Initiative Management for effective impact capture

Track your savings and reduction initiatives from idea to execution - and drive more realized savings and financial transparency.

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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 and sustainability performance tracking process

Easy as 1, 2, 3

Initiatives creation

Progress follow-up and collaboration

Reporting, analytics and insights

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.

Each year since we took Sievo savings tooling into use, we have been able to exceed the savings targets we set for ourselves at the beginning of the year. I personally attribute a lot of this achievement to the Sievo solution enabling us to drive savings initiatives into realization.

Procurement Director from a Manufacturing company

See the value of transparent and collaborative savings tracking

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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Mads Mortensen
Project Manager, Group Supply Chain & Procurement, ISS

Learn more from our customers

Mars

"We had a lot of PowerPoint and Excel spreadsheets flying around the world. This was hugely draining and distracting us from actually going after the value. We needed to put in one streamlined, simple and globally connected process for planning our savings pipeline and proactively managing it."
- Sam de Frates, Global VP Commercial Performance, Capabilities & Services, Mars

Case Study

Carlsberg Group

Carlsberg, the leading global brewer, has worked with Sievo for almost a decade. Starting with savings tracking, our collaboration now includes Spend Analysis and Spend Forecasting to support Carlsberg Group’s international portfolio of beer and other beverage brands with a wide use of procurement analytics across supply chain, finance and procurement.

Case Study