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The University of Texas at Dallas Selects SciQuest e-Procurement Suite
University looks to gain real-time visibility over spending, eliminate time-consuming and costly tasks, and stretch the value of its procurement spend
Cary, NC — February 1, 2010 — The University of Texas at Dallas (UT Dallas) is due to implement a full suite of e-procurement solutions from software provider SciQuest, whose growing customer base now includes five universities and five health centers in the University of Texas system.
Calvin Jamison, vice president of business affairs at the University of Texas at Dallas, said that the deployment of SciQuest would allow the university to gain real-time visibility over spending, eliminate time-consuming and costly tasks, and stretch the value of every dollar.
"SciQuest delivers the capabilities required to utilize strategic sourcing and purchasing techniques, including participation in consortium communities, that will enable us to capitalize on procurement's proven ability to drive bottom line results — all while increasing the value of our new financial system of record from PeopleSoft," Jamison said. "This valuable tool is another great addition to our 'Tier One' infrastructure goal."
SciQuest said its suite of solutions covers all facets of the purchasing process from sourcing to settlement, and that the suite is designed to be integrated with financial management and enterprise resource planning (ERP) systems.
For procurement leaders within organizations, SciQuest said it delivers the insight and control required to aggregate buying power, negotiate better terms and conditions with suppliers, and funnel purchases to those contracts that deliver the most value. "Financial leaders gain unprecedented real-time visibility over spending," the solution provider said.
SciQuest also said that because its suite of procurement solutions is delivered on-demand, it requires limited IT resources. In addition, the company suggested that because the interface allows end users — faculty and staff at the university — to quickly and easily locate and order the supplies they need within a single system, the solution will help UT Dallas drive the user adoption required to consolidate its buying power for maximum impact.
Jamison noted additional reasons for selection including SciQuest's track record delivering savings and efficiencies, as well as endorsements from the more than 100 well-known colleges and universities — including those in the University of Texas system — already using SciQuest.
In addition to deploying SciQuest university-wide, UT Dallas will collaborate with other University of Texas institutions that use SciQuest to share purchasing resources and create a single buying consortium capable of negotiating more competitive terms and conditions with suppliers.
Functionality within the SciQuest suite of solutions also will enable participating universities to more effectively achieve spending goals related to local economic development, sustainability and support of small disadvantaged or minority-owned businesses, the solution provider said.
"Institutions that deploy our solutions university-wide typically reduce the costs of goods and services by 20 percent or more," asserted Stephen Wiehe, president and CEO of SciQuest. "Those savings increase when they use our solutions to create powerful consortium communities comprised of multiple institutions. The University of Texas at Dallas should be applauded not only for proactively working to do more with its resources, but also for doing so with a vision to benefit the larger University of Texas system."
Calvin Jamison, vice president of business affairs at the University of Texas at Dallas, said that the deployment of SciQuest would allow the university to gain real-time visibility over spending, eliminate time-consuming and costly tasks, and stretch the value of every dollar.
"SciQuest delivers the capabilities required to utilize strategic sourcing and purchasing techniques, including participation in consortium communities, that will enable us to capitalize on procurement's proven ability to drive bottom line results — all while increasing the value of our new financial system of record from PeopleSoft," Jamison said. "This valuable tool is another great addition to our 'Tier One' infrastructure goal."
SciQuest said its suite of solutions covers all facets of the purchasing process from sourcing to settlement, and that the suite is designed to be integrated with financial management and enterprise resource planning (ERP) systems.
For procurement leaders within organizations, SciQuest said it delivers the insight and control required to aggregate buying power, negotiate better terms and conditions with suppliers, and funnel purchases to those contracts that deliver the most value. "Financial leaders gain unprecedented real-time visibility over spending," the solution provider said.
SciQuest also said that because its suite of procurement solutions is delivered on-demand, it requires limited IT resources. In addition, the company suggested that because the interface allows end users — faculty and staff at the university — to quickly and easily locate and order the supplies they need within a single system, the solution will help UT Dallas drive the user adoption required to consolidate its buying power for maximum impact.
Jamison noted additional reasons for selection including SciQuest's track record delivering savings and efficiencies, as well as endorsements from the more than 100 well-known colleges and universities — including those in the University of Texas system — already using SciQuest.
In addition to deploying SciQuest university-wide, UT Dallas will collaborate with other University of Texas institutions that use SciQuest to share purchasing resources and create a single buying consortium capable of negotiating more competitive terms and conditions with suppliers.
Functionality within the SciQuest suite of solutions also will enable participating universities to more effectively achieve spending goals related to local economic development, sustainability and support of small disadvantaged or minority-owned businesses, the solution provider said.
"Institutions that deploy our solutions university-wide typically reduce the costs of goods and services by 20 percent or more," asserted Stephen Wiehe, president and CEO of SciQuest. "Those savings increase when they use our solutions to create powerful consortium communities comprised of multiple institutions. The University of Texas at Dallas should be applauded not only for proactively working to do more with its resources, but also for doing so with a vision to benefit the larger University of Texas system."
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