CARY, N.C., Jan. 26 /PRNewswire/ -- SciQuest, Inc., the global software leader empowering enterprises to realize the potential of strategic procurement, today announced that the University of Texas at Dallas (UT Dallas) will implement the company's full suite of eprocurement solutions. With the signing of UT Dallas, SciQuest's rapidly growing customer base now includes five universities and five health centers in the University of Texas system.
"The deployment of SciQuest will allow us to gain real-time visibility over spending, eliminate time-consuming and costly tasks, and stretch the value of every dollar," said Dr. Calvin Jamison, vice president of business affairs at the University of Texas at Dallas. "SciQuest delivers the capabilities required to utilize strategic sourcing and purchasing techniques, including participation in consortium communities, that will enable us to capitalize on procurement's proven ability to drive bottom line results -- all while increasing the value of our new financial system of record from PeopleSoft. This valuable tool is another great addition to our 'Tier One' infrastructure goal!"
Designed to be tightly integrated with financial management and enterprise resource planning (ERP) systems, the SciQuest suite of solutions covers all facets of the purchasing process from sourcing to settlement. For procurement leaders, SciQuest delivers the insight and control required to aggregate buying power, negotiate better terms and conditions with suppliers, and funnel purchases to those contracts that deliver the most value. Financial leaders gain unprecedented real-time visibility over spending.
The SciQuest suite of on-demand eprocurement solutions requires limited IT resources. Faculty and staff will be able to quickly and easily attain the supplies they need online in one system -- ensuring that UT Dallas achieves the user adoption required to consolidate its buying power for maximum impact.
Dr. Jamison noted additional reasons for selection including SciQuest's proven track record delivering savings and efficiencies, as well as exceptional endorsements from the more than 100 well-known colleges and universities -- including those in the University of Texas system -- already using SciQuest.
In addition to deploying SciQuest university-wide, UT Dallas will collaborate with other University of Texas institutions that use SciQuest to share purchasing resources and create a single, powerful buying consortium capable of negotiating even more competitive terms and conditions with suppliers. Functionality within the SciQuest suite of solutions will also enable participating universities to more effectively achieve spending goals related to local economic development, sustainability and support of small disadvantaged or minority-owned businesses.
"Institutions that deploy our solutions university-wide typically reduce the costs of goods and services by 20 percent or more," said Stephen Wiehe, president and CEO of SciQuest. "Those savings increase when they use our solutions to create powerful consortium communities comprised of multiple institutions. The University of Texas at Dallas should be applauded not only for proactively working to do more with its resources, but also for doing so with a vision to benefit the larger University of Texas system."
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 and contract adoption 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.
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SOURCE SciQuest, Inc.