Spend Analytics
Get a comprehensive and up-to-date overview of your purchasing. Harmonize, classify, and analyze your spend to manage spend, simplify reporting, and drive efficiency.
Why Ignite?
Quickly work with and navigate through your spend data, integrating it seamlessly into your daily operations.
Combine different data sources, apply data logic, and create consistent, verifiable data pipelines to address any issues effectively and create one source of truth.
Our tool allows for extensive flexibility, enabling you to combine different data sources, and to classify and visualize data.
Easily harness valuable insights for reporting and tracking to save time and money. Reveal areas for improvement and opportunities with our out-of-the-box insights.
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“Building a custom solution in-house would have required a significant investment in terms of both people and money.
With Ignite, we get a team counting more than 60 people continuously developing and maintaining the solution”
“We are astonished by the speed of implementation of the solution and the support provided by the Ignite Procurement team. We now have the numbers we can trust on our fingertips to make our reporting efficient, insightful and our decision-making powerful and data driven.”
Customer success story
How procurement innovation saved this construction major hundreds of hours monthly, allowing it to focus on its core mission of driving sustainability and compliance.
Veidekke’s procurement was decentralized, where data was stored in different systems, often in various formats and spread over many procurement centers.
While good for flexibility, it also made it challenging for Veidekke to keep track of what and where they were spending and how it contributed to their overall goals. There was little to no transparency on the organization's spend and procurement operations.
Veidekke needed a solution to manage all this to save time and money while improving efficiency and collaboration between different departments. See how they used Ignite to achieve this.
Learn more about Spend Analytics
Read our guide to learn how to gain visibility into your procurement data.
You'll get insights on how to gain control over it quickly and use it to identify saving opportunities, risks, and ways to improve your procurement team's efficiency.
Spend analysis or spend analytics, is the practice of reviewing historical spend data to gain actionable insights, reduce costs, increase efficiency or improve supplier relationships. The methodology includes the process of collecting, cleansing, classifying (or categorizing), and analyzing the spend in your organization.
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Our goal is to empower responsible decision-making by giving you the insights and tools you need to unlock the potential of your supply chain.
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