SciQuest

  www.sciquest.com
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SciQuest Reviews

80 Reviews
2.7
80 Reviews
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SciQuest President & Chief Executive Officer, Chairman of the Board Stephen J. Wiehe
Stephen J. Wiehe
62 Ratings
  1. 2 people found this helpful  

    People lie but numbers don't - No longer a growth company! On the downward spiral in sales and innovation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Finance in Morrisville, NC
    Current Employee - Finance in Morrisville, NC

    I have been working at SciQuest full-time (more than 3 years)

    Pros

    Leader in Education, PS and Healthcare

    Cons

    Very little growth left in Education, PS and HC verticals for SciQuest. The strategy to capture growth in commercial markets is a failure and producing no growth (Reason company had to restate guidance for 2014) causing the stock to drop 50%. If you want to work at a growth company this is not the place. The CEO and CFO will state on earnings calls they are picking up new customers and experiencing growth in commercial but that's all point solutions and small deals. Not a single enterprise wide deal sold in commercial markets in 2014 and their largest commercial customer cancelled its global rollout due to product limitations. But the CEO blames it on sales execution

    Advice to ManagementAdvice

    PEOPLE LIE, NUMBERS AND EVIDENCE DO NOT!
    Its not a sales execution issue its a lack of a stable platform, slow innovation and inability to meet a global organizations requirements issue that has caused your disastrous downward slide in 2014 that's cut the market cap by 40%
    SAP, Oracle and Lawson have the platform to meet commercial enterprise needs and SciQuest does not, despite your rhetoric.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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