SciQuest and eMolecules Announce Partnership to Deliver Market-Leading Reagent Management Solution
Partnership streamlines research sourcing with comprehensive catalog of more than 200 specialty building-block suppliers
CARY, N.C. & SOLANA BEACH, Calif.--(BUSINESS WIRE)-- SciQuest (NAS: SQI) , a leading provider of cloud-based business automation solutions, and eMolecules, creator of the industry's most powerful compound sourcing platform, announced today a partnership to make available eMolecules' catalog of in-stock molecular building blocks within SciQuest's Enterprise Reagent Manager (ERM) platform. ERM users can now directly and seamlessly purchase in-stock molecular building blocks via eMolecules' market-leading database.
SciQuest's Enterprise Reagent Manager is a procurement-focused chemical inventory solution used by seven of the world's top 10 life science organizations and leading higher education institutions. The eMolecules catalog integrates seamlessly into ERM's "one-stop-shop," allowing researchers to review all available inventory and catalog sourcing options with a single search.
"Traditionally, due to hundreds of small specialty suppliers, searching and sourcing of molecular building blocks is expensive and time consuming for researchers," said Tom Russell, General Manager, SciQuest Enterprise Solutions. "Purchasing and delivery are also subject to high costs, delays and quality issues. Through this integration with eMolecules, ERM customers gain instant access to building blocks that are available and ready to be shipped, resulting in significant time and cost savings."
"As the new go-to data source for ERM, eMolecules aims to deliver significant time and cost savings to SciQuest's customers while providing reliable sourcing and delivery of their building blocks," said Niko Gubernator, PhD, eMolecules CEO.
eMolecules has curated data for 650,000 in-stock and verified building blocks from its supplier network, and the continuously updated hosted catalog ensures accurate availability information from suppliers. Researchers save significant time in finding and acquiring the compounds they need, and the organization saves money via discounts eMolecules has negotiated.
SciQuest's ERM solution with the eMolecules integrated catalog offers significant benefits for any organization performing chemical research:
- Reuse of in-house inventory provides faster access to chemicals and reduces purchase, carrying, and disposal costs of redundant inventory by as much as 15 percent of annual chemical spend.
- Use of preferred suppliers enhances contract compliance and reduces purchase costs by as much as 10 percent of annual chemical spend.
- EHS and regulatory approvals, tracking, and reporting built into the process improve compliance and inventory accuracy.
- Streamline all chemical inventory capture and tracking activities to reduce data entry, errors and overhead.
To learn more about how SciQuest's ERM solution and eMolecules, join us for a webinar on April 17 titled "Purchasing for Research." http://go.sciquest.com/purchasingforresearch.html.
eMolecules was founded by scientists for scientists in 2005 with one goal in mind: reduce drug discovery timelines through improved efficiencies. eMolecules has built a powerful chemical search engine combined with customized online ordering and integrated logistics to source screening compounds and building blocks from over 200 suppliers. The result is an improved compound acquisition workflow that brings benefits to all types of organizations: with 9 out of 10 large pharmaceutical companies, 4 out of 5 large biotech firms, and dozens of small biotech and academic groups working with eMolecules. For more information, visit www.emolecules.com
With a reputation for deep domain knowledge, a solid customer-driven portfolio, and industry-leading customer satisfaction, SciQuest (NAS: SQI) is the largest public provider of cloud-based business automation solutions that turn spending into a source of savings. SciQuest solutions enable greater visibility and compliance organization-wide to help you gain control, optimize efficiencies, and reduce spend. These cloud-based solutions are easier to implement and proven to deliver measurable, sustainable value with SciQuest's high-touch support, analysis and automation.
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SciQuest Media contact:
Michelle Perkins, 919-659-2228
fama PR for SciQuest
Dan Gaffney, 617-986-5036
SciQuest Investor contact:
Jamie Andelman, 919-659-2322
Niko Gubernator, 858-764-1941
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