IQ Software Services

IQ Software Services, trading as IQSS, builds finance operations monitoring for mid-market companies in India. Its work centres on checking vendor records and payments, so finance teams find compliance problems before an auditor does. The approach is not tied to any single ERP system.

What IQ Software Services does

• Diagnostic: a five-day assessment of accounts payable, the vendor master, month-end close, cash flow and reporting, ending in a vendor master health score and ranked findings.
• Vendor Master Intelligence: a build phase that sets up daily monitoring, including duplicate vendor detection and checks on vendor GST registration status.
• Duplicate Payment Detection: a module aimed at catching the same supplier being paid twice.
• AP Exception Intelligence: a module that flags unusual items in the payables process.
• Intelligence Retainer: continued monitoring after the first build is handed over.

Who it serves

The firm addresses CFOs and finance teams at Indian mid-market businesses. Its site names AO Smith, Cyient, Jubilant MotorWorks, Paragon Footwear and Kun Hyundai as deployments of its IQInvoice product.

Key facts

• Focus: India-specific rules such as MSME payment deadlines and GST registration lapses
• Approach: ERP-agnostic
• First build phase: about eight weeks