SOURCE: IQNavigator

April 22, 2008 11:00 ET

Recession-Proof Your Business: Why Services Spending Represents the Next Great Opportunity for Cost Savings

DENVER, CO--(Marketwire - April 22, 2008) - IQNavigator, Inc., the leading provider of services procurement software and managed service programs, announced today that it will be exhibiting and holding informational sessions entitled "Recession-Proof Your Business: Why Services Spending Represents the Next Great Opportunity for Cost Savings" at ISM's 93rd Annual International Supply Management Conference, May 4 through 6, 2008 in St. Louis, Missouri.

In light of the current economic downturn, organizations are facing unrelenting demand to deliver more cost savings and bring more spend under management. According to a September 2007 Forrester report titled Services Procurement Grows Despite Obstacles, "a typical large enterprise spends millions to hundreds of millions and even billions of dollars (or euros, pounds, kroner, pesos, or yen) on services providers each year, which can represent anywhere from 30% to 70% of its purchases from outside suppliers. Yet this enormous amount of spending on services is typically poorly managed, with inefficiencies in how these services are sourced, purchased, tracked, invoiced and paid, leaving tens of millions of dollars in potential savings on the table at the average large enterprise."

As a result, a company's services spend represents the next great opportunity to capture these savings. IQNavigator will hold three informational sessions during the conference discussing why services procurement is different than goods procurement and requires a different approach than a standard eProcurement solution, why successful services procurement delivers quantifiable value and finally share IQNavigator customer success stories.

Join industry experts as they share why services spending represents the next great opportunity for cost savings at the ISM Show by dropping by booth #626 and signing up for the information sessions that will be held on Monday May 5th and Tuesday May 6th.

Please contact Ashley Schmidt at ASchmidt@IQNavigator.com for any questions.

About IQNavigator

Founded in 1999, IQNavigator provides services procurement and optimization solutions to Fortune 500 companies such as Charles Schwab, Shell, Northrop Grumman, Sony Electronics, Alcoa, Schlumberger, Quad/Graphics, and Entergy. The company's award-winning suite of integrated applications enables companies to increase profitability by reducing and controlling costs for all types of outside services spending worldwide. IQNavigator has a successful track record for delivering a compelling and fast return on investment, as well as adaptable process control, enterprise-wide financial analysis and enhanced performance. The company is recognized as an industry pioneer and offers deep domain expertise in key market segments such as financial services, energy, healthcare, manufacturing and aerospace/defense. IQNavigator is headquartered in Denver, Colorado, and is found on the Web at www.iqnavigator.com.

Contact Information

  • Press Contacts:
    Ashley Schmidt
    IQNavigator
    303-563-1603
    Email Contact