Features

Requisition Management

Resource Sourcing and Procurement

Requisition Creation: Assist manager in utilizing the IQNSystem for requisition creation or create the requisition on behalf of the manager.
Approval Hierarchy Management: Update the IQNSystem as requested by the customer for changes in the approval hierarchy.
Supplier Distribution Management: Distribute requisitions to customer’s vendors in its private market place and assist in the documentation collection and setup of diversity and preferred suppliers.

Assignment Management

Assignment Management: Monitor the assignment and update appropriate items relating to funding, extensions and ongoing maintenance.
Time Entry & Approval Management: Monitor feeds from customer so as to timely process the applicable data within the IQNSystem and seek timely invoicing.
Rate Compliance: Monitor the candidates selected rates to determine whether such rates are within rate card parameters.
Length of Stay Compliance: Monitor supplier engagements and extensions to determine whether such fall outside of customer “Length of Stay” policy.

Invoicing and Payment Management

Consolidated Invoicing: Consolidate invoices and submit to customer on a semi-monthly basis.
Supplier Reconciliation of Payment: Respond to supplier inquiries concerning invoices and expense reports and other related questions.
Supplier Payment and Reporting: Train and set up new suppliers with respect to payment and reporting procedures.
Supplier Payment Distribution: Remit payment amounts to suppliers and act as payment facilitator.

Worker Classification Program

1099/Independent Contractor (IC) strategy definition
Compliance testing and worker classification
Payroll Management
HR and payroll administration
Employer of record
Work with multiple local, national, and international partners
IC Management
Agency of record services
Contract definition and administration
Contract and tax compliance

DIVERSITY AND COMPLIANCE MANAGEMENT

Diversity Strategy Definition and Execution

Maximizes opportunities for diverse supplier participation
Maintain supplier diversity certification
Diversity spend reporting
Actual goals
Diversity supplier training
Understanding diversity suppliers role and opportunity

Compliance and Risk Mitigation

Supplier audits
Contract & insurance monitoring
Tenure policy management
Payroll, wage, overtime compliance

SUPPLIER MANAGEMENT

7500+ active suppliers within IQN programs with a 99.5% adoption rate

Supplier Optimization and Tiering

Ensure optimum supply base to support line of business demand and to maintain competition
Continuous performance measurements
Ensure top performing suppliers are classified as Tier 1
Define pricing and savings strategies by category
Rate card (Bill rate, mark up, pay rate + mark up, etc.)
Supplier recognition programs

Sourcing Review and Refinement Strategy

Ensure supplier performance metrics align with program strategy and objectives
Frequent supplier conferences and one on one reviews

Supplier Communication Plan

Supplier scorecard and performance metrics
Demand planning, projections, and business needs
Supplier feedback reports
Supplier performance evaluations
Supplier and buyer collaborative forums

Compliance and Risk Mitigation

Spend distribution across key suppliers
Rate card compliance
Supplier audits
Contract and insurance monitoring
1099/IC management strategies

CATEGORY MANAGEMENT

Cross-category expertise delivered in a single consolidated solution; promotes continuous program improvement and expansion across operating units and service categories

Service Specific Category Strategies

Cost savings, contract uptake, compliance, supplier quality, on-time completion, and customer and stakeholder satisfaction
Category-specific definitions and rules of engagement
Service-specific MSA and SOW SLAs
Supplier sourcing strategies
Supplier SLAs and scorecards