Data Management | Ignite Procurement

How Ignite solves your procurement data challenges

Scattered or dispersed data

Vs.

Seamless blending and integration across data sources to get a transparent, real-time visibility into your organization’s data so you can make the right decisions.

Bad or low quality data

Vs.

A tool to clean, enrich, and normalize data at blazing speed so that you can do regular and expansive analysis faster and more effectively.

Non-categorized/mis-classified data

Vs.

Automated or manual drag-and-drop features to classify and bring clarity to your spend, suppliers, and other items and give you a leg up when getting started.

Manual data processing

Vs.

An automated collection of data, cleaning, and conversion process that works non-stop to transform your data into digestible, useful information.

Spend management solution that helps you with raw, unreliable and inconsistent data scattered across different systems.

Raw customer data

Data that's raw, unreliable and inconsistent is scattered across different systems and hard to work with.

Spend management solution that consolidates, connects, maps, and cleans data to give you a transparent, global perspective on procurement.

Consolidate, connect and fill gaps

Ignite consolidates, connects, maps, and cleans this data to give you a transparent, global perspective on procurement.

Ignite provides your team with a view of your data that you can't get anywhere else. It helps you identify data gaps and fill them in as part of the data cleaning process, so you can achieve the additional perspective you need to make better decisions.

Enrich

Now that you have a clean view of your data, Ignite uses AI and enrichments from third parties to give you a proactive view of your spend and suppliers so that you can make the best decisions for your organization.

These enrichments let you access multi-dimensional supplier details, spot risky suppliers, track current and historical currency changes and get accurate commodity prices to strengthen your business.

Spend management solution that automatically categorizes and analyzes even the spend with low-quality free-text descriptions and uses Machine Learning algorithm to classify your spend.

Classify and standardize

Ignite also automatically categorizes and analyzes even the spend with low-quality free-text descriptions and uses Machine Learning algorithm to classify your spend into a global classification system, such as the UNSPSC.

Spend management solution that gives you the visibility and actionable intelligence you need.

Value

Congratulations! Your data is processed and interpreted, and is all set. You now have the visibility and actionable intelligence you need. Here, Ignite helps you realize not just actions and opportunities but actual savings and value within the solution.

We're ready to integrate tools you already have

Geared towards unlocking productivity and fitting your needs, Ignite supports various patterns to help you build any integrations at speed.

With Ignite, you can integrate your data by connecting to services that support APIs, connectors, or periodic functions (e.g. SFTP). Ingest data from both online and offline sources. This includes spend data, contracts, market data, supplier information, sales data, and enrichments through built-in external data sources.

Once the integration is completed, you are free to use Ignite’s open API to leverage and embed the data across your solutions and systems, such as your intranet.

Learn more: Data integrations

High quality and enriched data, made possible

Collecting data is only half the job. The true value and edge lie in turning it into real value.

Forget about the data flaws you manually have to correct. Ignite’s intelligent data transformation and processing algorithms enable you to detect, correct and normalize inaccurate data, such as supplier normalization, to ascertain the data consistency and quality your business needs.

Learn more: Data cleaning & enrichment

Spend management software that has intelligent data transformation and processing algorithms which enable you to detect, correct and normalize inaccurate data.

The confidence of reliable spend data, made available

Data not used is data wasted. Bid adieu to labor-intensive data classification and categorizations that lack accuracy and prevent millions of dollars from getting under the procurement lens.

Ignite classifies spend and allows you to manually drag-and-drop categories as you prefer. While slimming down the data classification process, Ignite lets you go granular and create custom hierarchies and taxonomies such as addressable vs. non-addressable spend and more.

This allows you to get structured, categorized, consolidated procurement data standards and identify cross-group synergies that only a few companies are able to.

Spend management software that has AI-driven engine for automatic classification of spend and allows you to manually drag-and-drop categories as you prefer.

Some other benefits of using Ignite Data Management

360 Degree view of data

Ignite makes it easier to bring data together, so you can see the whole picture. Using Ignite, you can get a 360-degree view of your data—and manage and update that information, too. You can do this across all the systems you use, or combine datasets in one central location.

Better spend control and uniformity

Using Ignite's machine learning algorithms you can automatically tag your spend with standard codes (keywords and UNSPSC) that will glue throughout your organization. You can build tailored taxonomies and use translation API to classify more categories and make better decisions.

Secure data

Our cloud data management doesn’t stop at being secure, confidential, and reliable. Ignite gives you peace of mind with features that ensure your data is encrypted and secure at all times.

Data for all

A solution to enthuse people about how data can help them. Folks of any skill level can use Ignite to uncover insights existing across all their data sources. You can easily invite or deny permissions and manage users based on their roles.

The power of community

We've developed a way to use the collective intelligence of the Ignite community, an anonymous dataset of our members' spend and other data, to help members identify cost savings, improve efficiencies, and so on.

Continuous support and world-class service

Designed to make your lives easier, Ignite’s relentless customer support and battle-proven methodology does all the heavy lifting so you can focus less on data and more on actions.

Hear what your data has to say

Meet a solution that humanizes your data while keeping things simple for you