SciQuest – That “S” is Now For Sourcing (In More Ways Than One) [PRO]
If anyone had come to us five years ago and suggested that SciQuest, at that time a highly specialized eProcurement provider to the higher education, life sciences/pharma, and public sector markets, was going to pivot around and focus on becoming a top integrated source-to-pay suite with best-in-class capabilities in the sourcing area, we would have laughed. But in recent years, SciQuest has done more than other suite vendors, those that are just paying lip service to sourcing. Not only did it acquire CombineNet for its advanced sourcing and optimization capability in logistics and beyond, it has organically developed a sourcing product that is tightly coupled with the rest of its suite including supplier management and P2P. In our continuing coverage of SciQuest’s 14.2 release, Spend Matters founder and managing director Jason Busch and VP of research Thomas Kase look at the latest from SciQuest in the sourcing area.