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ignio Cognitive Procurement

Self-service, AI-powered analytics for procurement

Meet all your procurement needs, despite market changes, by leveraging timely insights, recommendations, and automated actions.

Request a Demo
Get Product Sheet

An AI-based spend intelligence product for sourcing and procurement teams

You can continuously analyze and monitor enterprise procurement activities against third-party data to proactively highlight ways to save money and mitigate risk.

CAPABILITIES

Augmenting procurement teams

Optimizing spend
Assessing supplier reliability
Optimizing category management
Reducing process bottlenecks
Verifying requests, purchases, and invoices
Improving data quality
Optimizing spend

Optimizing spend

Analyzes spend distribution and purchase price variance daily to identify spend optimization opportunities.

Assessing supplier reliability

Assessing supplier reliability

Assesses and scores supplier reliability at a category level daily based on multiple performance parameters and current market intelligence.

Optimizing category management

Optimizing category management

Analyzes all procurement done for a category alongside market trends daily with out-of-box recommendations on improving sourcing decisions.

Reducing process bottlenecks

Reducing process bottlenecks

Ability to reduce process bottlenecks at various stages in the procure-to-pay process by mining and tracking patterns that have driven them historically.

Verifying requests, purchases, and invoices

Verifying requests, purchases, and invoices

Verifies live requests, purchases, and invoices using a catalog of controls to proactively detect and resolve anomalies that could drive spend leakage, business disruptions, and policy non-compliance.

Improving data quality

Improving data quality

Improves upstream data quality while processing purchase requests to avoid downstream issues typically faced during reconciliations, payments, and spend analysis.

Optimizing spend

Optimizing spend

Analyzes spend distribution and purchase price variance daily to identify spend optimization opportunities.

Assessing supplier reliability

Assessing supplier reliability

Assesses and scores supplier reliability at a category level daily based on multiple performance parameters and current market intelligence.

Optimizing category management

Optimizing category management

Analyzes all procurement done for a category alongside market trends daily with out-of-box recommendations on improving sourcing decisions.

Reducing process bottlenecks

Reducing process bottlenecks

Ability to reduce process bottlenecks at various stages in the procure-to-pay process by mining and tracking patterns that have driven them historically.

Verifying requests, purchases, and invoices

Verifying requests, purchases, and invoices

Verifies live requests, purchases, and invoices using a catalog of controls to proactively detect and resolve anomalies that could drive spend leakage, business disruptions, and policy non-compliance.

Improving data quality

Improving data quality

Improves upstream data quality while processing purchase requests to avoid downstream issues typically faced during reconciliations, payments, and spend analysis.

HIGHLIGHTS

Self-service is a wonderful feeling

Embark on a journey with ignioâ„¢ Cognitive Procurement where insights find you when and where they matter, rather than chasing others for data.

Always on

Get relevant notifications, insights, and recommendations automatically without having to run any analysis.

Blends enterprise and third-party data

Appreciate the convenience of insights automatically generated by overlaying information from multiple sources on your enterprise data.

Recommends and executes actions

Go beyond just charts and graphs. Take advantage of machine–generated recommendations and actions to improve your efficiency and output. 

BENEFITS

Improve the effectiveness of procurement

Mitigate risks

Keep tabs on potential risks associated with your suppliers and categories to make better tactical and strategic decisions. 

Save money

Identify immediate and long-term savings opportunities by continuously monitoring and analyzing spend for purchase price fluctuations, sub-optimal supplier arrangements, and non-compliant requisitions. 

Save time

Focus on what matters by letting technology take care of time-consuming activities like spend analysis, supplier assessments, market research, transaction verifications, and data quality fixes. 

CASE STUDY

Lesser risk of penalties from suppliers by predicting invoice fallouts for a pharmaceutical company

A pharmaceutical company was struggling with invoice clearance issues that were causing substantial delays and creating a high risk of penalties for noncompliance with payment policies. Also, the blocked invoices needed additional manual investigation, which threatened to drive up operational costs and threaten the budget disruptions. ignio Cognitive Procurement discovered hidden patterns that drove the exceptions creating high invoice backlogs. It also identified delayed vendor payments and predicted actionable insights.

Learn More
Case Study

Reduce the risk of penalties from suppliers by predicting invoice fallouts

Case Study

Improve non-compliance detection and uncover spend leakage

Case Study

Achieve procurement excellence and spend optimization through AI/ML-powered

Case Study

Optimize spending, reduce price variance, and halt spend leakage

View All Case Study
RESOURCES

Accelerate your digital transformation with intelligent automation.

ignioâ„¢ AIOps is an AI-driven software that combines enterprise IT context, insights, and automated actions to deliver resilient, agile, and autonomous IT operations across hybrid environments while eliminating repetitive manual processes.

