MORRISVILLE, N.C.--(BUSINESS WIRE)--SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that Vulcan Materials Company (NYSE:VMC), the nation's largest producer of construction aggregates, has selected SciQuest to help with spend analysis and management. Using SciQuest’s Spend Radar solution, Vulcan Materials now has reporting visibility into spend categories related to their Accounts Payable, Purchase Order and PCard transactions.
SciQuest’s Spend Radar allows customers, including Vulcan Materials, to conduct the comprehensive analysis necessary to drive and measure cost savings. Vulcan’s procurement professionals are now able to build critical reports with only three clicks – a process that sometimes took weeks prior to using SciQuest. By providing clean, actionable spend analytics data, particularly through grouping duplicate suppliers together and automated classification of transactions, SciQuest delivers timely access to quality organization-wide spend from all spend data sources.
“We were looking for a solution that would correctly classify and consolidate data from a lot of different payment mechanisms, from PCard to Purchase Order,” said Pete Roberts, director, procurement at Vulcan Materials Company. “We had struggled for years trying to classify our spend efficiently in order to identify savings opportunities. Spend Radar has provided an intuitive and efficient service to meet that need. We appreciate the professionalism and efficiency that the SciQuest team has put into this project and are seeing fast results.”
“It was important that Vulcan be able to classify their data to the line-item detail in order to get a very detailed and accurate view of their spending,” said Michelle Perkins, product marketing manager at SciQuest. “Our solution is allowing Vulcan to visualize high-quality, high-volume spend analytics data in days instead of weeks.”
SciQuest (NASDAQ:SQI) is the largest publicly held pure-play provider of cloud-based business automation solutions for spend management – offering deep domain knowledge and a leading, customer-driven portfolio. SciQuest solutions enable greater visibility and compliance organization-wide to help you gain control, optimize efficiencies and reduce spend. These cloud-based solutions are easier to implement and proven to deliver measurable, sustainable value with SciQuest’s high-touch support, analysis and automation. Learn more about our solutions and how we can help your organization turn spending into savings at www.sciquest.com.
About Vulcan Materials
Vulcan Materials Company, a member of the S&P 500 index, is the nation's foremost producer of construction aggregates and a major producer of asphalt mix and concrete. For additional information about Vulcan, go to www.vulcanmaterials.com.
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