Drive savings efficiently and improve bottom-line impact

Sievo Initiative Management is a procurement performance management solution that helps your team plan, execute, and track procurement initiatives from the first idea all the way to realized savings - with full visibility, financial alignment, and zero reliance on spreadsheets.

Whether you're managing cost reduction, cost avoidance, sustainability goals, or supplier innovation programs, Initiative Management gives you one globally harmonized platform to drive results and prove procurement's impact .

Sievo Initiative Management is built for procurement teams who are:

• Struggling to identify valuable savings opportunities - no data-driven way to surface where the biggest procurement levers are, leading to missed value and reactive decision-making

• Losing savings in the pipeline - initiatives are identified but never fully executed or tracked to realization

• Wasting time on manual reporting - reconciling spreadsheets, chasing status updates, running meetings just to know pipeline status

• Struggling to align with Finance - procurement and finance use different savings definitions and methodologies, creating credibility gaps

• Missing non-financial goals - needing to track CO2 reduction, sustainability, or risk mitigation programs alongside cost savings

• Lacking global visibility - fragmented regional tracking with no consolidated savings pipeline

Initial setup of Initiative Management is completed within days, and full onboarding typically takes just a few weeks - with no extensive IT involvement required. Sievo takes end-to-end accountability for implementation and data management.

If you use Sievo Spend Analytics, Initiative Management integrates natively. AI-powered Insights surface high-value opportunities directly - and you can convert any insight into a tracked initiative with a single click, pre-populated with spend data, category, and estimated savings potential. No manual re-entry. No data gaps.

Alternatively, Initiative Management includes a Mass Import feature that allows you to bulk-load your existing initiatives using a system-generated Excel template - so you are not starting from a blank slate. The template supports all three levels of the Initiative Management structure: initiatives, activities, and value lines.

Initiative Management is designed to handle your complete initiative portfolio, including:

• Cost reduction (negotiation, supplier transfer, redesign-to-cost)

• Cost avoidance

• Working capital improvement (e.g., payment terms optimization)

• Sustainability & CO2 reduction (emissions targets, decarbonization programs)

• Supplier innovation and collaboration initiatives

Multiple layouts, activity types, and approval conditions can be configured to suit different initiative types and sizes.

Yes, this is a core design principle of Sievo Initiative Management. The flexible value model library with a formula builder allows your team to pre-agree on calculation methodologies with Finance, configure them once, and apply them consistently across all initiatives. This eliminates the "dual spreadsheet" problem that causes credibility gaps at reporting time.

Yes. Initiative Management features no-code configuration UIs that empower designated super users to:

• Customize initiative, activity, and value line layouts

• Create and modify workflows and approval stages

• Define value models and savings calculation formulas

• Manage user roles and permissions

• Mass-edit savings data at scale

Yes. Initiative Management offers both pre-built dashboards based on procurement best practices and fully self-service reporting - allowing you to create custom views tailored to your organization's stakeholders, KPIs, and reporting rhythms.

• Initiative Management is built to give procurement the financial credibility to present savings with confidence:

• Savings tied to Finance-agreed calculation methodologies

• Realized savings tracked automatically against baselines (with Spend Analytics integration)

• Clear separation of controllable vs. non-controllable savings factors (price negotiation vs. volume, market, FX)

• Audit trails through every approval stage for full accountability

No. Initiative Management also works as a standalone solution for organizations that want to manage and track their initiatives and savings pipeline independently. However, the combination of Spend Analytics + Initiative Management unlocks additional value: automated opportunity identification, one-click initiative creation from AI Insights, and automated Realized Savings measurement.

Yes. Initiative Management is purpose-built to support the full scope of modern procurement's mandate. Non-financial initiative types are fully supported, including:

• CO2 and emissions reduction targets

• Sustainability initiatives

• Supplier innovation and collaboration initiatives

When connected to Spend Analytics, Initiative Management enables action on surfaced decarbonization insights, converting them into tracked initiatives.

Unlimited, there is no per-seat licensing. Your entire procurement organization - category managers, regional leads, Finance approvers, leadership - can have full access without additional cost. This drives adoption and cross-functional collaboration, turning initiatives into realized savings.

Yes. All customers have access to Sievo Academy - a self-service learning platform with guided tutorials, best practice courses, and certifications to ensure your team gets maximum value from Initiative Management quickly.

"If anybody needs to know what our savings pipeline is, they can simply log into Sievo. We no longer need to reconcile spreadsheets and run meetings upon meetings to know how we are performing."

— Sam de Frates, Global VP Commercial Performance, Capabilities & Services, Mars

"Before, we were below the savings target; now we're so far above. It's not just about hitting the target, it's also knowing we have the right projects in place to get there."

— Liviu Varzarus, S2P Process and Technology Expert, Franke