SciQuest – Well Along in the Journey from Frankenquest to Integrated Suite [PRO]
At the end of July, Spend Matters had a briefing with SciQuest to explore the latest enhancements that the source-to-pay provider has made in expanding and integrating its various suite components. In recent years, SciQuest has been somewhat of a challenging vendor to put into a box. It has had truly outstanding individual modular capability in certain areas (e.g., supplier lifecycle management, contract management, spend analytics, advanced sourcing and optimization) gained through acquisitions serving a wide variety of industries as well as a diverse set of home-grown assets centered on purchase-to-pay with a traditional focus in higher education, life sciences and public sector. Dissecting the quarterly earnings results over the past year, we see that much of the growth in the business has come from these specialized product areas, often on a stand-alone basis.
Yet looking ahead and based on its latest 14.2 release, SciQuest has put down the framework to tie these areas more closely together through significant investment in supplier management, closer modular integration across the suite, and a broader sourcing value proposition linked with other solution areas.
In this two-part Spend Matters PRO research series, Founder and Managing Director Jason Busch and VP of Research Thomas Kase look at how these latest enhancements are shaping an emerging value proposition that could provide a differentiated end-to-end suite competitor in the market to Ariba, SAP, Oracle, and Coupa. Our analysis today begins with a look at supplier management areas that SciQuest has put significant investment into, re-platforming the core IP gained from the AECsoft USA acquisition years ago.