MORRISVILLE, N.C.--(BUSINESS WIRE)--SciQuest, Inc. a leading provider of spend management solutions delivering value beyond savings, today announced that the University Corporation for Atmospheric Research (UCAR) will implement the SciQuest Source-to-Settle Suite to drive modernization of sourcing and procurement functions.
With SciQuest’s comprehensive and configurable suite of solutions, UCAR will have fully integrated applications to maximize efficiencies and increase visibility into organizational spend.
UCAR will implement the following source-to-settle solutions:
- 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.
- Spend Radar, to conduct the comprehensive, accurate analysis necessary to drive and measure cost saving.
- 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.
- 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.
- 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.
“We are passionate problem solvers, committed to empowering our customers through actionable spend intelligence,” said Stephen Wiehe, president and CEO of SciQuest.
The University Corporation for Atmospheric Research (UCAR) is a non-profit consortium of more than 100 North American member colleges and universities focused on research and training in the atmospheric and related Earth system sciences.
About SciQuest
SciQuest is a leading provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com.
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