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Getting Started: Custom Analytics

This guide covers the basics of how to get started using the Custom Analytics module in Ignite.

Updated this week

The Custom Analytics module in Ignite let you create, organize, and analyze your data visually — all in one place. Dashboards store your widgets and analytics, while Collections help you group related dashboards for easier access and navigation.

This article explains how to create new dashboards and collections, apply and manage filters, explore interactive data widgets within dashboards, and make use of Ignite’s built-in analytics dashboards like Savings Opportunities, Potential, and Risk.

⚠️ Note: User interface has changed since the release of this video, but the main concepts in video are still applicable.


Dashboards and Collections

You can find the features by clicking on Custom analytics in the left side menu.

How to Create a New Dashboard

Dashboards are where your different widgets and custom analyses will be stored.

In order to create a new dashboard, you will first have to click the + symbol to the right of "Home dashboard". Clicking that will allow you to create a new dashboard or a collection.

If you chose to create a dashboard, you will have the option to create a new dashboard using our dashboard library, or an empty one.

If you choose to create one using the library, you can choose between different dashboards already filled with widgets that you can use for your analytics. Should you rather want to start out blank, you can choose the empty dashboard.

How to Use Collections

Collections are used to organize your dashboards, and work as a "folder" your dashboards go into.

Note that you will get a collection titled "Other" when you create a dashboard for the first time. This collection is used to group for all dashboards who have not been assigned a collection.

In order to create a new collection, you will first have to click the + symbol to the right of "Home dashboard". Clicking that will allow you to create a new dashboard or a collection.

In the create collection interface you will have to find a fitting name for your collection, and optionally add any dashboards you deem fit for the collection.

How to set your Home Dashboard

Your Home Dashboard is the dashboard you will view each time you enter the Dashboards pages. You can also access it by clicking on Home Dashboard in the Dashboard Menu.

You can change your home dashboard by clicking on the three dots in the dashboard menu, and then clicking "Set as home dashboard". Until you set your own home dashboard, your home dashboard will be the first dashboard created by any user in your Ignite workspace.

💡Tip: If you are unsure about which dashboard to set as your home dashboard, you can always select this later, once you find the right dashboard for you!


Filters

To narrow down the data you are shown on a dashboard, filters are what you need.

How to Filter a Dashboard

By filtering a dashboard, you can limit the amount of data shown in the widgets. Through this, you can narrow down the analysis to e.g. Only include a certain suppliers or departments data.

To filter your dashboard, press the + Filter button at the top of your dashboard. To add more filters, simply repeat the same process. If you want to remove your filters, press the X on the right side of the filter.

💡Tip: Got many filters on, and want to remove them all in one click? Press the reset button below "+ New Analysis".

How to Pin a Filter to a Dashboard

Do you want a filter to stay anchored to your dashboard, so it doesn't get removed between sessions? You can do that by pinning them to the dashboard. To pin a filter, click the thumbtack icon to the left of any filter you have applied.


Pinned filters have a dark grey thumbtack icon beside them. Clicking the thumbtack icon again again will unpin and remove them.

💡Tip: If you are going to use a dashboard in a presentation, pin the filters you'll need before the meeting.

How to Favourite a Filter

For the filters you use often, favouriting them can save you a lot of time. To favourite a filter, open up the filter menu, and click the star icon to the right of the filter. To remove it from favourites, click the star icon again.

Your favorite filters will show up in the top of the filter menu.

Favourite filters are only saved for your personal view, so the filters you favourite will not be favorited for any other users.

Quick-Applying Filters

To instantly apply filters to your dashboard, you can CTRL+Click data within a widget. This will apply any filters connected to that specific data field, e.g. Transaction date and Category.

In order to reset your filters, press the reset arrow to the right of the two 💾 icons in a widget.


Drilling Down into Data/Interactive Widgets

Drilling down on widgets allows you to explore data at deeper levels by splitting it on different fields.

Split on Supplier and Other Columns

You can split data in your graphs on any of your other data fields. By doing this you can get one level deeper into your data, and gain increased insight quickly.

To do this, left-click any data field in your widgets and choose "Split data on X" or "Split selected data on ... ".

As seen in the example above, when I split the category "Raw materials" on Supplier name, the widget shows the suppliers whose part of the Raw Materials category.

Showing Data and Data Export

To show the data connected to a data field, you can left-click the field and choose "Show data".

Doing so will bring up the show data interface. Using the buttons in the top right, you can choose to filter or download this data. Use the left button for filtering, and the right one for downloading.

If you're searching through the data, remember that you can use "Search in data" and "Show/hide columns" to narrow down the amount of results and amount of columns displayed.


Ignite Analytics Dashboards

The Ignite Analytics collection contains three pre-defined dashboards: Savings Opportunities, Potential, and Risk. These dashboards help identify negotiation opportunities, assess supplier relationships, and analyze financial risks across your supplier base.

Savings Opportunities Dashboard

The first of the three dashboards, titled "Savings opportunities" includes our Ignite Matrix. This graph shows all your suppliers along with their most important financial data. In addition to this, it also shows you the spend you have with them and the share of wallet.

You can use this data as an indication of any suppliers that you are in a prime position to negotiate with.

Risk and Potential Analysis dashboards

In the "Potential" and "Risk" dashboards you will find the two tables explained in the sub-sections below.

Potential analysis dashboard

The potential rating gives you an indication of your bargaining power towards your suppliers, and helps you identify suppliers with most savings potential.

The rating is automatically calculated for your suppliers and is an average score based on the following four criteria:

  • Spend growth by CAGR (Compound Annual Growth Rate)

  • Share of wallet (i.e. your share of the supplier's revenues)

  • EBIT margin (i.e. supplier profitability)

  • Return on capital employed (ROCE) (i.e. supplier profitability ratio)

The 4 parameters are weighted equally (25 %) when all parameters are available, and we use the latest available supplier financials from our partner Valu8 for the applicable criteria.

The rating ranges from 0 to 100, where a higher score indicates a stronger renegotiation possibility and savings potential.

Risk analysis dashboard

The risk rating gives an indication of bankruptcy risk for your suppliers, and helps you identify risky suppliers and mitigate risk.

The rating is automatically calculated for your suppliers and is an average score based on the following three criterias;

  • Liquidity (by using the supplier's current ratio)

  • Solidity (by using the supplier's equity ratio)

  • Return on capital employed (ROCE) (i.e. supplier profitability)

The 3 parameters are weighted equally (33 %) when all parameters are available, and we use the latest available supplier financials from Valu8 for the applicable criterias.

The rating ranges from 0 to 100, where a higher score indicates an increased risk of bankruptcy.

⚠️ Note: For the suppliers we are unable to enrich with full financial data, the ratings are not precise.

Note: You have to be logged in to the Ignite platform to view most of the other articles

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