IQNavigator Cited as a Leader by Independent Research Firm
Company Receives Highest Overall Score of Current Product Offerings for Services Purchases
DENVER, Colorado - May 2007 - IQNavigator today announced that it was named a "leader in services procurement" in the April 20, 2007 Forrester Wave™ report titled, "eProcurement Solutions, Q2 2007," by Andrew Bartels.
In an evaluation of 14 vendors against a defined set of criteria, IQNavigator received the highest score overall of current product offerings for services purchases. The report also states, IQNavigator is a "services procurement specialist" based on the company's "top scores in engagement management and very good scores for strategic services management and types of services supported." In addition, the company's solid strategy, strong product offering and corporate stability were recognized as critical factors to the organization's success.
IQNavigator believes that in today's competitive global environment, organizations are challenged to maximize cost savings across operations. Facing complex organizational structures and fragmented business processes, many struggle to maintain control over their multi-million-dollar services spend. By leveraging the IQNavigator Software-as-a-Service (SaaS) platform to source, procure and deliver complex services, enterprise organizations can realize millions of dollars in cost savings and provide performance visibility into all spend across every business unit.
Furthermore, IQNavigator helps customers ensure compliance with internal company policies, supplier contracts and government regulations. They do this while also automating tracking and reporting processes and increasing efficiency by eliminating the need for manual requisitions and invoice reconciliation. Customers obtain better visibility into supplier rates and performance, and achieve the overall benefit of more strategic global sourcing with reduced costs and risk.
"We are pleased to be recognized as a leader in services procurement in the Forrester eProcurement Solutions Wave report and are proud of our track record of delivering significant value to our global clients," said John P. Raeder Jr., President and CEO, IQNavigator. "We look forward to extending our position and helping our Fortune 2000 clients in their strategic initiatives for services procurement."
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.
