Kyriba
110 Case Studies
A Kyriba Case Study
Scientist.com is the world’s leading enterprise gateway marketplace for outsourced R&D that connects pharmaceutical buyers with over 3,100 research suppliers. The company faced a major challenge: small and mid-sized suppliers were routinely subject to long payment terms (often 120 days), which blocked their access to working capital and prevented them from bidding competitively on projects, slowing innovation and constraining the supply chain.
To solve this, Scientist.com partnered with Kyriba to launch SciPay, an early-payment, dynamic-discounting and invoice-management program with rapid onboarding. Within months 45 small suppliers joined, enabling $4M in early payments in the first six months, a 50% reduction in procurement lifecycle (and 80% faster source-to-settle), 95% on-time payments, a 130% increase in supplier GMV, 24.3% more purchase orders, and $100K in new revenue—helping suppliers grow, buyers secure consistent supply, and innovation proceed faster.
Kris Kagan
Vice President of Finance