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SciQuest Introduces Enhanced Translation Services For Spend Analysis

Stocks in this article: SQI

SciQuest, Inc. (NASDAQ: SQI) a leading provider of cloud-based spend management solutions, today announced enhanced translation services for its Spend Radar spend analysis solution. By automating the translation of large international data sets, SciQuest enables organizations to consolidate, cleanse and classify spend data from across the globe to perform accurate spend analysis that drives cost reductions. SciQuest acquired the assets of Spend Radar in September 2012 to further extend the capabilities of its spend management solutions suite.

With enhanced translation services, SciQuest’s Spend Radar solution now enables organizations and procurement departments to translate an entire column of spend data into 32 languages, then view and save reports. By ensuring the accuracy of this global data, Spend Radar enables organizations to easily analyze international spending data, identifying new costs savings and ensuring purchasing compliance.

“Organizations often struggle to gain control of global spend data that is collected in multiple languages and currencies,” said Brian Daniels, SciQuest’s vice president, spend analysis. “SciQuest Spend Radar now automates the translation of this information, resulting in actionable and accurate spend data that drives true cost savings. SciQuest continues to develop and deliver a comprehensive set of spend management solutions that enable its global customers to more intelligently reduce spending costs and improve purchasing process efficiencies.”

In addition to enhanced translation services, SciQuest Spend Radar continues to speed up the data processing times by improving the data loading process with new FTP services. With Spend Radar’s real-time data processing and reporting, organizations can more quickly analyze comprehensive and accurate datasets that help uncover hidden spend savings, driving cost reductions across geographies.

About SciQuest

SciQuest’s (NASDAQ: SQI) easy to use solutions help contract management, procurement, and accounts payable professionals make daily operations efficient through smart automation, and turn the focus on more strategic decisions that impact the bottom line. With unmatched visibility into spending, combined with the Power of Q — the Company’s unique combination of products and support — SciQuest provides organizations with a strategic approach to spend management, improving bottom-line results.

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