AIQ To Showcase Procurement-As-A-Service At AFP Annual Conference

Company will explain how rebidding and renegotiating enterprise technology contracts increases operating capital and grows enterprise value

AIQ, a leading technology-enabled cost management and profitability improvement company backed by Copley Equity Partners, announced it will sponsor the 2024 Association for Financial Professionals Annual Conference (AFP 2024). The event takes place October 20-23, 2024, at the Music City Center in Nashville, Tennessee. AIQ will be exhibiting at booth 2134, where it will demonstrate its proven methodology of reducing technology expenses through reverse auctions and outsourced procurement services. In twenty years of operations, AIQ's clients have enjoyed an average reduction in their technology expenses of over 44 percent.

"This conference is particularly timely, taking place at the height of planning season for Finance and FP&A professionals, who are actively looking for successful strategies to find capital for funding growth strategies and improve their overall financial performance," said Blake Wetzel, chief executive officer of AIQ. "Finding economic efficiencies in technology budgets is a proven strategy for enterprises to improve the bottom line. Our research shows that businesses are paying 79 percent more for technology than market conditions warrant. Harvesting that capital through reverse auctions using our patented techniques can increase enterprise value, fund projects, or avoid budget cuts and layoffs."

Headquartered in Salt Lake City, AIQ provides end-to-end technology vendor assessment, procurement, and negotiation services to mid-sized and large enterprises around the world. AIQ handles all facets of the procurement process, including vendor identification and vetting, reverse auctions, direct negotiations, finalizing terms and conditions, and delivery of ready-to-execute contracts. Through AIQ's proprietary "procurement-as-a-service" process, clients enjoy supplier savings of 44 percent, on average. AIQ clients typically use the funds harvested from these procurement services to bolster enterprise value and improve their cash positions without having to reduce headcount, slash budgets, or secure external funding.

For more information, visit www.aiq.co.

For more information about the AFP 2024 annual conference, visit https://conference.afponline.org.