New Version of SciQuest Business Automation Suite Features Consumer-like User Experience to Turn Spending Into Savings

  New Version of SciQuest Business Automation Suite Features Consumer-like
  User Experience to Turn Spending Into Savings

   New Release Goes Live With Clean, Modern User Experience, Including New
                 Digital Mailroom and Workflow Inspector Tool

Business Wire

CARY, N.C. -- March 26, 2013

SciQuest (NASDAQ: SQI), the leading provider of cloud-based business
automation solutions, today announced the next major version of its spend
management product suite. Available today, the release features a new user
interface that includes consumer-like features and experiences similar to
sites like Amazon, Facebook and LinkedIn. Combined with other significant new
features such as a Digital Mailroom for accounts payable, tighter contract
management integration, a new Workflow Inspector and shared shopping cart,
SciQuest is making it even easier for customers to cut costs, automate
processes and gain transparency to turn spending into savings.

The latest product enhancements are the result of direct customer feedback,
which reinforces SciQuest’s commitment to deliver innovative products that
meet organizations’ needs to more effectively manage spend through automation
The new product was previewed to customers at NextLevel, SciQuest’s annual
user conference held last month. Customers provided extremely positive
feedback about the new user interface in particular, commenting on the ease of
navigation and intuitiveness of the experience.

“We are committed to continuous enhancements to enrich the user experience
across our suite of cloud-based applications,” said Mark Digman, SciQuest Vice
President, Product Marketing and Strategy. “This release represents a
tremendous leap forward, by enabling users to shop within their organization
much like how they purchase goods on-line as consumers. Along with other key
features of this release, we have streamlined key processes within AP,
procurement, purchasing and contract management to empower our customers to
contribute to the bottom line.”

New SciQuest User Interface

  *Simple, Intuitive Site Navigation –Clean slide-out side menus replace
    tab-driven navigation menus and enable users to quickly find where they
    want to go. In addition to a newly reorganized menu structure, new search
    options are available that help users find what they need and determine
    their next task.
  *In-application notifications – Notifications and action items will be
    communicated in an interactive, easily accessed fashion within the
    application. These communications are visible from all pages in the
    application, similar to applications like Facebook and LinkedIn.
  *Detailed Cart Preview – Instead of the cart summary available in previous
    versions, a cart preview allows users to see what items they have added to
    their cart without navigating away from the primary shopping screens.
  *User Profile Improvements – The new version of the SciQuest product suite
    incorporates new task-driven screens for managing user profiles, which
    will guide users through the various options.

100% Invoice Capture Through Digital Mailroom

In the area of Accounts Payable, the new version features a Digital Mailroom
that offers organizations the ability to route paper, fax and email invoices
directly to SciQuest for scan and capture. Once final visual verification is
completed to ensure accuracy, the invoices are available to the organization
for matching and approval in the SciQuest Accounts Payable Director. This
significantly improves productivity within accounts payable departments.

Enhanced Module Integration and Workflow

The latest release includes important new features that demonstrate how
SciQuest is more tightly integrating its contract lifecycle management (CLM)
solution acquired from Upside last year. Organizations will be able to
integrate the CLM product with the spend management module to track spend
against contracts and set up item lists and price sets.

The new version of the SciQuest suite also includes features that make it
easier for customers to tap the power of workflow built in to the solution. A
new Workflow Inspector tool empowers organizations to view data on a document
that caused a specific behavior in a workflow step. In addition, the SciQuest
solution includes new Advanced Dynamic Workflow options for administrators to
set up their own workflow rules.

Enhanced Shopping Options

SciQuest continues to advance its powerful shopping capabilities with a new
shared cart feature. This allows organizations with lab workgroups or small
departments to combine shopping and purchasing into shared carts for group
orders. All group members will be able to simultaneously shop and monitor cart
contents, avoiding duplication, while alleviating workload on lab managers and
administrative personnel that are currently processing multiple individual
orders. With group shopping, shared carts can also be used to achieve
discounts with those suppliers that provide bulk order discounting.

“The transformed procurement organization should be proactive in seeking and
identifying savings opportunities, and should be a strategic partner for the
organization in innovation, make-versus-buy decisions, risk management,
outsourcing, demand management, etc.,” said Magnus Bergfors, Gartner Research
Director in the report, “How to Use Software and Service Providers for
Successful Procurement Transformation, November 2, 2012. “In order for the
organization to function this way, it must have access to suitable tools and
systems such as spend analysis, e-sourcing, contract life cycle management
(CLM), procure to pay (P2P) systems and supply base management.”

Availability

The latest version of SciQuest is available immediately. For more information,
or to request a demo, please visit
http://www.sciquest.com/business-automation-suite-saas/.

About SciQuest

With a reputation for deep domain knowledge, a solid customer-driven
portfolio, and industry-leading customer satisfaction, SciQuest (NASDAQ: SQI)
is the largest public provider of cloud-based business automation solutions
that turn spending into a source of savings. SciQuest solutions enable greater
visibility and compliance organization-wide to help you gain control, optimize
efficiencies, and reduce spend. These cloud-based solutions are easier to
implement and proven to deliver measurable, sustainable value with SciQuest’s
high-touch support, analysis and automation.

To join the conversation, please visit our blog, The Open Kitchen – or follow
us on Twitter @SciQuest.

Contact:

SciQuest Media contact:
SciQuest, Inc.
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
fama PR for SciQuest
Dan Gaffney, 617-986-5036
sciquest@famapr.com
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
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