SciQuest is arguably the most challenging procurement technology suite vendor to compare directly to the competition. This perhaps explains why it tends to surface less in competitive procure-to-pay (P2P) or source-to-pay (S2P) suite opportunities outside of its traditional key vertical sectors for transactional procurement (e.g., higher education, laboratory/research, life sciences, public sector). From a comparative perspective, SciQuest causes us to scratch our heads, often with delight, but occasionally with frustration, given how far it has come from a suite and modular perspective and the potential it has in the market that it has yet to realize.
But what gets us most excited about SciQuest’s procurement technology capabilities and what are our quibbles? This Spend Matters PRO Vendor Snapshot explores SciQuest’s strengths and weaknesses across its procurement technology suite, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor as a potential S2P, P2P, source-to-contract (S2C) or modular, standalone solution provider. Part 1 of our analysis comprised a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider SciQuest. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.