Global AI-Powered Procurement Spend
Platform with Integrated Diversity Spend Analytics
Rapid Onboarding and Easy-To-Use Modern UI for Maximized Adoption and Value, Integrated ESG and Sustainability for Corporate Compliance
iQuantum AI/ML Powered eProcurement Solution
iQuantum brings to the marketplace an AI/ML powered procurement tool to gain full visibility on all spend types for Procurement leaders. It integrates a robust diversity spend solution with supplier sustainability, performance management and contracts management. Its AI/ML brings predictive analytics for better purchasing decisions.
iQ.SRM
- International Supplier Registration
- Supplier Onboarding
- Supplier Performance Management
- Detailed Scorecard Solution
- RFx Management (RFI, RFP, RFQ)
- Events/Opportunities/Bids
- Access to iQuantum’s Global Supplier Database
iQ.Contracts
- Full Contracts Lifecycle Management
- Third Party Contract Integration
- OCR/ML to Identify High Risk Contracts
- Document Management to Streamline Contract Templates
- Cost Savings Tracker
- Rebate Tracker
- Customizable
- Integrated Matter Management for Legal
iQ.SpendPower
- Customized Leadership Dashboards
- Manage Direct, Indirect, Maverick Spend
- Set MRO and Maverick Spend Limits
- Spend Analysis Reporting
- Forecasting
- Gap Analysis
- Task Manager
- Project Manager
iQ.Diversity
- Robust Tier 1 Diversity Management
- Robust Tier 2 Diversity Management
- Data-enrichment
- Economic Impact Analysis
- Government Reporting
- Certificate Management
- Get iQuantum Certified with Certifix
iQ.Compliance
- DocVault for All Compliance Documents
- Customized for Each Customers Compliance Needs
- Alerts on Non-compliant Suppliers
- Automated Annual Compliance Updates
iQ.Purchasing
- Punchout2Go Ready
- Integrated PO and Invoicing Process
- Alerts on Exceeded Maverick Spend Limits
- Streamlined Approval Process
What iQuantum Customers Are Saying
We looked at several platforms before using Quantum. The major selling point for us was the customer Tier 2 reporting functionality. This is a game changer for us as we only have a few people providing this reporting to customers. This system makes it very easy to report now. Additionally, the system is very easy to use.
Supply Chain Sustainability & Supplier Diversity Manager
Information Technology and Services Industry
10,001+ employees
iQuantum adds amazing value! User friendly, great spend management solutions that add value to the organization.
Sr. Procurement Analyst
Information Technology and Services
10,001+ employees
Quantum’s software is very straightforward and easy to navigate. But the real pro of working with Quantum is their team and customer service. They have been true partners as we’ve expanded our Supplier Diversity Program at Merck. They are reliable, flexible and adaptable. The Quantum Team is always willing to work with us and customize the dashboard to fit our business needs.
Senior Specialist, Global Economic Inclusion & Supplier Diversity
Pharmaceuticals Industry
10,001+ employees
Some Of Our Customers
The iQuantum eProcurement Solution
Providing much-needed digital transformation of procurement by automating accurate allocation and simplifying the process of controlling and reducing indirect, maverick, tail, and MRO spend.
iQuantum Solutions
iQuantum offers solutions that enable corporations, governments, individuals and agencies real time reporting based on classification, geography and industry codes.
Compliance Management
Sustainability, Conflict Mineral and Vendor Risk.
RFx
RFI/RFP/RFQ management with focus on industry verticals.
Performance Management
Supplier performance and scorecard evaluation.
Contracts Lifecycle Management
Contract Management for customers and suppliers.
Data Enrichment
Classification of suppliers for diverse spend tracking through sophisticated enrichment process.
Supplier Diversity Spend Reporting
Comprehensive Tier1 and Tier2 automated spend tracking reporting solution.
Economic Impact Analysis
Reports impact to Direct, Indirect, Induced and Value-added dollars.