It’s no good having contracts in place if they aren’t leveraged consistently across your organization. Is lack of contract coverage putting you at risk of rogues and mavericks?
With thousands of contracts and tens of thousands of pages of legal jargon, it’s easy to get lost in the details. How well can your team utilize contract information to negotiate better deals?
Do you know which renewals and renegotiations to focus on? Can you see risk positions in contracted spend? Can you spot trends and opportunities across your contract portfolio?
Sievo effortlessly integrates contract data from your ERP or Contract Lifecycle Management system. Consolidation of the contract suppliers and spend suppliers, alongside other connecting data points such as business units, ensure you can trust that the contracts are linked to spend data robustly. All of this is taken care of by Sievo for you.
After contract data is linked to spend, purpose-built dashboards are at your disposal to start extracting the value from Sievo contract compliance calculation.
Having our contracts linked to spend helps us do further analysis to make strategic plans.
Now, we can finally monitor contract coverage and supplier spend.
Mavericks and rogues beware, there is a new sheriff in town. Sievo gives Procurement the tools and insights to finally bring an end to uncontrolled spend.
Track contract coverage across each business unit or a specific category. Assign roles and owners to tackle contract coverage collaboratively.
Easily identify preferred suppliers in each category from supplier data in Sievo Spend Analytics and share best practices across different business units.
Close the loop on contract coverage with a streamlined contract approval workflow.
In contract management, the signature is just the start.
Manage contract portfolios strategically across their full life cycles by leveraging contract metadata across your full organization. Ensure that contract coverage is secured for months and years to come by getting full visibility to expired contracts and spend affected.
Use contract data to save time and effort by identifying which contracts and suppliers to prioritize in negotiations.
Gain new savings opportunities by aligning contract terms between same category suppliers and identify risk positions.
See the big picture by linking contracts to spend data.
Without Sievo and the visibility to spending our money, we would not be able to grow to the length of procurement and supply chain we've gone through. It's a firm supporter of continuous development within ISS, in sourcing and supply chain in particular.
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