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Average Ratings 0 Ratings

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ease
features
design
support

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Description

Maximizing the profit margins you gain from your suppliers can be a challenging endeavor and is often regarded as a skillful art. In the realm of purchasing, it's apparent that suppliers do not always provide their most competitive pricing. This creates a perpetual cat and mouse dynamic regarding how profits are shared between your company and the suppliers. The best pricing is influenced by how eager the supplier is to secure your business, and their level of concern about potentially losing it. So, how can one effectively and swiftly illustrate this concept? Procurement Power offers a streamlined platform where suppliers compete against one another and can clearly see their bidding positions, which ultimately creates a more equitable marketplace. Numerous Fortune 500 companies have recognized the advantages of this purchasing strategy and have been implementing various auction systems for their suppliers for several years now. It's important to note that every purchase carries its associated costs, which can fluctuate based on the nature of the item being procured and the extent of negotiations involved. Additionally, understanding these dynamics can lead to better decision-making and improved supplier relationships.

Description

iQuantum introduces an advanced AI/ML-driven procurement solution designed to provide Procurement leaders with complete visibility across various spending categories. This platform combines a strong diversity spend feature with tools for supplier sustainability, performance assessment, and contract administration. By leveraging AI/ML capabilities, it offers predictive analytics that enhance purchasing decisions significantly. The procure-to-pay process provided by iQuantum ensures a swift onboarding experience for procurement teams, making it easier to adapt to new systems. With its contemporary design and user-friendly interface, both customers and suppliers find it easy to navigate and utilize. Additionally, iQuantum boasts a comprehensive global supplier database that gives clients a competitive advantage. The solutions provided cater to corporations, government entities, individuals, and agencies, allowing for real-time reporting categorized by classification, geography, and industry codes. Furthermore, iQuantum supports full lifecycle management of contracts, integrates third-party contracts seamlessly, employs OCR/ML technology to pinpoint high-risk contracts, and incorporates document management features to simplify contract template usage. Finally, a cost savings tracker is also available to help organizations monitor their financial efficiency.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ariba Network
SAP Cloud Platform

Integrations

Ariba Network
SAP Cloud Platform

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Serex Procurement Solutions

Founded

2013

Country

Canada

Website

www.serexprocurementsolutions.com

Vendor Details

Company Name

iQuantum

Country

United States

Website

www.iquantum.ai/

Product Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Product Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Supply Chain Management

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management

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