This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The University Of Wisconsin-Madison Selects SciQuest

SciQuest, Inc., (NASDAQ: SQI) a provider of cloud-based spend management solutions, today announced that the University of Wisconsin-Madison (UW-Madison) has selected SciQuest to automate critical business functions and further streamline purchasing processes, gaining deeper insights into spending and increasing overall efficiencies.

The University of Wisconsin–Madison is a leading public research university located in Madison, Wisconsin. UW-Madison is organized into 20 schools with 29,153 undergraduate students, 8,710 graduate students and 2,570 professional students. The University wanted to increase the number of vendors featured in its purchasing platform, driving spend towards approved vendors to ensure maximum savings. There are currently seven vendors on the existing platform and the University plans to increase that number to 40 vendors by the end of the year.

“Adding vendors to our existing purchasing system is a time-consuming and inefficient process. With SciQuest, we can streamline this process, while providing our faculty and employees with an easy-to-use shopping experience that increases overall engagement as well as contract compliance,” said Mike Hardiman, director of procurement, University of Wisconsin-Madison. “SciQuest enables us to direct more spending through the University’s purchasing platform. By capturing more in-depth data on spending, we can also negotiate more strategic contracts, achieve greater savings and gain greater visibility into the entire source-to-settle process.”

As a Wisconsin State Agency, the Department of Administration approved access to SciQuest through its contract with the Western States Contracting Alliance, a multi-state purchasing consortium dedicated to increasing collaboration between states, improving strategic purchasing and expanding overall visibility into spending. Using SciQuest, WSCA and the National Association of State Procurement Officials are able to provide public sector employees and suppliers with an online resource that streamlines the entire purchasing process. SciQuest’s spend management solutions enable colleges and universities of all sizes to automate and manage every aspect of the procure-to-pay process, including sourcing, shopping, requisitioning and accounts payable.

“In order to gain the maximum value from their supplier relationships and existing contracts, it’s critical for organizations to empower employees with the ability to easily find and purchase goods and services from preferred vendors,” said John Fabris, vice president of higher education sales at SciQuest. “By providing its employees with even more flexibility and a wider range of choices, the University of Wisconsin-Madison is turning spending into a source of savings, which helps the higher learning institution more efficiently and effectively meet its educational goals.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,359.33 +7.95 0.05%
S&P 500 1,950.23 +1.37 0.07%
NASDAQ 4,735.4370 -14.5420 -0.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs