Liberty University Implements SciQuest to Modernize Procurement Processes

MORRISVILLE, N.C.--(BUSINESS WIRE)--

SciQuest, Inc. SQI, the leading public provider of spend management solutions delivering value beyond savings, today announced Liberty University will implement the SciQuest Source-to-Settle Suite as part of its campus-wide commitment to having the most effective technology solutions. Utilizing SciQuest's suite of spend management solutions, the university will have greater visibility into spend data and into spending behaviors campus-wide.

Liberty University, a private, non-profit Christian university in Lynchburg, Virginia, recognized the need to update its manual procurement processes to gain greater understanding of all spend and supplier usage. With the data available through SciQuest's platform, Liberty University will be able to identify potential opportunities for savings and work with suppliers to negotiate better deals.

Liberty University will deploy the SciQuest Source-to-Settle Suite, including the following solutions:

• Sourcing Director, to expand control and management of the sourcing process.
• Spend Director, to transform manual and labor-intensive procurement function into a center of excellence, by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation.
• Accounts Payable Director, to eliminate tedious and error-prone manual data entry, free up valuable resources and present an opportunity to make a significant impact to the organization's bottom line.
• Spend Radar, to conduct the comprehensive, accurate analysis necessary to drive and measure cost savings.

"SciQuest's experience servicing the higher education sector allows us to deliver significant cost savings to universities like Liberty, which had previously used manual processes but sought to automate and digitize its spend," said Stephen Wiehe, president and CEO of SciQuest. "We are certain that SciQuest's cloud-based, automated suite will transform what was previously a manual, time-intensive challenge into an efficient and valuable opportunity for greater insight and increased efficiencies."

About SciQuest

SciQuest SQI is the leading public provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com. To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @SciQuest.

About Liberty University

Founded in 1971 by Jerry Falwell, Liberty University is a private, non-profit Christian university located in Lynchburg, Virginia. Liberty's annual enrollment includes over 14,000 residential students and over 100,000 online students making it the largest university by enrollment in Virginia. For more information, visit http://www.liberty.edu/.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks are discussed in "Part I, Item 1A, Risk Factors" and elsewhere in SciQuest's most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission ("SEC"). The company's SEC reports are available free of charge on the SEC's website at http://www.sec.gov or on the company's website at http://www.sciquest.com. These forward-looking statements speak only as of the date hereof, and SciQuest undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

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