IQNavigator Completes Largest Implementation in VMS Industry

DENVER, Oct. 23, 2012 /PRNewswire/ -- IQNavigator, the leading provider of services procurement and external workforce solutions to Global 2000 companies, today announced the go-live of over $1.5 billion in annual contingent workforce spend for a Fortune 50 financial services firm. This implementation is the largest single-phase go-live in the VMS industry to date.  

With the implementation project, IQNavigator consolidated several VMS programs and loaded more than 50,000 work orders, including historical work orders for complex tenure-tracking rules. The first day after, the go-live concluded with 25,000 logins and the creation of tens of thousands of timecards, approvals and many other transactions.

IQNavigator's highly-scalable architecture returned 98 percent of pages to users within one second, with a typical report return time of under 20 seconds. All real-time reporting data was included which was essential for finding and resolving any data discrepancies over the first few days.

"Having gone through unsuccessful implementations with other enterprise solutions, we learned it's really important to know you selected the right vendor and you have the right team working through the implementation project," said the client's project sponsor. "Our experience with IQNavigator confirmed we made the right choice."

"A vendor's implementation capabilities and proven ability to integrate with client systems are mission-critical, as our client can attest," said John F. Martin, CEO of Emerging Markets and CTO for IQNavigator. "Regardless of program size, customers should take care to choose a VMS that is highly scalable and high-performance, as all SaaS customers share the same multi-tenant platform."

About IQNavigator

IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their external workforces around the world. IQNavigator's cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies' procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world's most respected companies, visit www.IQNavigator.com.

SOURCE IQNavigator