"Same supplier. Four ERPs. Three different prices. Nobody on our team had the full picture until Marquis."
Procurement IQ gives your purchasing team a single, clean view of all supplier spend across every ERP and site. Built on enriched master data, it surfaces PPV, terms compliance, and pricing drift before they become problems you find in an audit.
The procurement problem
Each ERP created its own vendor record. "ACME Corp," "Acme Corporation," "ACME CORP INC." are all the same supplier. You're managing twelve relationships that are actually one, and you have no idea what you're paying in total.
PPV isn't reported until month-end, if at all. By the time purchasing knows prices drifted, thousands of invoices have already processed at the wrong rate. The supplier knew. Your team found out in a reconciliation meeting.
Your contracts say 30-day net. Your actual days-to-pay average 14. You're funding your suppliers' working capital at zero return. Early payment discounts are being left uncaptured. Your payment behavior is perfectly predictable to anyone watching the data.
Enrich Supplier
Before you can analyze spend, you need clean data. Procurement IQ starts with your raw ERP supplier records, groups duplicates across every site and system, and enriches the unified record with third-party attributes.
The result is a single golden record for each supplier that carries the spend history from every ERP, the contract terms from every site, and the attributes your team needs to evaluate performance, compliance, and risk.
Enrich Item
When each site names parts differently, you can't identify like-items across divisions, measure substitution risk, or negotiate with suppliers on consolidated volume. Enrich Item gives every part a common taxonomy.
Mapped to UNSPSC commodity codes, your item master becomes a strategic tool. Buyers can see what the same part costs at different sites, identify preferred vendors by category, and negotiate with accurate volume data across the portfolio.
For PE operating partners managing a family of businesses, item taxonomy is the foundation for rationalizing supplier lists, consolidating purchases, and capturing the category spend that no single ERP can see on its own.
See item master capabilitiesPurchase Price Variance
PPV measures the difference between the price on your purchase order and the price on the invoice. Procurement IQ calculates it at the line level, then rolls it up by buyer, supplier, item, and category. Unfavorable variances are visible the moment invoices process, not 30 days later.
When a supplier ships at a price that wasn't agreed, purchasing knows immediately. The exception surfaces in the Daily Pulse and feeds into the supplier scorecard. Over time, the trend line tells you which supplier relationships need a direct conversation.
Terms Rationalization
Payment terms are a cash flow lever most procurement teams leave on the table. Procurement IQ tracks actual days-to-pay against negotiated terms for every supplier and flags the gaps before they compound.
Paying early erodes your cash position. Paying late damages supplier relationships and invites fees or pricing retaliation. The right answer is precision: pay on terms, not ahead of them, and capture every early payment discount that actually makes economic sense.
Procurement IQ also tracks on-time delivery against PO due dates, PO acknowledgment rates, and invoice compliance. The complete supplier scorecard is one click from the supplier record.
See terms compliance by supplierMarquis IQ has been a mindset shift — we can now leverage clean supplier data strategically and deploy sourcing initiatives like never before.
Built on the Marquis IQ Platform
Procurement IQ is an add-on module. It runs on top of your existing Marquis IQ subscription, sharing the same ERP connections, supplier master data, and item records already in the system.
Pricing IQ shows where margin is won or lost on the sell side. Procurement IQ shows the cost side. Together they give finance and operations a complete view of gross margin: what you're charging, what you're paying, and where the gap is moving.
Supplier lead time performance and on-time delivery data from Procurement IQ feeds directly into Inventory IQ's safety stock and replenishment signals. Consistently late suppliers trigger the appropriate buffer adjustments automatically.
Every unfavorable PPV spike, terms breach, and supplier compliance flag flows into the Daily Pulse. Buyers start each day knowing exactly where action is needed, without running a single report or building a single query.
See Procurement IQ running on real AP data in a live environment. Bring your largest supplier relationships and your most recent invoice file. We'll run PPV and terms compliance live.
No commitment. We'll tell you honestly if Procurement IQ fits your situation.