healthcare Procure-to-Pay Automation category.”
SciQuest Spend Director Enterprise is a private, one-stop eMarketplace that enables users to shop for products from preferred suppliers, enforcing contract compliance at the point of requisitioning. By seamlessly integrating item master content and the contract repository into the eMarketplace, SciQuest Spend Director greatly enhances product details at the time of purchase. In addition, a robust search engine, coupled with SciQuest’s supplier enablement services, creates a shopping experience designed for ease of use for the shopper, allowing them to efficiently purchase goods and services critical to the success of their organization.
“The healthcare market is constantly striving to reduce spending while improving patient care,” said Jason Liner, product marketing director, SciQuest. “SciQuest’s eProcurement, contract management and accounts payable solutions help leading organizations, including Resource Optimization and Innovation (ROi), Sisters of Mercy Health System, gain more control over spending to reduce costs and improve operational efficiency. We are honored that our ongoing innovation and commitment to this market has been recognized with a PayStream Advisors’ Excellence Award.”