DIRECT MATERIALS BUDGETING & FORECASTING
Maximize savings and reduce risk with clear forecasts
Automate your forecasting process for greater speed, accuracy and detail. Identify cost drivers, anticipate market changes, and act quickly to optimize spend.
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Reduce forecasting cycle time even by 80%
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Use agile forecasting to secure more profitable procurement outcomes
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Achieve ongoing visibility into your financial outlook
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Eliminate manual, error-prone work with automated scenario generation and analytics
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Empower your team to get answers to critical business questions with intuitive self-service tools
Drive procurement performance & accountability
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Set clear budget baselines and execute agile forecast iterations to keep track of performance at all times
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Automatically track your key KPIs and distinguish the drivers of variance
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Make better decisions and take preventive action to ensure profitability
Collaborate with Finance for aligned business goals
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Break down data silos and foster true collaboration by ensuring both Procurement and Finance work from a single, trusted data foundation
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Build trust between teams with full transparancy thanks to Sievo’s built-in accountability features
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Close the communication gap between departments by providing procurement results in finance-ready formats
Ground budgets & forecasts in a reliable data foundation with high-quality analytics and clean data, without placing demands on IT or other resources
Enrich your forecasts by combining internal procurement data with third-party and peer-benchmark data for enhanced visiblity and efficiency
Gain full visibility into both historical and future spend and their variance
Before Sievo, everybody questioned the data. It was a lot of finger pointing. Now, with the traceability back to our ERP systems, there is a lot more credibility to what we do. It's really been helpful to see a connection to what we present and tracing it right back to the material. We just have better data now to make decisions.
Christopher Smolyn Global Finance Partner at Becton Dickinson
We needed a tool that we could use cross-functionally, so it would serve the purpose of meeting the business needs, but also be fluent, dynamic, and where we could get into more value-added analysis versus just the number-crunching. Sievo helped us realize those goals with their Spend Forecasting solution.
Michelle Palmquist Senior Finance Director, Global Procurement & Contract Manufacturing at Kellogg’s
Index-based price forecasting with custom and buil-in indexes
Variance analysis between budgets, forecasts, and actuals for proactive performance measurement
Built-in scenario modeling capabilities tailored for procurement
Built-in accountability features, like automatic change log, and customizable features to support audit trail and validation
