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Capture all savings opportunities effortlessly with Spend Analytics

Gain 63x ROI with actionable insights based on data you can trust.

Capture opportunities without the manual work

Get the Spend Analytics one-pager to see how data, insights, and action come together to drive procurement forward.

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Don't be the only one missing out on saving millions 

In-house tools are failing large enterprises, preventing them from achieving cost savings and ensuring supply. Switch to a specialized spend analytics solution and gain millions of dollars in savings opportunities and process efficiencies.

Generate average of $20M savings for every $1B analyzed

 

Get all necessary data, insights, and actions in Sievo Spend Analytics and reach your targets while ensuring a sustainable, resilient, and diverse supply.

Go from complex landscapes to seamless data integrations

Sievo processes 2+% global GDP annually, handling over 100x more data than the average global enterprise. Our end-to-end data accountability helps you overcome your data chaos regardless of its quality, complexity, or location.

Automated data extractions

Without any manual work for you, Sievo extracts the data automatically from all your ERPs, data lakes, and procurement systems.

Especially ideal if you have a complex procurement landscape and large data sets.

 

Clean & reliable data

Sievo enables a single source of truth for everyone, regardless of your data quality.

Besides cleansing, translations, and many more, we can even de-duplicate 6-23% of your materials for more savings opportunities.

Seamless data enrichment

Sievo enriches your internal data with all the third-party data sources you need plus Sievo’s cross-customer Community Data.

Make decisions with sufficient information that includes cross-customer insights, recommendations, and benchmarks.

The industry's highest classification quality

Sievo guarantees the highest classification quality, regardless of your taxonomy customizations. Our AI-powered classification brings validated learnings from our cross-customer Community Data to your data. Spot a mistake? Simply re-classify in analytics.

SLA classification quality guarantee

Proactive supplier normalization

Sievo delivers accurate normalization results fast, by combining AI that learns from feedback, cross-customer Supplier Database, our expertise from 100M+ ERP suppliers mapped, and Dun & Bradstreet data. Receive validated updates proactively, such as M&As, without any effort.

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“

Sievo has accelerated our transformation, creating a different level of conversation within the organization. We are so much more proactive, leading them, and helping to take decisions. We have moved from the backseat to the driving seat.

Marie-Pierre Goyenetche Chief Procurement Officer at Opella (ex-Sanofi Consumer Healthcare)

“

We all know that in procurement, volume equals better contracts. Shortly after implementing Sievo, we achieved cost savings of 8% on core category and 11% on overall procurement spending.

Evert Karsen VP Global Procurement at Cimpress

“

Having visibility on our spend really helped us to formulate plans either to mitigate risks or create opportunities and leverage our strengths, with the ability to react quickly by having access to data and being able to visualize data, not having to rely on manual accumulation of information or spreadsheets that are a million miles long.

Darren McGrath Global Chief Procurement Officer at WernerCo

“

I can’t even believe how inefficient we would be if we had not implemented Sievo as a procurement analytics platform and, hereby, as a single point of truth a few years back. I get around 20 questions daily from our leadership about spend figures, now it takes me like 15 seconds to find the information.

Stephan Schulte Head of Procurement Steering & Analytics at Deutsche Telekom​

Sievo differentiates itself from the competition: a platform that is easy to use, 99% uptime guarantee, keeps promises, and provides great configurability.

Brian Robinson VP Strategic Sourcing, Elevate Textiles​

Cimpress is a decentralized company with many different units, each with their own ERP systems. Sievo was a way to enable spend visibility without disrupting the business. We're now able to see things cross-business, and to do much more than before in less than half of the time.

Jordi Rubiés Procurement Excellence Manager at Cimpress

Receive high-impact opportunities through personalized insights ​

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Save time with AI-powered insights you trust

  • Make decisions with confidence based on reliable data.
  • Generate on average $20M incremental savings per $1B analyzed with actionable and personalized insights that automate time-consuming analysis while digging deep across your entire data landscape.
  • Achieve more savings, reduce emissions or unlock other unexplored high-value opportunities like working capital improvements and tail spend. Learn more ↗️

Leverage Sievo's 20+ years of experience with best-practice dashboards co-developed with industry experts 

 

​Collections of Sievo spend dashboards

 

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Improve procurement agility with Sievo IQ

  • Designed to orchestrate procurement decisions with AI speed and human understanding, Sievo IQ lowers the barrier for advanced spend analytics. 
  • Identify cost-savings opportunities, assess supplier performance, and more in an instant.
  • Sievo IQ is not "another" AI chatbot or tool; it's a complete paradigm shift in how you interact with your procurement data.
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Get accurate data in the right formats

  • Empower your team with Sievo’s flexible, customizable analytics built on industry best practices, ensuring data is accurately delivered in all possible formats.
  • Sievo Self-service functionalities are suitable for every type of user and require no technical know-how to build their own dashboards and charts for reports.

