E-Procurement Solution Offered by CDW-G and SciQuest Streamlines Higher Education Purchasing
Partnership Also Increases Technology Return on Investment
VERNON HILLS, Ill., and RESEARCH TRIANGLE, N.C. - January 29, 2007 - CDW Government, Inc. (CDW-G), a wholly owned subsidiary of CDW Corporation [NASDAQ: CDWC] and leading source of Information Technology (IT) solutions to governments and educators, and SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, today announced a partnership to offer CDW-G e-Procurement, powered by SciQuest, to colleges and universities around the country.
CDW-G e-Procurement, powered by SciQuest, connects institutions to multiple approved-vendor contracts through a single shopping cart function. By eliminating traditional, paper-based procurement processes, and implementing a comprehensive, integrated supply chain function, higher education institutions gain greater control and visibility over on-contract spending. In addition, access to the SciQuest Supplier Network (SQSN) offers an aggregation of robust supplier catalog content. By improving supplier relationships and sourcing strategies, institutions can maintain maximum sustainable cost saving by reducing the purchase approval process from weeks to days.
"Today, colleges and universities face mounting financial pressures as costs rise and budgets shrink," said Julie Smith, director of higher education, CDW-G. "To continue providing a quality educational experience, institutions of higher learning need to move from a tactical to strategic purchasing structure, with an increased focus on spend management, long-term goals and strategic contracts. CDW-G e-Procurement creates a one-stop shop for higher education technology purchases by automating the entire procurement process and saving institutions money."
"Life before e-procurement was a slow, paper-based system, with maverick spending," said Bruce Cherrin, director, procurement service at the University of New Mexico in Albuquerque. "We knew that e-procurement was the future of higher education purchasing. CDW-G and SciQuest created a single access point to contracted suppliers to ensure that the university promotes and uses negotiated contracts. Now we have a centralized marketplace where staff accesses university-approved suppliers. E-Procurement has saved us thousands of dollars."
"CDW-G's position as a leading IT solution provider, coupled with SciQuest's unparalleled supplier enablement and procurement technologies, enables institutions to configure and manage their ideal purchasing system," said Stephen Wiehe, president and CEO, SciQuest. "Through our relationships with channel partners such as CDW-G, SciQuest is able to broaden our customer base with opportunities in new markets in which our partners currently serve."
About CDW-G
A wholly owned subsidiary of CDW Corporation (NASDAQ: CDWC), a FORTUNE 500 company, CDW Government (CDW-G) is a trusted technology advisor to federal, state and local government agencies, as well as to educational institutions at all levels. CDW-G offers best-in-class technology products and services from top-name brands such as Acer, Adobe, Cisco, HP, IBM, Lenovo, Microsoft, Panasonic, Samsung, Sony, Symantec, and Toshiba. For more information about CDW-G product offerings, procurement options, service and solutions, call 1.800.863.4239, or visit the CDW-G Web site at CDWG.com.
About SciQuest, Inc.
SciQuest provides on-demand supplier enablement and procurement automation solutions that reduce operating costs, drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI.
Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process.
In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing ERP and enterprise financial systems, driving greater return from existing investments.
For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100.
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