Contracted spend plays a big role in driving savings and managing supplier risk. Having formal contracts in place usually means better terms, improved quality, and greater control over spend. But many companies struggle to get a clear view of their contracts and how they link to spend data.
By connecting these two, you can easily spot gaps in contract coverage and see where you're working with suppliers without formal agreements. Ignite makes this process smoother by integrating your spend and contract data, helping you boost contract coverage and get more value from your procurement.
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