iQuantum provides an end-to-end, enterprise eProcurement and reporting platform that is highly customized to the needs of the business with a fast time-to-value. While most eProcurement platforms allow configurability and even customization at an industry level, iQuantum provides deep customization based on the customer's defined business rules. This level of customization and flexibility enables the customer to realize greater supplier efficiency and economies of scale by applying machine learning to spend optimization, and supplier selection and performance, while meeting evolving business needs. Deep capabilities in spend management with diversity spend, contract management and compliance, supplier risk and performance, and partner integration enable the creation of an entire supplier ecosystem built around the demanding and changing needs of the customer's business environment. iQuantum Contracts supports full contract lifecycle management, including matter management. It eliminates discontinuity between contract agreements and performance by tracking from various procurement sourcing processes (e.g., project-based tracking, RFx, etc.) through contracts, purchase order generation, invoicing, and payment. Support of open APIs enables integration with a wide variety of enterprise applications. Quantum Contracts creates contracts from a sourcing project or uses highly customizable templates that provide global visibility and standardization. Use templates and its comprehensive workflows to manage contract renewals, pricing, and terminations.