State of Ohio Selects SciQuest to Automate Purchasing Processes Cloud-Based Automation Solutions Will Allow Ohio to Integrate State-Wide eMarketplace Across Cities, Counties and Schools Business Wire CARY, N.C. -- April 16, 2013 SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions, today announced that the State of Ohio has selected SciQuest products to automate critical purchasing and accounts payable processes, increasing efficiency and enabling the sharing of contracts across a state-wide e-marketplace available to all cities, counties and K-12 schools. With SciQuest, state agencies will gain unprecedented levels of automation, visibility and control of purchasing, including invoice management and supplier enablement and management. As a result, the State expects to significantly decrease expenses, saving Ohio taxpayers millions of dollars per year. SciQuest’s cloud-based solutions will integrate with Ohio’s existing OAKS ERP system, allowing the state to extend the value of its investment in enterprise systems. A clean, modern interface is designed to allow users to quickly get up to speed, delivering a rapid return on investment. Ohio, the 7^th most populous state in America, will utilize SciQuest’s solutions across 161 state agencies. By selecting SciQuest, the State of Ohio will align the strategic goals established by the Governor, DAS-GSD, OIT and OAKS. The benefits to the State will include: *Reduce costs to taxpayers – implementing the Ohio Marketplace solution will streamline the purchasing process, improve compliance, and improve spend analytics. The combination of these improvements will result in better sourcing opportunities and cost savings to the state and taxpayers. *Provide common administrative functions state-wide that allow agencies to focus on their core missions – the Ohio Marketplace will streamline the procure-to-pay process, allowing agencies more time to focus on their missions and less time on purchasing and paying for goods and services. *Improve the accuracy of the data available for spend analytics by pulling the appropriate coding and vendor data from the e-Catalog. *Standardize invoice processing for greater efficiency and effectiveness. *Standardize invoicing to allow the agencies to take advantage of 2/10, net 30 discount terms, resulting in savings for the state. *Generate vendor payments quicker which improves vendor and agency relationships. “On a state-wide level, the process of spending money can be expensive,” said Jeff Westhoven, deputy director, The Ohio Department of Administrative Services (DAS). “The volume of transactions alone makes it extremely difficult to simplify processes and gain visibility into how our state agencies are executing their procurement strategies. Our taxpayers trust us to spend the state’s funds wisely, and SciQuest will play a critical role in helping us do that better than ever before. SciQuest spend management solutions will improve transparency and control over-spending decisions, allowing us to offer a better purchasing experience at every step of the procurement process.” Ohio has access to SciQuest solutions through its contract with the National Association of State Purchasing Officials’ Western States Contracting Alliance (WSCA), a multi-state purchasing consortium designed to increase collaboration between states and improve strategic purchasing. By utilizing the WSCA – NASPO eProcurement Solutions and Services Cooperative contract, the State of Ohio was able to rapidly take advantage of best value pricing and the comprehensive array of products and services offered by SciQuest. “The availability of a customizable, private-supplier marketplace across state agencies will empower the State of Ohio to make intelligent, informed spending decisions,” said George Stasiw, vice president sales, public sector at SciQuest. “Using our solutions, state governments like Ohio can experience immediate and sustainable value, improve supplier relationships, and transform procurement into a strategic resource by reducing cost and complexity while ushering in a new era of control and efficiency.” 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 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. 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 our 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 and uncertainties are described in the “Risk Factors” section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC’s website at http://www.sec.gov or on our website at www.sciquest.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason. Contact: Media: SciQuest, Inc. Michelle Perkins, 919-659-2228 firstname.lastname@example.org or fama PR for SciQuest Dan Gaffney, 617-986-5036 email@example.com or Ohio Department of Administrative Services Beth Gianforcaro, 614-644-8953 Beth.firstname.lastname@example.org or Investors: SciQuest, Inc. Jamie Andelman, 919-659-2322 email@example.com
State of Ohio Selects SciQuest to Automate Purchasing Processes
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