Ignite Procurement: Vendor Analysis — Spend analytics, supplier management and carbon accounting solution overview, roadmap, competitors, tech selection tips, analyst summary

In this Spend Matters PRO Vendor Analysis, we provide an overview of Ignite Procurement and its solution for spend analytics, supplier management and carbon accounting.

We originally covered Ignite Procurement in 2020 only two years after it launched its product. Despite being a young product, it was already doing well in Spend Matters SolutionMap and showcased an impressive amount of supplemental products around its core spend analytics offering, including contract management, task tracking, savings tracking and supplier assessments.

Here’s why Ignite Procurement matters:

• To the market — While Ignite specializes in spend and supplier analytics, its supplemental offerings (especially its carbon accounting module) make the solution competitive in additional spaces.
• To customers — Europe-based companies looking for a blend of supplier and spend analytics, including risk associated with carbon accounting, would benefit from using Ignite.
• To potential buyers — Ignite allows a user to take a very granular look into their spend, including controlling cube construction and creating custom widgets — a level of analysis not always available to the end user in other solutions.

This Spend Matters PRO Vendor Analysis explains what differentiates this vendor, gives an overview of its capabilities and competitors, provides tech selection tips and closes with key analyst takeaways.