SciQuest Partners with Actio Bringing a Multi-Supplier, Acquistion to Disposal Chemical Management Solution to the Market
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.
About Actio
Since 1996, Actio has been helping companies and millions of their employees, in a wide range of industries, cost-effectively manage the complexities surrounding the use of chemicals in the workplace. Actio is a leading business service provider for chemical lifecycle management. Our chemical management portfolio manages all phases of the chemical life cycle, enables corporations to use a “best practices” approach to chemical handling and manages the regulatory requirements surrounding the use of chemicals in the workplace.
For more information about Actio Corporation, visit www.actiocms.com or call +1-603-929-2110.
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MSDS VAULT, ACTIO REGULATOR and INTELLIGENTEXT are registered trademarks of Actio Corporation. MSDSXCHANGE, ACTIO GATEKEEPER, MSDS VAULT LABELMAKER are trademarks of Actio Corporation 2005. All Rights Reserved. Other trademark names are used only in an editorial fashion, and to the benefit of the trademark owner, with no intention of infringement of the trademark.
