SciQuest Content-Driven Spend Management Solutions Selected By Scripps Research Institute
One of the World's Largest Independent Biomedical Research Organizations Leverages Leading e-Procurement Solution to Drive Sustainable Savings
Research Triangle Park, NC - SciQuest, Inc., a leading provider of on-demand spend management solutions, announced today that Scripps Research Institute, an independent biomedical research organization, has signed a multi-year agreement for SciQuest's content-driven spend management suite of applications to drive sustainable savings throughout its Florida and California sites.
"SciQuest was able to provide us with an easy to use, robust solution that will allow our researchers to easily connect to (hundreds) of suppliers and an extensive catalog of content resulting in increased user adoption and significant savings through spend management," said Tom Gilmartin, director of procurement at Scripps Research Institute. "This, combined with their unique category experience in life sciences, was a critical component of our decision to make them a part of our strategic initiatives."
SciQuest allows organizations such as Scripps to utilize a completely Web-based e-procurement environment that integrates with and adds value to their existing technology investments such as ERP or financial systems.
By adopting a content-driven spend management strategy, organizations are able to:
- Increase adoption of existing procurement systems by giving end-users one interface for all purchasing needs
- Eliminate the hassles of managing content or connections for multiple suppliers
- Automate transactions with a broader base of suppliers
- Drive more spend to preferred vendors and reduce maverick spend
- Improve spend visibility for better spend analysis and reporting
"Scripps Research Institute recognized the need to connect their existing ERP system with a solution that will help them increase value from their supplier relationships and gain greater control of their spend," said Stephen Wiehe, president & CEO at SciQuest. "By providing them with content-driven spend management solutions, SciQuest is able to help them maximize the value of their investment and deliver savings to their bottom line.
About The Scripps Research Institute
The Scripps Research Institute, headquartered in La Jolla, California, in 14 buildings on 100 acres overlooking the Pacific Ocean, is one of the world's largest independent, non-profit biomedical research organizations. It stands at the forefront of basic biomedical science that seeks to comprehend the most fundamental processes of life. Scripps Research is internationally recognized for its research into immunology, molecular and cellular biology, chemistry, neurosciences, autoimmune, cardiovascular, and infectious diseases, and synthetic vaccine development. Established in its current configuration in 1961, it employs approximately 3,000 scientists, postdoctoral fellows, scientific and other technicians, doctoral degree graduate students, and administrative and technical support personnel.
About SciQuest
SciQuest provides content-driven spend management solutions that help customers gain greater visibility and control over their spend.
Through its supplier network, SciQuest aggregates detailed supplier content and enables supplier connectivity, providing a purchasing experience that drives user adoption and contract compliance.
By leveraging SciQuest's expertise in on-demand content management and procurement automation, customers can rapidly improve efficiency and capture unrealized savings.
Many of the world's leading organizations rely on SciQuest solutions such as Biogen Idec, GlaxoSmithKline, Pfizer, Roche, Schering-Plough, Arizona State University, Indiana University, University of Michigan, University of Nevada, Reno and University of Pennsylvania.
For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100.
Source: SciQuest