SciQuest is introducing a new product to help companies and institutions manage purchases and related information.

“Settlement Manager” is an on-demand solution that coordinates receipt of goods and services, link receipts and invoices to purchase order data, and process invoices. The company said the service can:

  • Accelerate processing of receipts and invoices

  • Avoid multiple, redundant data entry

  • Avoid errors in receiving and invoicing processes

  • Realize prompt payment discounts

  • Reduce risk of penalties, duplicates, overpayments

  • Reduce risk of payment for goods not received, damaged or returned
  • SciQuest: