Automating accounts payable is one of the toughest and most rewarding transformations across the source-to-settle process. According to research from the Aberdeen Group, organizations with labor-intensive AP processes can spend nearly $40 in time & expenses receiving, managing and paying an invoice. Best-in-class departments, on the other hand, can achieve a CPI (Cost-Per-Invoice) of as [...]
Today, we announced the newest version of Enterprise Reagent Manager (ERM), which helps research organizations better manage inventory and comply with industry standards. SciQuest’s Tom Russell is on hand to discuss version 7.0 with The Open Kitchen. Q: Tom, can you provide a quick overview of ERM? A: With our ERM solution, researchers can quickly [...]
We are pleased to announce that SciQuest was selected to the 2012 Supply & Demand Chain Executive 100 – “100 Great Supply Chain Projects.” We were recognized for our work with Utah State University, a leading public research university. We sat down with Paul Bowman, director of purchasing at Utah State, to learn more about [...]
As a first time blogger at Open Kitchen let me introduce myself. My name is Vishal Patel (@VishalP_), Research Director at Ardent Partners, and my role as a technology analyst is focused on helping enterprises leverage technology to improve financial & procurement-related processes and performance. The world of accounts payable (AP) is and has been [...]
The tagline for our new Accounts Payable product — “Come Up for Air” is certainly fitting for me and our accounts payable development team right now! We’ve been hard at work collaborating with our customers on this new product in recent months, and now that we’ve officially launched our new solution it is time to [...]
You’ll have to pardon us for having a little swing in our step around here this week; but can you blame us? Word comes down from the European Commission that all public sector buyers in the EU will be required to implement e-procurement technology by the year 2016. Our delight at this development comes not [...]
Not sure what milestone should be next on your AP journey? Do not despair – we’re here to help! I want to share two upcoming opportunities to further shape your vision of accounts payable automation: First up is Fusion 2012. SciQuest will be exhibiting at the annual Institute of Financial Operations conference, which will be held [...]
Winston Churchill once said, “There is nothing wrong with change, if it is in the right direction.” We have some exciting changes going on here at SciQuest, and we think you’ll agree we’re moving in the right direction. Today, we launched our new web site, and as with everything we do here at SciQuest the [...]
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