IQNavigator Wins Prestigious Crossroads A-List Award 2004; IQNavigator Services Procurement Product Suite Recognized for Quickly Delivering Measurable Results for Customers.Business Editors BOSTON--(BUSINESS WIRE)--May 18, 2004 IQNavigator, Inc., the leader in services procurement and spend management solutions, today announced that its IQNavigator product suite has been selected to receive a Crossroads A-List Award 2004 from Open Systems Advisors (OSA 1. OSA - Open Scripting Architecture. 2. OSA - Open System Architecture. ). For 11 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Crossroads A-List Awards have identified the best new technology solutions proven to deliver results. In 2004, OSA concentrated on evaluating solutions and services that addressed top technology investment priorities, selecting only 10 winners in the most competitive year in the history of the Crossroads A-List Awards. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Nina Lytton, president and principal analyst of OSA, "Implemented quickly as a business service, the IQNavigator suite has enabled Fortune 500 corporations in multiple industries to achieve their stated goals with quantifiable financial benefits. For some it has delivered ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). up to 500% per annum Per annum Yearly. , for others 100% payback within a few weeks. Benefits include significantly reducing services spending costs; improving vendor management with several strategic suppliers; creating a consistent, streamlined services requisition/hiring process across multiple divisions or groups, and enabling management reporting, regulatory compliance and accurate accounting." Drawing on in-depth interviews with line-of-business and IT executives, OSA identifies the newly proven solutions and services that are making the strongest contribution to business results for early customers right now. Interviews with these early adopters are key in determining qualifications for success including deployability, strategic value, quick payback and measurable return on investment. In 2004, the Crossroads A-List Awards program elevated its prestige by identifying only 10 companies as can't miss opportunities for technology investment. "It's a great honor to win the Crossroads A-List award, which recognizes technology that is transforming the way business is conducted today," said John P. Raeder, Jr., president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IQNavigator. "Our market-leading platform has achieved several software product awards in the last year, underscoring our leadership position in services procurement and validating the benefits our customers achieve." The IQNavigator product suite automates the end-to-end sourcing, procurement, managing, and paying processes to enable purchasing the best-fit services at the most competitive price. The solution implements within a few weeks, saves considerable costs through competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. and process efficiencies, and ensures compliance to significantly reduce risk and financial errors. The product suite includes a secure e-marketplace for services sourcing and procurement, tools for monitoring and controlling services spending, simple integration with existing enterprise systems, and integrated process automation for requisition definition and bidding, delivery of services, accurate invoicing and payment. The full text of the Crossroads A-List Awards briefs can be accessed at http://www.crossroads-osa.com. About Open Systems Advisors, Inc. Open Systems Advisors, Inc. (OSA), founded in 1989, helps businesses recognize and realize value from their technology investments. Principal Nina Lytton provides strategic and marketing consulting services for technology vendors, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. for venture capitalists, and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for organizations pondering where to innovate with technology vs. where to emulate best practices. OSA conducts the Crossroads A-List Research and Awards program on an annual basis, recognizing the best newly proven IT solutions for today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. challenges. The company can be reached by sending email to info@crossroads-osa.com. About IQNavigator IQNavigator, Inc.,(TM) helps the Global 2000 and their services suppliers optimize services procurement and spend management processes through IQNavigator6, its award-winning suite of applications for time-based and project-based of all types. The market-leading family of integrated applications, with distinctive business intelligence capabilities, connects to and extends traditional e-Procurement, HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist and ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. solutions by automating the extensive and unique requirements for procuring, managing, measuring and optimizing outside services. Combined with fast implementations and best-practices process design, IQNavigator solutions quickly deliver substantial bottom-line benefits to leading enterprises such as Shell, Northrop Grumman, Sony Electronics and Alcatel. For more information about IQNavigator solutions, please visit IQNavigator's Web site at www.iqnavigator.com or call (877) 267-0905, international +1.303.563.1500. |
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