Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle
solutions, today announced the newest version of Enterprise
Reagent Manager (ERM), the industry-leading solution for managing
chemicals and materials used in research. ERM Version 7.0 enables
research organizations to better manage inventory and comply with key
industry standards, streamlining the purchasing process for reagents and
supplies. SciQuest ERM is used in labs (ranging in size from tens to
thousands of researchers) in the United States, Europe and Asia.
SciQuest ERM enables users to quickly find, source and track commercial
chemicals and other critical research materials. By integrating with
procurement platforms, ERM empowers researchers and other key staff to
view supplier catalogs, preferred pricing, internal inventory and
commercial databases through a single interface, increasing efficiency
and visibility into spending and inventory. In addition, SciQuest ERM
ensures regulatory compliance while managing the risks associated with
hazardous materials. ERM 7.0 features an enhanced user interface for
managing materials and Global Harmonization Standard (GHS) compliance
for hazard material classification and improved container management.
“Research organizations are managing and using thousands of chemicals –
many of them hazardous –with their own rules regarding storage and use,”
said Tom Russell, general manager, Enterprise Solutions, SciQuest.
“We’ve introduced a number of new capabilities in response to our
customers’ feedback to help them acquire and manage research materials
more easily, while simultaneously meeting the control requirements of
oversight agencies like the DHS. Our solution is an integral part of any
strategic procurement initiative, helping utilize and reduce inventory,
while promoting strategic purchasing processes and suppliers for
organizations of all sizes.”
New features in ERM Version 7.0 include:
“Increased regulatory oversight and evolving standards for environmental
health and safety (EH&S) classification and communication mandates that
corporate research and development (R&D) organizations — including
research labs — be able to efficiently access and manage Material Safety
Data Sheets (MSDS) and related product data,” said Chris Kraus,
director, Strategic Alliances, 3E Company, a Verisk Analytics company
(NASDAQ: VRSK). “Combining 3E Online®-MSDS with SciQuest ERM
provides our joint customers a valuable capability that helps manage
large volumes of information. The capability supports both compliance
and R&D initiatives, allowing customers to better focus on their core
mission — research and innovation.”
To learn more about SciQuest’s ERM solution, please visit: http://www.sciquest.com/solutions/inventory-supply-chain-management/module-erm/.
SciQuest’s Tom Russell discusses ERM 7.0 and challenges facing
researchers at SciQuest’s The Open Kitchen – http://www.sciquest.com/blog/.
SciQuest (NASDAQ: SQI) is the only company that puts the Power of Q into
your supply chain. What is the Q? It is part philosophy, part
partnership, and all about customers.
SciQuest delivers industry-leading comprehensive source-to-settle supply
chain solutions that help you turn spending into a source of savings,
but it is really the Power of Q that ensures that our customers are at
the center of everything we do. Q is about quality, it’s about asking
tough questions and it’s about being on a quest to get what you pay for.
Only SciQuest provides the scale, industry expertise and transparency
that organizations require to improve their bottom line.
To join the conversation and tell us “what’s your Q,” please visit our
blog, The Open Kitchen—http://www.sciquest.com/blog.
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 our 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 and uncertainties are
described in the "Risk Factors" section of our Registration Statement on
Form S-1 and other required reports, as filed with the SEC, which are
available free of charge on the SEC's website at http://www.sec.gov
or on our website at www.sciquest.com.
Given these risks and uncertainties, investors should not place undue
reliance on forward-looking statements as a prediction of actual
results. These forward-looking statements speak only as of the date
hereof, and we undertake no obligation to update, amend or clarify any
forward-looking statement for any reason.