Small, Private Colleges Choose SciQuest HigherMarkets Express as their Eprocurement Solution

CARY, N.C., Nov. 3 /PRNewswire/ -- SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced that Bryn Mawr and Haverford College have joined forces to bring spending under management with a more strategic approach to procurement. In addition to leveraging their combined buying power to negotiate better terms and conditions, and drive down the cost of goods and services with suppliers, they have licensed SciQuest's HigherMarkets Express.

"The strong collegiate ties we share with Haverford and our drive to extend collaboration in core administrative areas made working together on eprocurement a natural next step when we looked at ways to more effectively control costs," said John Griffith, chief financial officer for Bryn Mawr. "SciQuest brings exceptional references in the higher education market, a deep understanding of the procurement needs of smaller schools, and the flexibility to grow with us as our requirements change over time, making them the best choice. We look forward to making this a successful relationship."

HigherMarkets Express is an eprocurement solution designed to meet the needs of mid-sized colleges, community colleges and universities. It provides the essential capabilities of eprocurement--including SciQuest's flagship online shopping platform--that smaller purchasing departments need to automate the procurement process and bring spending under management. An on-demand solution, HigherMarkets Express can be easily deployed and maintained with limited IT involvement and integrates with existing enterprise resource planning (ERP) systems.

"Bryn Mawr and Haverford are excellent examples of smaller colleges taking advantage of technology solutions and outsourced services to make the most of their purchasing power and develop stronger relationships with the suppliers that serve them, which ultimately benefits everyone," said Stephen Wiehe, president and CEO of SciQuest. "We are seeing an uptick in the use of SciQuest's on-demand software for mid-market schools, as it provides the ideal collaborative framework--with the visibility into spending that is required--to make eprocurement a viable, long-term approach to controlling costs."

SciQuest makes the entire purchasing process transparent. Users easily purchase the goods and services they need online in one system that provides procurement and financial leaders with the real-time visibility over spending they need to negotiate preferred contracts, achieve volume discounts and enforce contract compliance--all while eliminating the time-consuming paperwork and administrative tasks that govern the typical purchasing process.

About SciQuest

SciQuest's procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions.

SciQuest's deep understanding of its served vertical markets combined with a broad supplier network and intuitive, online shopping experience increase user adoption and contract compliance while improving operational efficiencies. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution to augment existing ERP investments or fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit www.sciQuest.com or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.

    SciQuest media contact:
    Ken Phillips
    Davies Murphy Group
    781-418-2437
    sciQuest@daviesmurphy.com

SOURCE SciQuest, Inc.

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