Self-service, AI-powered analytics for procurement
Meet all your procurement needs, despite market changes, by leveraging timely insights, recommendations, and automated actions.
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.
Augmenting procurement teams
Optimizing spend
Analyzes spend distribution and purchase price variance daily to identify spend optimization opportunities.
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
Analyzes all procurement done for a category alongside market trends daily with out-of-box recommendations on improving sourcing decisions.
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
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
Improves upstream data quality while processing purchase requests to avoid downstream issues typically faced during reconciliations, payments, and spend analysis.
Optimizing spend
Analyzes spend distribution and purchase price variance daily to identify spend optimization opportunities.
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
Analyzes all procurement done for a category alongside market trends daily with out-of-box recommendations on improving sourcing decisions.
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
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
Improves upstream data quality while processing purchase requests to avoid downstream issues typically faced during reconciliations, payments, and spend analysis.
Self-service is a wonderful feeling
Embark on a journey with ignio™ 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.
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.
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.
Accelerate your digital transformation with intelligent automation.
ignio™ 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.
Empower your procurement teams with AI-augmented spending insights.
