IQUANTUM
Quantum ’ s Strategy iQuantum ’ s Strategy is best seen according to 3 main facets - 1 . For Diversity , their approach is two-fold . Firstly , they want to help companies find , on-board and buy from diverse suppliers easily . Secondly , they aim to help diverse suppliers gain exposure to potential customers by giving them a platform to market their products and services
2 . For ESG , iQuantum ’ s goal is to help make this an integral part of the company and not just an afterthought to meet reporting requirements . For example , they help companies assess their GHG emissions footprint early in their product development when designing new products or building new facilities
3 . For Source-to-Pay , iQuantum ’ s goal is to make the entire process seamless . They provide a single platform upon which companies can execute all aspects of procurement , ie Finding suppliers ( Q-Discovery ), Qualify ( via RFx and Direct Material Sourcing for Manufacturing ), Onboard ( Contracts ), Procure ( Order Management ), Monitor ( SRM ), and Control ( Spend Analytics ), but also allow modular consumption . They also aim to help companies preserve their existing investments , if they require , by integrating with any systems they may already have installed
iQuantum ’ s outlook for the future The Diversity market is moving from being driven by government mandates , to one where it is an integral part of company strategy . Mehta believes that iQuantum is , “ in the early stages of realising the full potential of this market .”
She says : “ For ESG , this is truly a nascent but swiftly developing market .
Companies simply don ' t have a good way of assessing their GHG footprint , and we are one of the few solutions that can help them achieve this . We see considerable promise in helping companies assess their environmental footprint .”
In the Source-to-Pay space , iQuantum ’ s customer conversations have proved that legacy procurement providers are not only unable to meet today ' s modern business requirements , but also have yesterday ' s UX . Mehta says : “ We are solving this problem .”
82 February 2023