Take control of your services spend program
Outside services spend continues to grow and expand into new areas within the enterprise. Yet most companies still manage their services spend the same way they did when there was only a single category or geography to consider. This creates a gap in program consistency, a lack of centralized management of services spend, and results in a procurement process that is fragmented, inefficient, and slow.
With the increasing use of contingent workers, consulting projects and offshore/outsourcing, the delivery risk of services is increasing and needs to be managed even more closely.The IQNavigator intelligent approach carefully monitors all aspects of service deliverables to ensure their quality, timeliness and contract compliance throughout the term of the contract. IQN10 removes the murky cloud masking a time-consuming and error-prone process to ensure compliance is closely managed, eliminating unnecessary costs such as undetected contract overruns and duplicate invoices.
IQN10 clients enjoy:
- Improved Process Efficiencies: Automate the procurement and payment processes to reduce cycle time and cost over 70% while improving the resulting services quality, contract terms, and payment speed and accuracy.
- Compliance Risk Management: Ensure compliance with company policies, supplier contract terms and government regulations through configurable compliance rules and approval requirements, and enforcement of contract terms and rates. Financial compliance is also achieved through spending approval requirements and process controls, auditability, and accurate invoicing and cost allocation.
