SciQuest Launches Contract Manager Module Designed to Fully Integrate with its Full Suite of e-Procurement Solutions

RESEARCH TRIANGLE PARK, N.C., November 16, 2005-- SciQuest, Inc. today announced the general availability of its Contract Manager module, the latest addition to its suite of spend management and procurement automation tools. Contract Manager offers significant time savings and strategic value that will drive greater ROI from SciQuest's solutions.

SciQuest directly addressed key market concerns by helping organizations elevate their e-procurement programs to a strategic level through integration of supplier contracts with the user's purchasing experience. Specifically, the Contract Manager module strengthens an organization's e-procurement strategy by automatically integrating supplier contracts with the purchasing experience. A centralized repository makes it easy to store, find and view contracts. Through tight integration with SciQuest's e-procurement tools, the solution provides seamless tracking, reporting and analysis capabilities.

Most importantly, Contract Manager provides the following features and benefits:

Contract Visibility
End-users can leverage Contract Manager's searchable, electronic repository for easy access to the organization's contracts and eliminate inefficient, expensive paper and spreadsheet processes. Through the use of Contract Manager, organizations can:

• Control contract management costs using powerful searches for quick desktop access
  
• Improve contract compliance rates
  
• Heighten end-users' awareness of contracts

Contract Tracking
Contract Manager enables organizations to track contract deliverables such as spending milestones, effective dates and expiration dates, and alert administrators when specific criteria has been met. Contract Manager enables users and approvers to:

• Avoid missing contract begin and end dates by setting custom alerts
  
• Increase tracking efficiency by automatically applying contract numbers to orders and track associated spending by requisition, purchase order or invoice

Contract Analysis
Compile and analyze key data associated with contracts, allowing organizations to identify and summarize contract commitments, spend data, rebates or additional savings opportunities. Contract Manager's analysis capabilities save organizations time and money by:

• Using comprehensive spending figures to increase negotiation leverage
  
• Running configurable, real-time reports to compare estimated spending to actual spending for all contracts
  
• Eliminating manual searches through contracts for qualifying rebate and savings opportunities

"Contract Manager is a response to our customers' need to manage their contracts and meet regulatory reporting and compliance," said Jamie Duke, chief operating officer for SciQuest. "Our position as the leading supplier management and procurement automation solution made Contract Manager a natural next step in response to the needs of the market. We have received a great response from our existing customer base, and expect to bring on more new customers who lead the industry trends in spend management."

About SciQuest
SciQuest provides supplier management and procurement automation solutions that help customers gain greater visibility into and control over their spend. Through its supplier network, SciQuest aggregates detailed supplier content and enables supplier connectivity, providing a purchasing experience that drives user adoption and contract compliance. By leveraging SciQuest's expertise in on-demand content management and procurement automation, customers can rapidly improve efficiency and capture unrealized savings.

Many of the world's leading organizations rely on SciQuest solutions such as Biogen Idec, GlaxoSmithKline, Pfizer, Roche, Schering-Plough, Arizona State University, Indiana University, University of Michigan, University of Nevada, Reno and University of Pennsylvania.

For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100.

SciQuest and SelectSite are registered trademarks of SciQuest, Inc. HigherMarkets is a trademark of SciQuest, Inc.

Contacts:
Media Relations:

Kristi Lee
Crossroads PR
919-844-3733
klee@crossroadspr.com

Chuck Vitello
SciQuest, Inc.
919-659-2141
cvitello@sciquest.com