RESEARCH TRIANGLE PARK, N.C., Nov. 15, 2016 /PRNewswire/ -- SciQuest, a leading provider of spend management solutions, today announced its latest suite of holistic platform upgrades, that collectively address many of the primary concerns for increased collaboration, visibility, compliance and contract management, within the procurement space. The cornerstone of this release is SciQuest's Adaptive Event Management. Logo - http://photos.prnewswire.com/prnh/20161114/439212LOGO Adaptive Event Management allows suppliers to adjust their bids on the fly based on real-time feedback from buyers. Enhancements in item consolidation provide analysis impacts prior to change, and guarantee the best cost from suppliers on similar items."We have seen a demand for tools that provide stronger communication and increased collaboration between buyers and suppliers within the marketplace this year," says Susan Avery, editor in chief of My Purchasing Center. SciQuest 16.3 also delivers compliance and visibility solutions to answer the needs of global buyers and suppliers. Global e-invoicing compliance is enhanced with the addition of TrustWeaver, which maintains the integrity of e-invoices for local government VAT and sales tax. SciQuest's new contract service management provides greater visibility and control of contracts and reporting for better decision-making. "16.3 represents the first step in realizing our new vision for the company, which began with wrapping developments around customer needs. We have installed a new management team and delineated a new product roadmap that will provide our customers with the most complete and powerful suite of procurement solutions available in 2017 and beyond," says Zia Zahari, SciQuest's chief technology officer.