Achieve more with automated actions ​

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Capture more savings with less effort

  • Substitute mundane and repetitive analytics tasks with AI-powered automation to capture savings, email suppliers, and more.
  • Free up time and share your findings with key stakeholders by turning the insight into a globally aligned initiative with a click of a button.
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Improve relevancy with each automated action

  • Designed to learn over time, Sievo Insights improves its personalization and relevancy based on users' actions.
  • Within each personalized Sievo Insight, automated actions are available, enabling you to take action based on the insight given. Simply flag, discard, or assign the Insight to others.

Unlock data-driven procurement excellence with Sievo

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Build trust with all stakeholders by making informed decisions

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Mitigate risks and ensure supply with the most suitable suppliers and terms

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Attain 63x ROI and a future-proof setup without burdening IT resources

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Assure high user adoption with easy-to-use products, user training and support

Reported by customers and validated by the Hackett Group, Sievo customers gain an average of
 
✓ $20M incremental savings per $1B analyzed

✓ 80% purchase cost reduction improvement

✓ $165k resource savings
 
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Tackle the growing procurement mandate with the full 360° view

Reap more opportunities that are hidden in your data and meet all your stakeholders’ requirements.
Simply scale your Sievo Spend Analytics with the analytics solutions your company needs.

CO2 emissions

Lead your company to Net Zero with precise data and actionable emission reduction insights.

Diversity Analytics

Streamline compliance and inclusive sourcing with visibility into diverse vs. non-diverse suppliers.

Contract Analytics

Ensure compliant purchasing while maximizing the value of each contract.

Benchmarking

Benchmark your price performance against market standards and increase your negotiation power.

Sustainability Analytics

Assess your suppliers’ sustainability scores, proactively address risks, and reach corporate CSR targets.

Initiative Management

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

Budgeting & Forecasting

Streamline your budgeting and forecasting through effective, agile planning and scenario simulations for Procurement & Finance.

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Ranked #1 Spend Analytics by Spend Matters, three times in a row

Sievo’s end-to-end data responsibility (extraction, cleansing, enrichment, harmonization, and classifications), software updates, maintenance, account support, certificates & onboarding materials are all included in Sievo’s subscription.

Read more here

See how the CPO of Sanofi moved their function from the backseat to the driving seat

Frequently Asked Questions (FAQs)

How does Sievo Spend Analytics work?

Spend Analytics consolidates spend data from various sources, including ERPs and procurement systems. The platform processes this data by cleansing, classifying, and enriching it, and then presents the results in dashboards. This provides a unified view of spend data for procurement, finance, and leadership teams.

How does Sievo manage data across multiple ERP systems?

Sievo integrates with any number of ERP systems, procurement platforms, and data lakes. Its architecture is designed to operate in heterogeneous IT environments, enabling the full extraction, harmonization, and transformation of data across disconnected sources.

 

How frequently is the data refreshed?

The data refresh frequency typically ranges from weekly to monthly, depending on the organization's needs. Sievo handles the full source-to-screen pipeline, including automated extraction, cleansing, enrichment, and classification. Classification models achieve up to 94% accuracy and 98% coverage, with user feedback mechanisms in place to refine their outputs.

Are dashboards and reports customizable?

Yes. In addition to out-of-the-box dashboards, users can create their own charts and graphs, save them to personal dashboards called Craftboards, and share them with colleagues.

How does Sievo handle different types of spend?

Sievo is industry-agnostic and can handle both direct and indirect spend. The platform is particularly effective for companies with heavy direct spend, as procurement's impact on the bottom line is significant, and the data (e.g., material numbers, SKUs) is often complex.

Can Sievo analyze spend at a granular level?

Yes. Sievo Spend Analytics can analyze spend data at a detailed level. The platform allows users to drill down into specific categories, suppliers, business units, and transactions. This enables organizations to examine spending patterns and trends at various levels of detail, depending on their analysis needs.

How can Spend Analytics help us achieve more savings?

Sievo Spend Analytics provides visibility into organizational spending, enabling the identification of areas with high expenditure, supplier performance management, contract compliance monitoring, and detection of non-compliant purchases. 

Procurement AI

Automate repetitive analytics and shift focus on strategic initiatives

Empower your procurement team to make better decisions, faster - with Sievo's powerful AI across all its solutions.

Learn more about Sievo AI

sievo insights

Elevate your procurement impact and 10x your value delivery

Get automatically surfaced recommendations from your entire spend landscape - from high-value opportunities to previously unexplored avenues like tail spend.

Learn more about Sievo Insights

Ready to save millions of dollars in opportunities & process efficiencies?


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