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Rice University Purchases SciQuest's eProcurement System
Date:5/27/2008

CARY, N.C., May 27 /PRNewswire/ -- SciQuest, Inc., the global leader in helping academic, healthcare and research-centric organizations realize the potential of strategic procurement, today announced that Rice University has selected SciQuest's eprocurement solutions to support its online purchasing program. Rice is a prestigious, private research university located in Houston, Texas.

SciQuest's eprocurement technology automates purchases made by all users and addresses the unique needs of researchers who often make individual purchases of complex materials. SciQuest also provides a fast shopping experience and dedicated marketplace of scientific suppliers that can be critical for researchers.

"In looking for a new procurement system, we wanted technology that was simple enough for everyone on campus to use and complex enough to address the unique challenges of the research environment," said Brian Soika, director of procurement at Rice University.

SciQuest's system is designed to help Rice streamline and electronically route orders from users for approval. Rice also plans to use the system to consolidate the University's purchasing power and negotiate more favorable contracts, and to provide more detailed information about University spending.

Rice's eprocurement system will include SciQuest's Spend Director(TM) module -- a supplier enablement, catalog management and shopping platform. The company's Order Manager and Requisition Manager modules will handle back-end operations through a single integration point with suppliers. The system will be integrated with the University's SunGard Higher Education Banner Finance solution.

"It surprises many when they learn that leading organizations are using eprocurement not only to save money and make the faculty and staffs' lives easier, but also to create a more expedient and effective research environment," said Stephen Wiehe, president and CEO of SciQuest. "Time and money are cruc
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SOURCE SciQuest, Inc.
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