SCIQUEST PARTNERS WITH ACTIO BRINGING A MULTI-SUPPLIER, ACQUISITION TO DISPOSAL CHEMICAL MANAGEMENT SOLUTION TO MARKET
Actio will add enhanced regulatory reporting and increased chemical database capabilities to SciQuest’s Chemical Manager, dramatically decreasing chemical Inventory management costs to organizations.
-- SciQuest, Inc., a leading provider of on-demand supplier and materials management solutions, today announced that the company has partnered with Actio, a provider of chemical lifecycle management applications. As part of the agreement, SciQuest will offer Actio’s Chemical Profile Database (CPD) and MSDS Vault as an enhancement to SciQuest’s Chemical Manager product. Actio will resell SciQuest’s supply chain solutions including Chemical Manager to supplement its suite of CLM products providing the industry’s first cradle-to-grave solution to their clients.
“Integrating Actio’s extensive chemical database into SciQuest’s Chemical Manager enables existing Chemical Manager users to immediately reap the benefits of the comprehensive Chemical Manager solution,” said Russ McCann, President of Actio Corporation. “This is the first time a chemical will be managed from the initial purchase through all stages of use while having hazardous compliance and regulatory reporting requirements handled automatically, this provides a value to customers as never seen before.”
SciQuest Chemical Manager is an on-demand materials management solution that helps organizations centrally manage chemicals and hazardous substances and track them from purchase through disposal. With Chemical Manager and the Actio solutions, organizations can:
• Significantly reduce the cost associated with managing chemical inventory
• Ensure regulatory compliance and accurate reporting
• Access an extensive reference database of chemical substances including the most commonly ordered chemical compounds
• Requisition chemicals from multiple supplier sources using a single, easy-to-use shopping experience
• Find substances and containers through robust structure and substructure searching tools
• Gain easy access to MSDS data with a subscription to Actio’s MSDS Vault
• Add containers with custom labels directly to inventory from a purchase order
• Reduce maverick spending by avoiding purchases of substances already in inventory
Actio’s CPD is a comprehensive collection of chemical data from multiple, highly referenceable sources giving users the ability to properly and accurately interpret multiple physical properties of a substance and identify those materials with regulatory and classification descriptions such as hazardous, carcinogenic or a hazardous air pollutant (HAP).
“Actio’s chemical database is a welcomed enhancement to our Chemical Manager product. Combining these best of breed solutions enables continual additions and updates of chemical data on a regular basis” said Dr. Subodh Joshi, Chemical Product Manager at SciQuest. “The ability to offer additional enhancements to Chemical Manager such as linking to Actio’s MSDS Vault and Actio Regulator will give customers the tools necessary to confidently meet regulatory and reporting requirements.”
About SciQuest SciQuest provides supplier management and procurement automation solutions that help customers gain greater visibility 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.