MORRISVILLE, N.C., Oct. 18, 2016 /PRNewswire/ -- SciQuest, Inc., a leading provider of spend management solutions, today announced Utah Valley University has implemented SciQuest Source-to-Settle suite of products to drive modernization of sourcing and procurement functions. As a member of the Utah System of Higher Education, Utah Valley University joins University of Utah, Utah State University, Weber State University, and Salt Lake Community College who have already implemented the SciQuest Source-to-Settle Suite.
Since implementing the solutions, Utah Valley University has on boarded over 1100 active users and processed over $21M in purchase orders.
Utah Valley University has implemented the following source-to-settle solutions:
- Sourcing Director, to automate the process of creating, managing and awarding a sourcing event, eliminating tedious processes and reducing the time required to conduct routine bidding events by more than half.
- Total Supplier Manager, to achieve a reduction in risk exposure brought by suppliers, a greater depth of and visibility into supplier data, and consistent and accurate supplier data for supporting sourcing and procurement strategies.
- Total Contract Manager, to enable optimization of the entire contract lifecycle, using a single repository for all vendor contracts.
- Spend Director, to transform the procurement function by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation.
- Accounts Payable Director, to eradicate manual data entry, free up valuable resources and present an opportunity to make a significant impact to an organization's bottom line.
"For more than a decade, SciQuest has partnered with university procurement teams so they can attain real-time visibility into spend," said Robert Bonavito, CEO of SciQuest. "We are driven to make Utah Valley University's procurement processes a strategic resource for the university, providing them a centralized source of truth, manage compliance and reduce overall spend to drive long-term cost savings."
About SciQuest Inc.
Some of the largest Commercial, Manufacturing and Life Sciences companies in the world trust SciQuest with billions of dollars of annual spend. Additionally, SciQuest is the leading procure-to-pay provider in the Higher Education and Government sectors. SciQuest eprocurement and strategic sourcing customers across the globe have gained access to the best suppliers, with the best terms, on our scalable, configurable, user-friendly platform. Our SaaS-based, source-to-settle solution provides unparalleled visibility, insights and recommendations to procurement leaders and suppliers. The result is a fluid supply chain driven by powerful spend analysis, comprehensive contract management and efficient accounts payable solutions. Learn how our solutions can power your organization: www.sciquest.com.
SciQuest Media Contact:
Roberta Patterson, 919-659-2230
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