SciQuest Accelerates Procurement Savings

Spend management firm SciQuest is partnering with Denali, a provider of procurement solutions, to accelerate the ability of procurement companies to realize savings.

In an announcement Friday (Oct. 14), SciQuest and Denali said they are offering a joint solution, Sourcing Jump-Start, to support cost-effective procurement. The companies said their offering can lead to 10 times the savings for the enterprise and help support a financially sound procurement game plan over the course of a year.

“Many companies today still lack two key enablers to accelerate and capture sourcing value: an effective procurement technology platform and experienced resources focused on execution,” stated Denali CEO Alpar Kamber. “This unique bundling of SciQuest technology and Denali services has the ability to unleash the incredible potential locked inside a company’s spending base in a short amount of time.”

Denali will use SciQuest’s Sourcing Director and Advanced Sourcing Optimizer solutions for its own clients, the companies explained, with a focus on linking corporations to cost savings more quickly through a strategic sourcing and procurement plan.

In addition to their joint offering, the companies revealed that Denali has joined SciQuest’s PartnerSelect program, allowing Denali to integrate its sourcing technology capabilities with SciQuest’s corporate spend management and analytics offerings for procurement organizations.

“Customer success is our top priority,” said SciQuest CEO Robert Bonavito in a statement. “Denali provides world-class, results-oriented procurement services that leverage the industry’s leading technologies and expertise, adding a powerful asset to the SciQuest PartnerSelect network.”

Earlier this year, SciQuest introduced another way to help businesses cut costs in procurement. The firm launched the SciQuest Edge program that nixes the need for businesses to conduct their own price negotiations with suppliers, instead offering pre-negotiated discounts for SciQuest users.