Initiative Management for effective impact capture
Track your savings and reduction initiatives from idea to execution - and drive more realized savings and financial transparency.
Drive procurement value realization to achieve bottom-line impact
- Act immediately on the automated opportunities sourced from your procurement data
- Accelerate savings delivery with effective communication and collaboration tools
- Discover untapped savings opportunities and reach your procurement goals
- Ensure alignment between procurement, finance and other key stakeholders – complete visibility to the financial impact of savings projects
Savings tracking
Initiative Management enables powerful savings forecasting, tracking, and project management capabilities for procurement teams. Designed to minimize your time spent on adjusting savings estimates, getting timely approvals, and reporting on global procurement performance. We help you free up time for strategic procurement focus. Your savings tracking is integrated with your spend data to facilitate automated data input and realized data based savings tracking in relation to spend baselines. With the ease of use and education provided by Sievo Academy, you can get started conveniently and fast, to ensure a high degree of user adoption from day one.
Sustainability tracking
Procurement mandate and diversity of impact is now wider than ever. With Sievo, procurement teams can also drive initiatives that don't have direct financial impact, such as sustainability and supply chain carbon reduction. Integration with the Sievo CO2 Analytics enables seamless flow from analyzing your Scope 3 emissions to acting upon the most lucrative reduction opportunities, all the way to realized impact reporting, all in one place. Flexible and downloadable reports allow for transparent emissions and emissions reduction communication internally and externally.
Realized savings
Remove guesswork by measuring realized savings. Progress throughout savings projects is easily captured based on actual spend and reported in the intuitive and intelligent dashboards. Our powerful procurement analytics tools give you an up-to-date visibility to your savings realization with full details. Sievo's SavingsBridge™ aligns procurement with standard financial practices, using finance-friendly terminology. It isolates non-controllable factors, such as FX and market index development, uncovering true procurement performance and bottom line impact.
“The primary way that Sievo has enabled us to grow is the transparency - so actually having visibility on how you spend your money and how you do your savings tracking. The other, and more untangible, way is how you up the dialogue with your suppliers by having better knowledge internally.”
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