ignio Cognitive Procurement
par Digitate
A Virtual Procurement Analyst to monitor, detect and predict corrective actions
ignio Cognitive Procurement continuously monitors the Source-to-Pay process and market to proactively identify opportunities to save money, mitigate supplier risk, and improve data quality and compliance blending enterprise and third-party data. Our vision is to provide every organization the ability to Explore its procurement behavior using data and identify where to focus its efforts, Monitor live transactions to detect and predict problems needing human attention, and Intercept such transactions through corrective and preventive actions.
As Chief Procurement Officer, Global Business Owners, Sourcing Directors, Procurement or Category Managers you face challenges in adapting to procurement behavior in the face of constant change resulting in spend leakage, higher processing cost and compliance issues against organizational policies. The solution can sit atop Microsoft Dynamics 365 or other e-procurement systems consuming raw transaction data to generate cognitive insights.
With ignio Cognitive Procurement you can continuously monitor expenses across transaction systems opening opportunity to intercept transactions to be able to:
- Optimize spend
- Assess supplier reliability
- Optimize category management
- Reduce process bottlenecks
- Verify requests, purchases, and invoices
- Improve data quality
ignio Cognitive Procurement is designed to:
- Explore the procurement behavior of an organization on-demand and surface observations using a set of features packaged under a module called 'Exploration Center'. Features include - Price Variance Analysis, Exception Analysis, Spend Analysis, Delay Analysis, Duplicate Analysis, Supplier Analysis and Category Analysis.
- Monitor and Intercept various problems in near real-time at different stages in the S2P using a set of features packaged under a module called 'Command Center'. Features include - Real-time Continuous Monitoring of Purchase Requests, Purchase Orders and Invoices
- Information from within and outside the enterprise can be viewed under ‘Information Centre’. The “Reports Module” within this section which can be used to generate canned reports on-demand.
