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TheStreet Open House

SciQuest Joins Sustainable Purchasing Leadership Council Founders Circle

Stocks in this article: SQI

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that the company has joined the Sustainable Purchasing Leadership Council as a member of its Founders Circle. SciQuest joins an impressive group of industry leaders, including government bodies, universities, Fortune 500 companies and standards bodies, to advance the Council’s mission to support and recognize purchasing leadership that accelerates the transition to a prosperous and sustainable future.

The Sustainable Purchasing Leadership Council is a community of professionals dedicated to using the power of sustainable procurement to enhance local and global life. SciQuest joins an esteemed group of organizations representing purchasers, suppliers and market advisors on the Founders Circle. As a member, SciQuest will play an instrumental role supporting and guiding the council by helping to raise capital, focus expertise and build credibility.

“SciQuest has a depth and breadth of expertise that will be invaluable to the Council as we work to accelerate the adoption of practices that simultaneously benefit institutional purchasers and society as a whole,” said Jason Pearson, executive director of the Sustainable Purchasing Leadership Council. “Truly sustainable purchasing starts with a strategic analysis of the social, environmental, and economic costs and benefits associated with the overall spending portfolio of an organization, and the SciQuest team brings insight, experience, and practical tools for the integration of this approach into existing purchasing processes and best practices across a wide range of organizations. We welcome SciQuest’s participation with enthusiasm.”

“We’ve found that the procurement function is becoming increasingly strategic not only as a business driver, but as an element of corporate social responsibility,” said Brian Daniels, vice president of spend analysis at SciQuest. “Organizations have a responsibility to ensure that sustainability is a part of their purchasing agenda. The Sustainable Purchasing Leadership Council’s goal to help buyers efficiently incorporate sustainability into procurement decisions dovetails with SciQuest’s mission to help customers gain increased visibility into and control over spending processes. We look forward to working as a part of this dedicated community of professionals to advance this important initiative.”

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