“I can't think of a better ROI than AIQ in 8x8's history.”
Kevin KrausSenior Vice Presedent, Finance at 8x8
“We utilized AIQ to assist us in a vendor review of existing vendors, as well as a consolidation of vendors following an acquisition. AIQ was very knowledgeable on market based pricing expectations, analyzing vendor and procurement risks, as well as terms and conditions to mitigate risks. We completed the project with very favorable results and improvements both on pricing and terms with our vendors. The AIQ team was professional, responsive and a pleasure to do business with!”
Andrew EllisChief Financial Officer at Command Alkon
“The result of this effort has been a $10M savings, which has really gotten the attention of everyone and helped the company redeploy capital in a way that makes it an ever better company with a higher performing product.”
Larry OeffingerSr. Director, Cloud Production at Dynatrace
“AIQ helped Imperva produce high 7 figure annual savings. In addition, AIQ’s work funded a completely redundant regional network that previously wasn’t in our budget.”
Jim DildineCFO at Imperva
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Meet Some of Our Clients
AuctionIQ (AIQ) has helped thousands of companies cut costs and streamline their business. Including more than 50% of Fortune 500 companies,
What AIQ Does
AIQ increases your profitability by saving money.
This enables you to return investment to shareholders and create budget for further investment in the business.
AIQ analyzes all of your non-employee vendor expenses, then predicts and delivers hard dollar savings made available by applying its unique business process developed over 30+ years.
How AIQ Does It
AIQ reviews your financial data, then identifies categories where it may be effective in providing savings within a 5% range. AIQ then reviews your contracts and invoices and compares that information to its market data. AIQ then provides a savings estimate to within ½ of 1% accuracy along with actionable data that you then use to select the categories you want AIQ to work on.
Then AIQ applies its business process, analytics and decision support to deliver hard dollar savings.
What You Get Out of It
AIQ provides a fully managed process. In connection with the process, you provide access to data and make decisions. AIQ provides the rest. The result is fully audited implemented contracts between you and your suppliers that match the financial results predicted at the beginning of the process. Last year, AIQ clients saved an average of 44.6% on their expenses which were included in AIQ’s scope of work. This typically results in 100’s of thousands of dollars of savings for its smallest clients, and $3-5M in savings for its typical clients, of course, the largest companies save much more.