Spend Matters 50/50: IQNavigator – A Provider to Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives should have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about IQNavigator:

"IQNavigator (IQN) is the second largest vendor management system (VMS) in the world based on spend annually processed through the platform. Founded in 1999, it is now the largest, pure-play, independent (i.e., not owned by another software company or a staffing business) VMS provider, with an average of 750,000 daily users and a network of thousands of suppliers. While VMS solutions have generally not been widely adopted outside of North America, IQN is notable for its global footprint: With “more than 45% of customers’ services spend … from outside the US,” IQN can serve customers in 125 countries (49 localized) and 16 languages. Enterprise contingent workforce management programs and MSPs use IQN to facilitate and control their internal demand for and external supply of contingent workforce (primarily provided by staffing suppliers of temporary labor and suppliers of SOW services)".

There's more on what our US colleagues have to say about IQNavigator here, but in Europe as the paragraph above suggests,we are seeing a higher profile for the firm. We wrote recently about some of their interesting latest developments,and they are certainly looking to become perceived as thought-leaders in their field, as well as adding to the functionality of their software. Europe is less developed than the US probably in this market, but things are certainly changing, so we expect to see more of IQN (and their major competitors) this side of the Atlantic.

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