Ignite

Ignite is a leading platform for procurement and supplier intelligence, designed to transform complex, siloed data into actionable insights. It serves as a digital clone of your company's procurement ecosystem, unifying data from various sources like ERPs into a single, reliable source of truth. This allows procurement and sustainability teams to gain complete control, uncover hidden opportunities, and focus on initiatives that drive real impact. Unlike traditional software that can take months to implement, Ignite promises significant results, including 100% spend visibility and 5-10% identified potential savings, within just 30 days.

How to use Ignite

Ignite's implementation is structured for rapid value delivery. The process typically follows a 30-day plan:

1. Day 1 - Get Started: The initial phase involves harmonizing and consolidating all procurement data from different ERPs and data sources. The platform validates the data for accuracy and helps you define your unique procurement taxonomy.
2. Day 14 - Gain Visibility: Within two weeks, you can begin onboarding new suppliers, adding contracts, and conducting internal and external due diligence assessments. The platform's insights will help you identify priority areas and start launching strategic initiatives.
3. Day 30 - See Results: By the end of the first month, you achieve 100% spend visibility across all suppliers and categories. The AI identifies significant potential savings and delivers up to 80% efficiency gains by automating manual tasks. You can then use the platform to track the progress and impact of your cost-saving, compliance, and risk mitigation initiatives.

Core Features of Ignite

• Unified Data Hub: Consolidates and classifies all your spend and supplier data from disparate systems into one centralized hub, eliminating data silos and creating a single source of truth.
• AI-Powered Cost Savings: Leverages AI to analyze spend, contract status, and supplier profitability to identify hidden cost-saving opportunities. It provides actionable negotiation strategies and benchmarks payment terms to improve working capital.
• Comprehensive Supplier Management: Offers tools for supplier onboarding, 360-degree supplier profiles, and risk screening. It helps you manage compliance and conduct due diligence assessments efficiently.
• Advanced ESG & Carbon Accounting: Calculates Scope 1, 2, and 3 carbon emissions using a database of over 30,000 science-based emission factors. It generates auditable reports for CSRD & ESRS and helps ensure compliance with regulations like the Norwegian Transparency Act.
• Initiative Tracking and Reporting: Allows you to turn insights into measurable initiatives. You can assign owners, track progress with detailed activity logs, and compare actual results against estimated savings to demonstrate impact.
• Customizable Dashboards and Analytics: Provides a library of pre-built dashboards and the ability to create custom dashboards for deep-dive analysis into categories, projects, and business units.

Use Cases for Ignite

Ignite is trusted by hundreds of teams across various industries, including construction, manufacturing, shipping, and retail.

• Strategic Spend Analysis: Companies like Stena Metall use Ignite to gain full control over spend, moving from static reports to dynamic, real-time data analysis for better strategic decision-making.
• Cost Reduction and Efficiency: Havila, a complex offshore and shipping group, utilizes Ignite to analyze data from thousands of suppliers, identify cost-saving opportunities, and boost efficiency by over 80%.
• Supplier Risk and Compliance Management: The platform is instrumental in helping companies comply with regulations like the Norwegian Transparency Act, making the due diligence process quick and easy.
• Sustainable Procurement and ESG Reporting: Companies like Hurtigruten and Ferd leverage Ignite to calculate their Scope 3 emissions, gain valuable insights into their supply chain's environmental impact, and advance their ESG journey.

Advantages of Ignite

Ignite stands out from other solutions by offering a unified, intelligent, and fast-to-implement platform.

• Speed to Value: Achieve tangible results and full visibility in just 30 days, a fraction of the time required by traditional procurement software.
• Unified Intelligence: Integrates procurement and sustainability data, providing a holistic view that breaks down organizational silos and fosters collaboration.
• Actionable AI Insights: Goes beyond simple data visualization by providing concrete, AI-driven recommendations for cost savings and risk mitigation.
• Enhanced Efficiency: Automates the drudgery of data consolidation and analysis, freeing up teams to focus on strategic activities like defining strategies and making data-driven decisions.

Pricing and Plans

Ignite offers tailored plans to fit different organizational needs. Pricing is available upon request by booking a demo.

• Standard: Includes data management and classification, AI-powered cost reduction opportunities, contract overview, supplier onboarding, and social risk assessments.
• Advanced: Contains all Standard features, plus Scope 1, 2, & 3 carbon accounting, auditable carbon reporting, and access to a comprehensive database of emission factors.
• Enterprise: Designed for large-scale implementations, this plan includes all Advanced features plus custom-made dashboards, support for multiple data sources, and management of complex supplier bases (>5,000 suppliers).