SOURCE: IQNavigator

October 23, 2007 12:09 ET

IQNavigator Enhances Their Total Solution for Services Procurement

Expanded Service Offerings, Combined With Introduction of IQNavigator 8.0, Provide a Comprehensive Enterprise Services Procurement Solution

DALLAS, TX--(Marketwire - October 23, 2007) - Contingent Workforce Strategies Conference, Booth 22 -- IQNavigator, the leading provider of services procurement software and managed service programs, today announced that the company has expanded its total solution for service procurement, with enhanced and proven managed service programs coupled with the latest release of its enterprise SaaS platform, IQNavigator 8.0. The next generation of IQNavigator's "total solution for services procurement" addresses enterprise customer requirements for business alignment, flexibility and visibility when managing procured services.

According to Forrester Research(1), a typical large enterprise spends millions to hundreds of millions of dollars on services providers each year, which can represent anywhere from 30% to 70% of its purchases from outside suppliers. In today's dynamic business environment, organizations require a comprehensive strategy to address global services procurement. Users can no longer focus on cost and profitability of services as the primary success metric; instead organizations need to consider the expected value to the customer and ensure the services structure can be viewed objectively, based solely on the needs of the organization.

The IQNavigator total solution delivers comprehensive oversight and visibility into services purchases through its market-leading vendor neutral service offerings and software. IQNavigator's enhanced service offering transcends the tactical day-to-day operations, empowering customers with market expertise and unique analytic capabilities to help identify improvement opportunities and align services deliverables with the goals of the organization. The IQNavigator Software-as-a-Service platform captures key metrics and data and is utilized to proactively plan and strategize. Key strategies include: rate analysis and benchmarking, sourcing assistance for new services, supplier relationship management, marketplace optimization, trend and rate analysis, and benchmarking.

"IQNavigator provides Hawker Beechcraft with a strategic combination of technology and services, delivering high quality results including better process efficiencies, visibility into the entire scope of services spend, and most importantly measurable cost savings," said Chris Knaak, Performance Excellence Black Belt at Hawker Beechcraft.

Based on a proven global SaaS platform, the introduction of IQNavigator 8.0 will provide the customizability, flexibility and visibility that users demand. Enterprise organizations can gain significant process efficiencies and ensure information quality by leveraging IQNavigator's ability to easily integrate and synchronize with a multitude of customer and partner systems.

Key features and benefits of IQNavigator 8.0 include:

--  User interface customizability - beyond "branding" capabilities,
    customers can re-design screens by modifying the presence and order of
    fields, customize email notifications and create their own "helper wizards"
    to automate and guide specific purchasing decisions for infrequent users
--  Mobile access - Users can approve timecards and perform transactions
    from mobile devices for real-time management of services
--  Expanded analytics and metrics - Customers can add external data to
    augment and re-map the data elements in IQNavigator, as well as add
    customer-specific metric calculations on the fly.
    

"Organizations require comprehensive services procurement and spend management programs that are highly flexible, efficient, and robust to address diverse spend categories and business environments. The notion of one size fits all no longer applies; instead companies need specific subject matter expertise and market-leading technology that can adapt with their business," said John P. Raeder, Jr., President and CEO of IQNavigator. "With our roster of Global 2000 customers, IQNavigator has built a foundation in delivering innovative solutions and services to address enterprise customers' complex business requirements. Our latest offering demonstrates our ongoing commitment to helping customers achieve enterprise services procurement success."

About IQNavigator

IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company's award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab, Entergy, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and visibility into their multi-million-dollar services procurement costs. With proven domain expertise and innovative technology solutions, IQNavigator can help customers quickly and easily turn complex services spend into a new source of value, competitive advantage, and continuous bottom-line improvement. For more information please visit www.iqnavigator.com.

(1) September 17, 2007 report titled, "Services Procurement Grows Despite Obstacles"

Contact Information

  • Media contact Information:
    Ashley Schmidt
    IQNavigator
    303-563-1603
    Email Contact

    Carole Trachimovsky
    Horn Group, Inc.
    781-356-7167
    Email Contact