Manage Savings Collaboratively with Finance
Gap between procurement and finance?
Do you have a different perspective on savings than your colleagues in finance? Do they use different terminology or do you find it difficult to find a common language?
Find out how you can align key stakeholders in our most popular guidebook with over 10,000 readers “Procurement Loves Finance.”
Looking for more transparency on your savings pipeline?
Many procurement organizations welcome transparency, but lack the tools and processes to track savings programs from idea to approval.
Find out how you can manage a savings pipeline efficiently from individual projects all the way up to savings project portfolios shared by global procurement organizations.
Do savings hit the bottom line?
Even leading procurement organizations may find it hard to align procurement savings to financial statements. Are you looking for a way to remove the guesswork?
See how you can realize savings and prove procurement contribution in a way finance can trust.
Make procurement's financial contribution measurable, transparent and robust.
Start by creating a common language between procurement and finance.
Effective communication is key to any relationship. When the terminology and objectives used by procurement and finance are not aligned, communications breakdowns can occur.
At Sievo we created the concept of the SavingsBridge™ to align procurement’s performance to standard financial practices recognized by finance in the language used by finance.
SavingsBridge™ aligns terminologies and isolates non-controllable drivers from procurement performance. This opens the path to impacting bottom line performance and a clear and transparent focus on improving profitability.
Choose one tool for managing and controlling all savings projects on a global basis.
Sievo’s Savings Program Management helps in collecting all your savings ideas across the organization, managing the savings initiatives from idea to completion and tracking savings performance in real-time and on a global basis.
It is a workflow tool that supports your business process, making sure that all the initiatives are implemented with jointly agreed principles and follow the steps of a collaborative approval process.
Measure savings’ impact on the bottom line easily and reliably.
With Sievo’s Realized Savings Measurement you remove the guesswork.
Progress throughout savings projects is easily captured based on actual spend and reported in intuitive and intelligent dashboards. Powerful analytics gives up-to-date visibility to your savings realization with full details when needed.
Procurement and finance work together towards the same set of targets, have one shared version of the facts and figures to discuss on, and the ability to deliver results in efficient and transparent way.
Leading procurement teams choose Sievo
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.
Chr. Hansen Group
Sievo was involved when Chr. Hansen, a bioscience company, was executing a transformation project in its procurement organization. Sievo provided visibility to all purchasing spend and prices, and ensured that the savings created hit the bottom line, which then resonated with the finance function and built trust and alignment with key stakeholders.
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.
Mads Mortensen, Project Manager, Group Supply Chain & Procurement, ISS
Ready to see more of Sievo Savings Lifecycle?
SAVINGS LIFECYCLE WEBINAR ON-DEMAND
Hear Product Manager Tuomas Kähärä discuss savings lifecycle solutions with Head of Business Development Petteri Stein.
Prove Procurement Contribution to Finance
Find out how you can use SavingsBridge™ to connect procurement savings to financial goals and measurement.
Spend Matters Technology Review
See what the leading procurement industry analysts have to say about Sievo in a de-tailed 3-part technology review.