July 13, 2005

SciQuest Inc. today announces the availability of HigherMarkets Express and SelectSite Express, it's latest additions to its family of B2B supplier management tools.

Based on SciQuest’s proven best-in-class technology, these comprehensive B2B and e-procurement solutions come completely preconfigured, allowing quick implementation with minimal IT support.

“After receiving many requests from the mid-tier market, we decided to meet the market’s demand with a cost-effective, easy-to-use procurement solution specifically designed for those organizations,” said Jamie Duke, chief operating officer for SciQuest. “Our experience in providing large enterprises with world class supplier management and procurement automation technology makes us well-positioned to bring this preconfigured solution to the mid-market.”

SelectSite Express, designed for the commercial market, and HigherMarkets Express, designed for the higher education market, provide mid-sized organizations a complete web-based e-procurement solution that includes the following features and benefits:

One-Stop Shopping Interface
--- Speeds product selection with intuitive search tools
--- Promotes preferred vendors and contract pricing
--- Reduces data entry and errors with point-and-click requisitioning

Electronic Workflow
--- Eliminates delays of paper-based approval routing
--- Provides visibility into order status
--- Places orders with suppliers automatically

Data Aggregation
--- Accommodates all purchasing in one system
--- Provides visibility into organizational spend
--- Helps identify strategic savings opportunities

“Current market conditions are putting pressure on time resources as well as budgets,” Duke observed. “Mid-sized organizations are particularly constrained. Our Express solutions can help save time and money, allowing organizations to reallocate more resources to their strategic initiatives.”

Source: D-Business News Triangle