Case Study: SciQuest On-Demand Supplier Management and Procurement Automation

October 2007

The Leading Growth Company of 2007

SciQuest, Inc., is a leading provider of on-demand supplier management and procurement automation solutions. It was recently named the 2007 Growth Company of the Year by the Council for Entrepreneurial Development of North Carolina, USA. During the past year alone, SciQuest has nearly doubled its client base and revenue, as well as its staff. This is solid proof of SciQuest's growing leadership position in the higher education and life sciences markets.

SciQuest provides a purchasing platform to customers in higher education and life sciences. Universities, such as Yale, McGill and Notre Dame, are among their customers, as are pharmaceutical companies, such as Roche, Glaxo/Smith/Kline and Biogen Idec.

The extensive catalog data at SciQuest allows organizations to quickly order from a critical mass of suppliers. They can obtain order delivery on an ongoing basis through SciQuest. With its integrated supplier base, SciQuest saves its customers significant time and money by reducing their needs for in-house IT and support resources.

E-Procurement: Sophisticated Cost Management

In April 2006, Fortune magazine highlighted the remarkable success of SciQuest in an feature entitled Show Me the Money: Where it's buying online or digitizing documents, sophisticated cost-management software lets businesses watch every penny!

The feature explained that one in five Fortune 500 companies rely strongly on e-procurement. It saves them 7% a year in costs and 67% in delivery times. Online catalogues, like those at SciQuest, make a host of qualified vendors available to their customers.

Steve Wiehe, president of SciQuest, says, "Our goal is to make the procurement process as easy as Amazon is for ordering a book or CD." Their great success has come from making the ordering process simple and convenient.

By providing SciQuest with a seamlessly integrated fax service, InterFAX has helped make that success possible.