SciQuest Edge™ Delivers Instant Savings
12 July 2016 - 10:00PM
Business Wire
New purchasing program delivers pre-negotiated
discounts from key suppliers
SciQuest, Inc. (Nasdaq: SQI), the leading public provider of
spend management solutions, has delivered the easiest and fastest
way to capture value beyond savings with the new SciQuest Edge
purchasing program. Included with SciQuest’s eProcurement
solutions, SciQuest Edge delivers instant savings with
pre-negotiated discounts from key suppliers.
“SciQuest has leveraged the collective buying power of our user
community to provide discounts to customers quickly and easily,”
said Stephen Wiehe, president and CEO of SciQuest. “With instant
access to preferred suppliers in many critical categories, SciQuest
customers can implement eProcurement solutions even faster without
having to negotiate terms on their own.”
SciQuest Edge allows customers to simply select the applicable
suppliers and products from a comprehensive list, ask that they be
enabled and immediately enjoy discount pricing. Suppliers in
SciQuest Edge have delivered consistent performance over time,
while optimizing integration and communications with SciQuest’s
eProcurement software. The result is a high quality experience with
a high return on investment.
More than just a discount program for buyers, SciQuest Edge
facilitates connections between buyers and suppliers across the
SciQuest community.
“As Lowe’s focuses on meeting our Pro customers whenever and
wherever they choose to interact, Lowe’s looked to align itself
with a market leader in the eProcurement channel and SciQuest is a
clear choice,” said Mike Horn, vice president of ProServices,
Lowe’s Companies Inc. “The SciQuest Edge program is a perfect
example of how small, medium and large businesses across the
country can purchase online from over 1,700 Lowe’s stores and over
500,000 items with the value of SciQuest Edge. Pros using the
SciQuest Edge will have access to all of Lowe’s ProServices
offerings which includes dedicated account managers, in-store
pickup and jobsite delivery for all of their maintenance, repair
and operational needs and more.”
SciQuest Edge also offers customers value beyond savings through
faster implementation of participating suppliers. Eliminating the
need to negotiate terms with key suppliers or even execute sourcing
events, SciQuest Edge gives users access to a wide range of
products and services including office supplies, IT equipment and
background checks.
“SHI chose to participate in SciQuest Edge because it gives us
another opportunity to broadcast our extensive catalog offering
within our newly renovated punch-out site,” said John DAquila,
Director of eCommerce Operations at SHI International Corporation.
“With over 15 years of supporting punch-out catalogs and a large
number of mutual customers with SciQuest, it was a great fit.”
SciQuest Edge is available now at no additional charge for
qualifying SciQuest customers and suppliers. For a list of
participating suppliers and more information, please visit
http://www.sciquest.com/solutions/sciquest-edge.
About SciQuest
SciQuest (Nasdaq: SQI) is the leading public 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.
To join the conversation, please visit our blog
at http://www.sciquest.com/blog or follow us on
Twitter @SciQuest.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or
current facts are forward-looking statements. All forward-looking
statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from any future results, performances or
achievements expressed or implied by the forward-looking
statements. Certain of these risks are discussed in "Part I, Item
1A, Risk Factors" and elsewhere in SciQuest's most recent Annual
Report on Form 10-K and other reports, as filed with the United
States Securities and Exchange Commission ("SEC"). The company's
SEC reports are available free of charge on the SEC's website at
http://www.sec.gov or on the company's website at
http://www.sciquest.com. These forward-looking statements speak
only as of the date hereof, and SciQuest undertakes no obligation
to update, amend or clarify any forward-looking statement for any
reason. Given these risks and uncertainties, investors should not
place undue reliance on forward-looking statements as a prediction
of actual results.
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version on businesswire.com: http://www.businesswire.com/news/home/20160712005332/en/
SciQuest media contact:SciQuest, Inc.Roberta Patterson,
919-659-2230rpatterson@sciquest.comorEdelman for SciQuest,
Inc.:Megan Smith, 404-832-6776Megan.Smith3@edelman.comorSciQuest
investor contact:SciQuest, Inc.Jamie Andelman,
919-659-2322jandelman@sciquest.com
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