SOURCE: IQNavigator, Inc.

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November 04, 2009 09:00 ET

IQNavigator Launches IQN10 for Services Spend Management

Software to Manage Spending on Outside Services and Contract Workers Features New User Interface, Reporting and Workflow

DENVER, CO--(Marketwire - November 4, 2009) - IQNavigator, the leading provider of vendor neutral solutions that help global companies manage spending on contract workers and outside services, today announced the launch of IQN10, the industry's most advanced software-as-a-service (SaaS) platform for services spend management.

"This release marks a milestone for our industry and for our customers," said John Raeder, CEO, IQNavigator. "10 years ago, IQNavigator was the first solutions provider to develop a true SaaS platform for services procurement, and we continue to deliver breakthrough savings to our clients with our unique MSP offering. Today marks a decade of continuous innovation that has helped our clients save millions, improve compliance and drive bottom-line results."

IQN10 is the 10th version of the company's award-winning vendor management system (VMS). The system has 1.7 million registered users in 93 countries managing approximately $10 billion in spend. The new release was developed with input from IQNavigator clients such as 3M, Accenture and Jeppesen, and features a completely redesigned user interface. Screens have been enhanced and simplified to provide one click access to any contract position, and a single screen now shows information formerly found across five separate screens. New graphics allow users to easily determine current status of any process, previously completed steps and any future actions needed. IQN10 also features custom reporting across more than 5,000 data elements, including client-defined fields.

"In most companies, services spending is a large but relatively untapped opportunity for savings due in part to the complexity of the category," said Kevin Brooks, Senior Vice President of Marketing, IQNavigator. "IQN10 helps get this category under control with an intuitive, process-based approach that automates every step from an initial request for a service or contingent position all the way through approvals, candidate selection, on-boarding and ultimately, completion of the assignment or project."

New Features

In addition to the enhanced user interface, IQN10 features a variety of new features designed to help both occasional users and power users gain more visibility and control over services spending. Notable new features include:

--  Custom reporting on over 5,000 standard and client-defined data
    elements
--  Simplified management of multiple open positions
--  Quick glance views of candidate information and resumes
--  Graphical project status and candidate tracking
--  Guided workflow to support candidate recruiting, hiring and
    performance management
--  Candidate ranking
--  Supplier collaboration
    

Availability

IQN10 is the latest version of IQNavigator's award-winning SaaS solution and is currently available to all customers.

About IQNavigator

IQNavigator is the leading provider of services spend management software and managed services that enable companies such as Charles Schwab, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain visibility and control over a significant and strategic corporate spend category. With proven domain expertise and innovative technology solutions, IQNavigator helps turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement. For more information, visit www.IQNavigator.com.

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