SciQuest and OB10 Partner to Deliver Comprehensive Purchasing and e-Invoicing Services

Combination of eProcurement and e-Invoicing Leaders Helps Global Organizations Address Invoice Requirements, Increase Efficiency and Save Money

CARY, NC and LONDON, UK—June 24, 2010 – SciQuest, a leading provider of on-demand strategic procurement and supplier enablement solutions, and OB10, the leading global e-Invoicing network, announced a partnership to offer global enterprises a comprehensive and flexible solution that includes leading eProcurement and e-Invoicing capabilities.

The SciQuest and OB10 partnership enables suppliers to send e-invoices in any data format to the SciQuest eprocurement suite.  With OB10’s best practice supplier enrolment and ANY-TO-ANY DATA FORMATTING capabilities, the SciQuest eProcurement solution becomes more accessible to a wider range of businesses – giving an increased benefit to both buyers and suppliers.

“The partnership between SciQuest and OB10 allows us to provide enterprise customers and suppliers with an efficient, automated eProcurement and e-Invoicing process that is especially tailored for organizations that must address global, complex invoicing requirements and regulations.” said Karen Styres, VP of Business Development, SciQuest.

Jamie Gunn, CEO, OB10 comments, “The collaboration creates an exciting proposition for both clients and their suppliers.  OB10’s ANY-TO-ANY DATA FORMATTING and supplier enrolment expertise enables more suppliers to benefit from eProcurement and e-Invoicing.  The enterprise clients will benefit from this enlarged network and the associated cost reduction and efficiency benefits of the combined solution”

OB10’s e-Invoicing network is operational across Europe, North America, and Asia, supports local language requirements, and complies with worldwide, regional tax regulations. SciQuest’s unique eProcurement capabilities allow efficient management of the source-to-settle process, including sourcing, shopping, contract management, procurement and settlement.  By combining eProcurement and e-Invoicing for all materials and services, global enterprises can drive contract compliance and gain greater control over spend.