iQuantum Reviews & Product Details

iQuantum provides an end-to-end, enterprise eProcurement and reporting platform that is highly customized to the needs of the business with a fast time-to-value. While most eProcurement platforms allow configurability and even customization at an industry level, iQuantum provides deep customization based on the customer's defined business rules. This level of customization and flexibility enables the customer to realize greater supplier efficiency and economies of scale by applying machine learning to spend optimization, and supplier selection and performance, while meeting evolving business needs. Deep capabilities in spend management with diversity spend, contract management and compliance, supplier risk and performance, and partner integration enable the creation of an entire supplier ecosystem built around the demanding and changing needs of the customer's business environment. iQuantum’s Spend Management offers highly accurate and actionable insights that provide immediate ROI by offering cost-savings opportunities against industry standards across contrasting or siloed spend data by geographic locations and business units. The platform provides enterprises with data to gain useful insights into supplier performance to build better and stronger supplier relationships and proactive development, which later will assist them in generating a list of non-performing suppliers. In addition, enterprises can effortlessly match spend against supplier contracts for enhanced contract compliance and improved procurement efficiency.