SciQuest: Vendor Analysis (Part 1) — Background & Solution Overview

Three members of the Spend Matters team spent the start of last week at SciQuest’s customer conference in Nashville, Tennessee. The event, coming just shortly after Accel-KKR closed its acquisition of SciQuest, featured a mix of customers, prospects and partners from several different industries and market sectors. Many procurement organizations we spoke to at the event are currently using SciQuest in select areas rather than the full suite. Others, especially in SciQuest’s core historic markets of higher education and government, are using multiple modules and, in certain cases, the broader suite to support procurement requirements. We also had to a chance to spend a number of hours in the demonstration center looking at SciQuest’s latest 16.2 release in detail.

This Spend Matters PRO Vendor Snapshot explores SciQuest’s strengths and weaknesses in the source-to-pay (S2P) suite market, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor. Part 1 of our analysis provides 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.