Procurement
SciQuest Expands Spend Automation Suite
SciQuest, a provider of cloud-based
business automation solutions for managing spending, suppliers, contracts,
sourcing, inventory and accounts payable, otherwise known as "spend
management," has added new features to its SciQuest Spend Management Software
Suite.
Total
Contract Manager is a new addition to the suite and is designed to help
educational institutions "optimize the entire lifecycle of their contracts,"
including contract authoring, negotiation, approvals and execution, according
to information from the company. Contracts are stored in a single contract
repository on SciQuest's platform. The tool also offers native integration with
a Microsoft Word app for contract authoring, so people who are familiar with
Word don't need to learn a new user interface.
SciQuest has also updated Sourcing
Director, an on-demand e-sourcing and bid management tool. New features
enable educational institutions to assign weights to the quality and price of
products and services to help them compare options. A new "reverse auction"
feature is currently in the beta-testing phase and will enable institutions "to
set up and execute auctions and then evaluate results using existing Sourcing
Director features," according to the company.
Other new features of the SciQuest Spend Management Software Suite
include:
- Single sign-on support for the eProcurement mobile app;
- Quick Quote request wizard designed to simplify the requisition
process;
- Updated reporting and ToolTips functionality; and
- Addition of Polish as a supplier language in the Advanced Sourcing
Optimizer.
Further information about the SciQuest Spend Management Software Suite can
be found on the company's
site.
About the Author
Leila Meyer is a technology writer based in British Columbia. She can be reached at [email protected].
