Corbus Releases SMART Tool Utilizing SciQuest to Uncover Savings for Clients

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In the second quarter of 2013, Corbus, LLC rolled out its proprietary methodology created to gauge performance and identify areas of improvement within an organization: SMART (Spend Management Assessment and Roadmap Template).

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'The SMART methodology developed by Corbus is in lockstep with SciQuest’s mission to help customers turn spending into a strategic source of savings,' said Brian Daniels, Vice President, Spend Analysis at SciQuest.

In the second quarter of 2013, Corbus, LLC rolled out its proprietary methodology created to gauge performance and identify areas of improvement within an organization: SMART (Spend Management Assessment and Roadmap Template). SMART maps an organization’s Sourcing & Procurement capability maturity level, identifies gaps to best practices, and provides an implementation roadmap to close the gaps. SMART utilizes its partner’s Spend Analytics platform, SciQuest Spend Radar, to set the spend baseline, identify potential savings opportunities, and ensures the availability of consistent, cleansed data.

“SMART is derived from decades of exceptional client service delivery, and is influenced by the experience of Corbus practitioners working with leading Blue Chip consultancies,” stated Patrick Reymann, Director, Strategic Sourcing Operations. “Our methodology yields a transformational blueprint infused with specific initiatives and governance metrics developed to drive savings and efficiency improvements.”

Aligned to three separate work streams (Process, Technology, Organization), SMART involves a 4-6 week process that includes stakeholder interviews, surveys, process mapping, spend analytics, maturity modeling, gap analysis and initiative identification. The output of SMART provides recommendations to position a client’s services toward best-in-class. Corbus provides specific, actionable and tangible results oriented improvement recommendations designed to reduce costs, improve processes and apply industry best practices.

“The SMART methodology developed by Corbus is in lockstep with SciQuest’s mission to help customers turn spending into a strategic source of savings,” said Brian Daniels, Vice President, Spend Analysis at SciQuest. “We’re thrilled to partner with Corbus to extend the value of our cloud-based business automation solutions to their customer base, helping organizations to cut costs, improve efficiency and gain visibility into and control over their spending processes.”

Corbus, LLC

Corbus, LLC, a minority owned, global solutions provider founded in 1994, offers Information
Technology (IT), Sourcing and Procurement and Business Process Management (BPM) related services and solutions across a variety of industries. Using a global delivery model, including multilingual and multicurrency flexibility, these services provide value by improving client business processes, reducing operating costs, improving product quality and extending global capabilities. With a focus on innovation and flexibility, Corbus nurtures each relationship to become a partner of choice for its clients. For more information, visit http://www.corbus.com.

Corbus is a global organization, headquartered in North America with a presence in Europe and Asia Pacific markets. Corbus is a wholly owned subsidiary of Soin International LLC, a private multi-national holding company that provides strategic management, administrative systems, and financial support to a diverse array of worldwide subsidiaries and affiliates.

SciQuest

With a reputation for deep domain knowledge, a solid customer-driven portfolio, and industry-leading customer satisfaction, SciQuest (NASDAQ: SQI) is the largest public provider of cloud-based business automation solutions for spend management that turn spending into 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. To join the conversation, please visit our blog, The Open Kitchen – or follow us on Twitter @SciQuest.

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Kate Mosure
Corbus
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