This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SciQuest Powers Award-Winning Strategic Purchasing For University Of Maine System

Stocks in this article: SQI

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that the University of Maine System, a SciQuest customer since 2010, has been recognized with the prestigious National Association of Education Procurement (NAEP) 2013 Award for Excellence in Procurement. The University of Maine System joins a long, distinguished list of SciQuest customers honored by the NAEP. The award is given to collegiate organizations nationwide that best demonstrate their ability to support their school’s mission through the application of purchasing best practices.

The University of Maine System, the state’s largest educational enterprise with seven universities, received the award for building a restructured procurement organization that allows the organization to reduce costs, increase institutional productivity, collaborate with other state institutions of higher learning, and invest the realized savings into improved student learning.

“Winning this award is an honor, and we’re thrilled to receive this positive feedback from our peers within the industry,” said Kevin Carr, Director, Office of Strategic Procurement at the University of Maine System. “The achievements recognized by this award represent the tremendous effort and collaboration of dedicated staff across the institution. Together, and building upon the foundation provided by SciQuest’s business automation solutions, we’ve been able to cut costs, simplify processes and gain unprecedented transparency into our spending data. This has not only saved money for the University, but more importantly allowed us to focus on the University’s core mission of education, research, and public service instead of being burdened by cumbersome, time-consuming manual processes.”

NAEP Award winners are selected based on several criteria, including: scope and complexity of the endeavor; technological planning and leadership; benefit to the institution and key constituents; and demonstration of excellence and professionalism. Previous SciQuest customers who have won the NAEP Award for Excellence in Procurement include the University of California, San Diego (2011), Emory University (2010), Rensselaer Polytechnic Institute (2009), the University of Missouri (2009), Virginia Polytechnic Institute (2008) and the University of Pennsylvania (2007).

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,897.40 +92.60 0.52%
S&P 500 2,069.91 -0.74 -0.04%
NASDAQ 4,765.0150 -0.3650 -0.01%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs