IQNavigator Addresses Industry Need to Replace Dated Vendor Management System Software and Managed Services Programs
Company to Offer Rapid Business Assessment of Global Services Spend for Limited Time At No Cost

DENVER, Colorado, March 5, 2007 - IQNavigator, Inc., a leading provider of services procurement software and managed service programs, is addressing the need for large Global 2000 organizations to consider the significant benefits that can be achieved by replacing dated first generation Vendor Management Systems (VMS) programs with the IQNavigator7 services procurement platform and Flexible Service Delivery Model™. Current IQNavigator customers who have made the change from traditional VMS programs are realizing up to 25 percent cost savings on their services spend, equating to millions of dollars in savings annually.

IQNavigator has launched a VMS Replacement Program which focuses on the replacement of outdated VMS solutions with their multiple service category solution that will allow customers to quickly extend their VMS programs across new additional areas of spend and into new geographic regions globally.

“We’ve met with numerous Global 2000 customers and prospects and have heard that past generation VMS solutions are not addressing the complex global requirements and needs of today’s largest organizations,” said John P. Raeder, Jr., IQNavigator President and CEO. “Traditional VMS tools are outdated and are not scaling to support global contingent workforce management or multiple service categories. Additionally, the managed services programs aren’t supporting new innovative best practices. Global 2000 companies have simply outgrown traditional VMS solutions.”

IQNavigator’s solutions address the critical requirement for all areas of services spend including Outsourcing & Off-shoring, Professional Services, IT Services, Temporary Labor, Facilities Management, Legal Services and more. More importantly, IQNavigator’s managed service programs have evolved with the increasingly complex service categories, and can effectively address all categories of services spend from sourcing to settlement.

IQNavigator’s vendor-neutral managed service program ensures end-to-end support across all service spend categories including, but not limited to: supplier negotiations and rationalization; sourcing and fulfillment for contractors, consultants, and project teams; ongoing supplier bench marking and performance management; ensuring corporate compliancy and minimum co-employment risk; asset and security controls; on-boarding and off-boarding support, and various incremental outsourcing activities.

A vendor neutral environment is key because it encourages all suppliers to provide their best resources and pricing in an open bid-type setting for all categories of spend. Traditional VMS software applications typically favor a select supplier or group of suppliers, making other hiring suppliers reluctant to share their recruiting data. Since IQNavigator is 100 percent vendor neutral (i.e. not owned by another entity or a larger staffing supplier), they serve as a trusted advisor, strategically aligned to their client’s needs and requirements.

For a limited time, IQNavigator welcomes all Global 2000 organizations currently using a dated VMS solution to participate in a no cost rapid business assessment that will take an in-depth look at the company’s contingent labor and services spend to build a business case that will help identify cost savings, areas for improvement, current program weaknesses and recommended strategies moving forward. Call 1-877-267-0905, or contact the company online at http://www.iqnavigator.com/contact.html.

About IQNavigator
Founded in 1999, IQNavigator provides Services Procurement software and services solutions to Fortune 500 companies such as The Bank of New York, Quad/Graphics, Entergy, Shell, Northrop Grumman, Sony Electronics, Verio, 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.