White papers and e-books

De-risking procurement by digitalizing spend monitoring

Product sheet

ignio Cognitive Procurement

Media Coverage

Article in CIO.com
Article in Wall Street Journal (WSJ)
Article by Coruzant Technologies

Empower your procurement teams with AI-augmented spending insights.

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Santa Clara, CA 95054 USA

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Products

ignio AIOps

Redefining IT Operations with AI and Automation

  • ignio Observe
  • ignio CloudOps

ignio AI.Workload Management

Enabling Predictable, Agile and Silent Batch Operations in a Closed-loop solution

ignio AI.ERPOps

End-to-end automation for incidents and service requests in SAP

ignio AI.Digital Workspace

Autonomously Detect, Triage and Remediate Endpoint issues

​ignio Cognitive Procurement

AI-based analytics to improve Procure-to-Pay effectiveness

ignio AI.Assurance

Transform software testing and speed up software release cycles

Solutions

Business Health Monitoring

Proactively Monitor Retail and eCommerce Health to deliver optimal customer experiences

IDoc Management for SAP

Monitor, Prioritize and Resolve IDoc issues to ensure business continuit

Digitate for Retail

Streamline daily retail readiness with AI and Automation

IT Event Management

Prevent outages with Predictive Intelligence and Autonomous Event Management

Business SLA Prediction

Never miss a business SLA with AI-powered monitoring and predictions

Resources

Analyst Reports

Discover what the top industry analysts have to say about Digitate

Blogs

Explore Insights on Intelligent Automation from Digitate experts

ROI

Get Insights from the Forrester Total Economic Impactâ„¢ study on Digitate ignio

Case Studies

Learn how Digitate ignio helped transform the Walgreens Boots Alliance

Trust Center

Digitate policies on security, privacy, and licensing

e-Books

Digitate ignioâ„¢ eBooks Provide Insights into Intelligent Automation

Infographics

Discover the Capabilities of ignio™’s AI Solutions

White Papers and POV

Discover ignio White papers and Point of view library

Webinars & Events

Explore our upcoming and recorded webinars & events

About Us

Leadership

We’re committed to helping enterprise companies realize autonomous operations

Newsroom

Explore the Latest News and information about Digitate

Partners

Grow your business with our Elevate Partner Program

Academy

Evolve your skills and get certified

Contact Us

Get in Touch or Request a Demo

Request a Demo
Products

ignio AIOps

Redefining IT Operations with AI and Automation

  • ignio Observe
  • ignio CloudOps

ignio AI.Workload Management

Enabling Predictable, Agile and Silent Batch Operations in a Closed-loop solution

ignio AI.ERPOps

End-to-end automation for incidents and service requests in SAP

ignio AI.Digital Workspace

Autonomously Detect, Triage and Remediate Endpoint issues

​ignio Cognitive Procurement

AI-based analytics to improve Procure-to-Pay effectiveness

ignio AI.Assurance

Transform software testing and speed up software release cycles

Solutions

Business Health Monitoring

Proactively Monitor Retail and eCommerce Health to deliver optimal customer experiences

IDoc Management for SAP

Monitor, Prioritize and Resolve IDoc issues to ensure business continuit

Digitate for Retail

Streamline daily retail readiness with AI and Automation

IT Event Management

Prevent outages with Predictive Intelligence and Autonomous Event Management

Business SLA Prediction

Never miss a business SLA with AI-powered monitoring and predictions

Resources

Analyst Reports

Discover what the top industry analysts have to say about Digitate

Blogs

Explore Insights on Intelligent Automation from Digitate experts

ROI

Get Insights from the Forrester Total Economic Impactâ„¢ study on Digitate ignio

Case Studies

Learn how Digitate ignio helped transform the Walgreens Boots Alliance

Trust Center

Digitate policies on security, privacy, and licensing

e-Books

Digitate ignioâ„¢ eBooks Provide Insights into Intelligent Automation

Infographics

Discover the Capabilities of ignio™’s AI Solutions

White Papers and POV

Discover ignio White papers and Point of view library

Webinars & Events

Explore our upcoming and recorded webinars & events

About Us

Leadership

We’re committed to helping enterprise companies realize autonomous operations

Newsroom

Explore the Latest News and information about Digitate

Partners

Grow your business with our Elevate Partner Program

Academy

Evolve your skills and get certified

Contact Us

Get in Touch or Request a Demo

Request a Demo
 

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