Ignite Procurement - Vendor Analysis (Part 1)
Last updated May 9, 2022 - 1 min read
- Table of Content
Ignite Procurement was recently under Spend Matters' two-part PRO Vendor Analysis and deep dive on vendor analysis lens this year.
Spend Matters: As procurement organizations mature, they make more data-driven decisions. That's why analytics is becoming more necessary for procurement organizations to get a handle on their spend. More and more organizations are realizing this, but few organizations have the experienced data analysts or scientists or the maturity to use a sophisticated analysis tool.
Hence the recent boom in analytics (and AI) start-ups to help the average organization — which may not even have a modern sourcing or procurement platform — get started on their analytical journey.
Ignite Procurement makes it easy for any organization to get up and running quickly with an AI-enabled procurement solution that can integrate with any existing system and handle billions in spend. The tool is particularly helpful for companies just getting started with procurement analytics, as it requires no coding or special skills to use.
Plus, it's already doing quite well in its category of Spend Analytics’ Nimble solutions on Spend Matters' SolutionMap for such a new market entrant.
You can read more about the vendor analysis of Ignite Procurement on Spend Matters: Ignite Procurement - Vendor Analysis (Part 1) - Solution Overview, Strengths/Weaknesses, Tech Selection Tips