Helsinki, May 15, 2025 — Sievo, the global leader in procurement analytics, proudly announces the launch of its Community Data product. This solution harnesses the power of anonymized, aggregated cross-customer data at an unprecedented scale—equivalent to over 2% of global GDP—offering data-based benchmarks and intel that enable novel insights and cutting-edge data cleansing services to help you maximize your savings and optimize your procurement performance.
Sievo’s Community Data product addresses one of the most pressing challenges for procurement professionals: securing the best possible terms with suppliers. Community Data empowers decision-makers to identify and capture value that would otherwise remain hidden by unlocking peer-based benchmarks and transaction-driven intelligence.
Community payment terms benchmarks allow users to benchmark their payment terms performance against peers across 130+ supplier countries and 130+ Level 4 categories, based on the last 12 months of actuals.
Gain supplier-specific payment term recommendations and AI-powered insights to identify working capital improvement potential.
Coming in 2025: See material and category price indexes, enabling benchmarking for price development and uncovering renegotiation opportunities.
To experience Community Data, try our interactive demo:
Sievo’s Community Data gives procurement leaders access to over 11 billion transaction rows processed each year, mapping more than 100 million suppliers and over 9.5 million material codes. This represents spend data equivalent to more than 2% of global GDP.
Sievo Community Data tracks price developments through material and category price indexes, uncovering savings hidden within complex, non-commodity categories, and spotlighting renegotiation or supplier-switch opportunities that would otherwise go unnoticed. This visibility extends to supplier discovery, enabling organizations to identify alternative, transaction-validated suppliers within the Sievo community, opening new sourcing channels based on geography or category with full confidence in supplier reliability.
Underlying this intelligence is Sievo’s approach to data quality and cleansing. Proprietary algorithms, trained on trillions in spend, ensure best-in-class classification, supplier normalization, and material harmonization, with accuracy levels three times higher than other models. Sievo’s supplier parenting algorithms also provide real-time insights into supplier mergers, acquisitions, and changes, so procurement teams operate with current and precise supplier information.
All benchmarks and datasets are derived from cleansed, validated, and fully anonymized data, with strict aggregation requirements to prevent any possibility of identifying individual customers. Every benchmark is built on data pooled from multiple companies, guaranteeing both the reliability of the insights and the confidentiality that is critical for enterprise procurement.
With Sievo Community Data, procurement teams can fuel their analytics with peer-based benchmarks and unique data-driven insights—transforming negotiation preparation, supplier management, and savings identification.
To see Sievo Community Data in action and discover how it can unlock new savings and optimize procurement performance, visit sievo.com/products/community-data or contact your Sievo account representative.
Sievo provides actionable procurement analytics based on data you can trust. Designed for large enterprises with $1B+ in revenue, loved by global companies featuring Mars, Levi’s, and Deutsche Telekom, and praised by key analysts, we provide a future-proof solution with immediate ROI. We empower Procurement, Finance, IT, and Sustainability teams to overcome their data chaos and capture all insights, drive bottom-line savings, improve ESG performance, and streamline budgeting and forecasting. Sievo goes beyond world-class analytics and dashboards. We help our customers close the data-to-action gap with reliable insights, recommendations, and benchmarks by combining internal, third-party, and cross-customer data. By processing spend data equivalent to 2% of the world's GDP annually, we enable fast, informed decision-making and deliver the industry's highest data quality with end-to-end data accountability. We call it procurement excellence - but you can call it Sievo.
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Media Contact:
Aino Häkkinen,
VP of Marketing