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SciQuest Enables Better, Faster Collaboration for Customers and Suppliers with New Version of Spend Management Suite

  SciQuest Enables Better, Faster Collaboration for Customers and Suppliers
  with New Version of Spend Management Suite

Enhancements to SciQuest Supplier Network and improved invoice management help
           customers cut costs, improve efficiency and increase ROI

Business Wire

CARY, N.C. -- July 23, 2013

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced the availability of the next
major version of its spend management suite. Building on the company’s
commitment to ease-of-use, the new release includes enhancements to the
SciQuest Supplier Network that bring the user experience and speed to new
heights for suppliers and customers to do business. SciQuest customers will
now have one centralized place to collaborate with all of their suppliers,
providing faster, more efficient supplier enablement. The new version of
SciQuest’s business automation suite also delivers improved invoice management
capabilities.

“We understand that consumer-oriented technologies and services have changed
our customers’ and suppliers’ expectations for both user experience and the
speed at which technology should help them get their jobs done,” said Mark
Digman, Vice President, Product Marketing and Strategy for SciQuest. “Our
commitment is to meet these expectations through our solutions. By extending
the user interface enhancements to our supplier network, SciQuest is helping
to bridge the gap between customers and suppliers, leading to better, faster
collaboration. We will continue to listen to our customers and deliver
enhancements that exceed their expectations by delivering products with the
depth and breadth for sustained contributions to their bottom line.”

“SciQuest’s spend management solutions have played a critical role in helping
our university turn spending into a source of savings and innovation,” said
Sandy Hicks, Chief Procurement Officer at the University of Colorado, a
SciQuest customer since 2010. “SciQuest has done an excellent job of taking
customer feedback and incorporating it into their solutions, making them easy
to implement and use. We look forward to seeing the newest enhancements in
action.”

Enhanced SciQuest Supplier Network

The new version of the SciQuest business automation suite features a refreshed
user interface for suppliers, including consumer-like features and experiences
similar to sites like Facebook, Amazon and LinkedIn. Additional enhancements
to the SciQuest Supplier Network include:

  *A single “self-service” portal for suppliers to access all their SciQuest
    customers and perform key tasks/activities such as onboarding without
    going through a specific customer;
  *A single, centralized place for suppliers to interact with customers,
    resulting in less time spent on supplier inquiries and improved ability to
    quickly search and locate suppliers;
  *Free access for suppliers to the SciQuest Supplier Network, allowing them
    to access all SciQuest customers and perform key self-service tasks and
    activities such as managing customer profile information, sending messages
    to customers on invoices and flip POs to invoices.

Enhancements to the Supplier Network will allow for faster, more efficient
supplier enablement:

  *Suppliers can now check the status of invoices submitted for payment and
    upload invoices in a batch manner, saving time and money.
  *The enhanced network enables self-service punch-out catalog testing.
  *Suppliers can upload and update catalogs more easily with improved
    workflows.
  *SciQuest customers can now offer a unique, branded portal to each of their
    suppliers for 24/7 access, resulting in increased transparency for both
    suppliers and customers while reducing supplier call volume to customers.

Improved Invoice Management

The new version will include significant enhancements to invoice management
capabilities, including:

  *An enhanced dashboard for Settlement Manager and AP Director customers
    with a centralized location for functionality including search, invoice
    creation, and identification of invoices with expiring discounts or
    approaching due dates;
  *The ability to flip a PO to an invoice through the supplier portal.

As a result, SciQuest customers will:

  *Experience faster, more efficient invoice processing and lower call volume
    relating to supplier issues;
  *More accurately capture early payment incentives and avoid late payment
    penalties, resulting in increased revenue;
  *Automate e-invoice creation to increase capture accuracy.

“Organizations are under pressure to control costs while improving
efficiencies and collaboration. If brand owners do not have portals in place,
they are missing an opportunity to maximize efficiency and collaboration
through portals,” noted Jane Feitler and Richard Adams in the Gartner report,
“Use Portals to Drive Visibility and Improve Supplier Collaboration,” May 31,
2013. “Without portals, communication is slow and not transparent. This
increases procurement costs, reduces productivity and hinders optimal decision
making. “

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
for spend management 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 most
recent Annual Report on Form 10-K 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:

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