Cost reduction
Identify cost-saving opportunities with AI.
Make data-backed decisions to reduce costs, mitigate financial risks, and achieve your goals. Using AI, Ignite helps you identify exactly where you can save, so you can take action fast.
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Trusted by hundreds of procurement & sustainability teams
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Ignite capabilities
Unlock cost-saving opportunities
Leverage AI to find hidden savings, optimize payment terms, and reduce financial risk. Ignite makes it easy to identify areas where you can have the greatest impact.
Tap into saving opportunities with AI-powered insights
Ignite evaluates your suppliers based on critical factors such as spend growth, contract status, profitability, and leverage. Using AI and industry expertise, we pinpoint where your strongest saving opportunities lie and how much you can save, so you can take action.
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Get actionable negotiation strategies
Arm yourself with an action plan. For every savings opportunity, get tailored recommendations — from recommending alternative suppliers to highlighting negotiation leverage — to help increase your margins.
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Optimize payment terms to boost working capital
Get full visibility into your payment terms across your company. Benchmark terms by region and category, and quickly identify suppliers whose terms can be improved.
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Reduce financial risks from suppliers
Automatically assess and minimize the financial risks suppliers have on your supply chain. Get a risk analysis to ensure you’re working with financially secure suppliers.
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Hear from our customers
See how Ignite helps companies achieve their goals
"As a conglomerate with thousands of suppliers and ESG criteria in our purview, we needed a solution to collect and analyze our data to identify which suppliers stood out.
Ignite gave us the xapability to easily collect analyze data from all of our suppliers to quickly identify which ones meet our criteria."
Ignite gave us the xapability to easily collect analyze data from all of our suppliers to quickly identify which ones meet our criteria."
"We chose Ignite because the platform provides us with a great overview and rich analytics capabilities, as well as having all data collected in one place - which is the best starting point for actionable analyses and covering all emission categories."
"We chose Ignite to help us efficiently collect data and get an understanding of where we stand with our emissions. We need to know our material impacts to build decarbonization plans and set science-based targets."
“Ignite stops the drudgery of maintaining and updating complex data sets. It lets us focus on what we do best - discovering areas for improvement, defining strategies and making data driven decisions. Ignite has helped us meet our compliance obligations, emission-reduction goals, and has dramatically boosted our productivity.”
Customer success story
How Stena Metall gained full control of spend with Ignite
Discover how Stena Metall used Ignite to gain full control over spend, improve contract compliance, and drive strategic decision-making across the organization.
Stena Metall
Founded in 1939, Stena Metall grew from a local scrap dealer in Gothenburg, Sweden, into a global leader in the circular economy.
With operations in 9 countries, over 4,300 employees, and a wide range of offerings that span resource management, recycling, steel production, and more, managing procurement on such a large scale brought several challenges.
The company relied on a static database for managing spend. This made it difficult to dive deep into their data and connect it with other key areas, like contracts, supplier assessments, and financial information.
Learn how Stena Metall brought their data together to make it easier to manage and act on with Ignite.
Read their story
"We no longer have to sift through static reports. Ignite dynamically displays updated spend data tailored to each situation. Whether we’re preparing for a supplier evaluation or managing a category, Ignite helps us find and display the data in a way that drives better results.”
From our blog
Resources
Learn about sustainable procurement best practices.
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