ENTERGY IMPLEMENTS IQNAVIGATOR TO MANAGE AND CONTROL SPENDING IN MULTIPLE SERVICES CATEGORIES
IQNavigator6 supports field services and staff augmentation categories within a single platform
DENVER, Colorado, June 20, 2005 --
IQNavigator, Inc., the leading provider of services procurement and optimization solutions, today announced that Entergy Corporation, an integrated energy company engaged primarily in electric power production and retail distribution operations, has implemented IQNavigator6 to manage and control its services spending for both field services and staff augmentation. IQNavigator's robust platform replaces two existing point solutions, providing Entergy with a comprehensive view of its services spending and supplier management as well as consistent processes and reporting.
"We needed a flexible solution provider that would partner with us to deliver a comprehensive and configurable solution to meet our specific needs for the energy sector," said Don Newell, Distribution Contract Services Manager at Entergy.
Using IQNavigator6, Entergy manages geography-based field services such as vegetation management with complex rules-based processes covering recurring planned maintenance and reactive services such as storm cleanup.
"Our field services require a flexible unit of measure pricing and settlement approach . Our suppliers may be paid by the number of miles they have trimmed or by a specific service they have provided," said Brian Duckett, manager of supply chain, process analysis, and six sigma for Entergy. "IQNavigator6 supports these unique requirements while enforcing internal policies and procedures to provide consistency across our organization."
IQNavigator's solid technology foundation for integration via secure Web services also provides real-time data exchange with several of Entergy's software systems including their ERP system for cost code allocation and approvals. These integrations further assist Entergy with their compliance requirements.
"Compliance is a critical requirement for Entergy. IQNavigator6 has solid controls that enforce compliance to negotiated rates, satisfying our internal control requirements," said Duckett.
"IQNavigator's robust platform provides tight integration to legacy systems enabling Entergy to improve their business processes, supplier performance and services spending reporting," said John P. Raeder, Jr., president and CEO of IQNavigator. "IQNavigator's best practices implementation process is designed to generate client success and value across the enterprise. Our partnership with Entergy demonstrates how IQNavigator's strong customer focus results in bottom line benefits."
Customers using IQNavigator6 achieve process efficiencies, cost savings and compliance to contract terms, resulting in complete and accurate spending information to further optimize spending.
About IQNavigator
Founded in 1999, IQNavigator provides services procurement and optimization solutions to Fortune 500 companies such as Shell, Northrop Grumman, Sony Electronics, Schlumberger and Alcatel. 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.
