Managing spend effectively requires clear visibility, yet many organizations struggle with fragmented data and limited insights. Without a comprehensive view, tracking spending trends and taking well-informed procurement decisions becomes challenging.
To meet these challenges, Ignite provides a total overview of your spend, helping you monitor its development over time and analyze spending by business units, categories, and suppliers. With key insights into where and how much you’re spending, you can make data-driven decisions to improve efficiency and drive more sustainable procurement practices.
📊 Gaining spend visibility
We break down the challenge of procurement visibility into two key aspects:
Understanding your total spend
To effectively manage procurement, you need a clear view of your total spend and how it evolves over time. Our total overview page provides insights into your spending trends, breaking them down by business units, categories, and suppliers. This allows you to track where your money is going, dig deeper, and identify key areas for improvement.
Answering key procurement questions
Making informed decisions requires access to key procurement insights. With table views that break down spend across various dimensions, you can quickly analyze and answer critical questions such as:
How much are we spending?Is our spend increasing or decreasing?
What exactly are we spending it on?
Whom are we spending the money with?
By bringing these insights into a single, easy-to-navigate interface, our Total overview feature empowers you to take control of your procurement strategy, improve efficiency, and drive smarter decision-making.
Are you interested in learning more about this?
Click the button below to learn about how to start using the feature!