for Public Sector

The public sector is the largest business enterprise in any jurisdiction. Provincial and municipal governments, universities, and school boards all manage projects of all types and sizes and employ a large number of contractors. Recognizing that the public sector generally uses large-scale ERP systems, iQommerce is built to plug in wherever it makes the most sense for the client. The primary focus of iQommerce is to surround vendor invoice submissions, approval routing, and import/export functionality with existing document management and accounting systems.

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55

%

Average budget spend on
outside supplies and services

35

Min

Average time spent on
processing a single invoice manually

5

Min

Average time spent on processing
a single invoice with automation

Discover How iQommerce Enterprise AP
Works for Public Sector

Lowers AP Invoice Processing Costs

iQommerce reduces the resources required to process invoices.
Increased invoice accuracy Increases productivity dramatically.
Real-time transaction data capture reduces invoice cycle times and makes early payment discounts possible.
iQ's flexible data management model allows for data to be easily moved to a variety of endpoints including ERPs, accounting systems, inventory systems and reporting engines.

iQ is an Intuitive, Easy-to-Use Platform

Thoughtfully designed user workflows and a modern, mobile-optimized user experience are the basis of the iQommerce platform.
iQ's intuitive user experience simplifies even the most complicated tasks.
Customizable user dashboards and task notifications maximize invoice processing efficiency.

iQ Equitably Distributes the Cost of AP Invoice Processing with Vendors

Because our vendor Software-as-a-Service (SaaS) platform provides valuable invoice automation tools and resources for vendors, iQ Enterprise AP clients benefit from the use of a common data set (ie. a vendor receivable invoice is identical to a buyer's payable invoice).
Our universal platform strategy connects Enterprise AP clients and their vendors within a single network.
By reducing the invoice cycle time, iQ Enterprise AP clients are able to pay their vendors faster and take advantage of any early payment discounts offered.

iQ Captures Real-Time Worksite Transaction Data

iQ is mobile optimized to capture real-time, point-of-sale transaction data from the worksite.
iQommerce utilizes a proprietary worksite activity record that is used to generate invoices and supporting documentation for every transaction.
iQ's built-in project cost tracking features allow users to make data-driven decisions utilizing the most current information.

iQ helps Public Entities to be accountable and measure improvements

Complete history of all user collaboration with time and date stamps.
Measure and track cost efficiencies and improvements.
Tie purchase orders directly to quotations and RFP's.
Track costs in real time and manage overruns.
Turn quotations and RFP's into smart vendor contracts.

iQ Allows the Creation and Administration of Smart Projects

Tie projects to municipal addresses and other physical locations.
Track project costs in real time.
Automated approval routing for AP invoices.
Export project financial information directly into the ERP system used.
Store all project financial documents in a single place.

iQ Allows Buyers to Create and Administer Smart Vendor Contracts

Vendors limited to using pre-approved project pricing and pricelists.
Fixed pricing simplifies Invoice approvals to verification of quantities.
Convert quotes and RFP responses directly into smart contracts.
Requires extras and change orders to be approved and added to project pricing.

iQ Reduces Onboarding Costs and Eliminates Vendor Support Costs

Our Software-as-a-Service (SaaS) vendor platform provides a comprehensive self-service onboarding solution, requiring minimal intervention from AP Enterprise clients.
All support costs are included in the vendor's SaaS subscription.
iQ has solutions for every vendor regardless of their technical capabilities and has plans tailored to their needs.
Unlike other enterprise AP solutions, iQ provides an end-to-end invoice automation solution for the vendor. Vendors can create invoices directly from field data, store and track their transaction documents, and seamlessly push this data into their own accounting systems or ERPs.

iQ Empowers your Team to Make Data-Driven Decisions

Real-time, accurate data capturing capabilities are the key to making smart, data-driven business decisions. iQ has the most up-to-date and accuracy-driven data strategy on the market today.
iQ's unlimited permission-based access allows all project team members and stakeholders to access critical transaction information that is essential in supporting data-driven decisions.
Data management tools built-in to the iQommerce platform, provide a variety of ways to analyze critical project transactional data.

iQ Enables your Remote Workforce

The iQommerce platform is mobile optimized to be used on any device.
Invoice automation allows for a completely touchless and germ-free paperless process.
Your project teams are connected regardless of their geographic location.
Unlimited permission-based access allows all stakeholders to collectively participate in the vendor invoice workflow.

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How Can iQ Work for You?

Whether your focus is Finance, Accounting, Project Management, Operations or IT, iQommerce has something for you.

Interested in what iQommerce has to offer?
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