Research Triangle Park N.C. January 27, 2003 Technology provider SciQuest Inc. and business and IT consulting firm AMS announced they are collaborating to expand the e-procurement initiative at the University of Arizona. In connection with the initiative, the University of Arizona has signed a multi-year license agreement for the SciQuest HigherMarkets e-procurement solution.
Steve Mack, director of purchasing at the University of Arizona, said, "Our mission is to drive substantial financial savings while improving satisfaction of our user constituents on campus. We are optimistic that the unique components of the HigherMarkets procurement solution, from enhanced workflow to supplier enablement designed specifically for the research institution, will help us accomplish both of those goals."
AMS said it would work with SciQuest to activate the SciQuest HigherMarkets solution to provide e-procurement capabilities and enable suppliers for the University of Arizona's e-procurement initiative. The parties expect to expand their relationship to address the needs of other research-oriented customers in the future.
SciQuest HigherMarkets is a Web-based e-procurement solution designed to meet the needs of colleges and universities seeking to enhance the procurement process on campus and reduce costs. It manages the procurement process from requisitioning to payment processing. SciQuest cited some research universities, including the University of Michigan, the University of New Mexico and Indiana University, already using the HigherMarkets solution.
"The University of Arizona is a pioneer in e-procurement, and we are thrilled to have such a prestigious research institution join our client list of universities that have implemented the HigherMarkets e-procurement solution," Stephen Wiehe, CEO of SciQuest said. "In addition, we are pleased to be working with AMS on this project and we anticipate more opportunities to work together in the future."