BLOOMINGTON, IN – The Kuali Foundation is pleased to welcome SciQuest, Inc. as a commercial affiliate in the Kuali community. A global leader empowering enterprises to realize the potential of strategic procurement, SciQuest will provide expertise in eprocurement solutions to seamlessly integrate procurement processes into the Kuali Financial System. "SciQuest is a welcome addition to our Commercial Affiliates in the Kuali Community," said Kathleen McNeely, chair of the Functional Council for the Kuali Financial System. "They bring specialized knowledge in eprocurement solutions for higher education and we have found them to be an excellent partner to many of the Kuali Community members. We are excited about working with them to provide added value to the Kuali Financial System and to work with the Kuali Community in ensuring successful implementations."

Eprocurement is increasingly considered a critical component of all financial management systems, and integrating SciQuest eprocurement into the Kuali Financial System will provide a platform that enables campuses to consolidate buying power with suppliers, automate paper-based purchasing processes and bring all enterprise-wide spending under management. At many colleges and universities, spending on required goods and services is eclipsed only by payroll and capital expenditures. Strategic purchasing, enabled by eprocurement, often represents the single greatest opportunity for colleges and universities to generate savings without budget cuts.

"There is a growing realization that eprocurement provides the missing link that enables organizations to get the most out of their investments in enterprise resource planning (ERP) and financial management systems," said Jamie Duke, SciQuest’s chief operating officer. "SciQuest offers one of the few eprocurement platforms that can seamlessly integrate procurement capabilities and comprehensive supplier enablement, making it easier than ever for organizations to realize the savings and efficiencies that modern eprocurement solutions are meant to deliver."

About SciQuest

SciQuest's procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company’s specialized knowledge, on-demand software and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution to augment existing ERP investments or fully enable all aspects of purchasing from sourcing to settlement. SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners. For more information about SciQuest, visit www.sciQuest.com.

About Kuali

The Kuali Foundation is a non-profit organization responsible for sustaining and evolving a comprehensive suite of administrative software that meets the needs of all Carnegie Class institutions. Kuali began in 2004 as a cooperative effort among seven partners funded by a grant from the Andrew W. Mellon Foundation. Their vision was to develop an open-source, community-owned financial system. The successful development of the Kuali Financial System led to three additional pooled-investment projects, Kuali Research Administration, Kuali Student Systems and Rice Kuali Infrastructure. All Kuali projects are now coordinated by an independent, not-for-profit organization, Kuali Foundation Inc. The software developed by Kuali partners is available, without fee, for anyone to use or modify under the Educational Community License.

Kuali Financial System, Kuali Research Administration, Kuali Student Systems and Rice Kuali Infrastructure are registered trademarks of the Kuali Foundation, Inc.