Drive procurement performance through integrated financial planning
Align your financial targets with strategic initiatives and streamline cross-functional collaboration to ensure continuous visibility into your future outlook.
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Start your planning with a trusted budget foundation
Free your team from the manual, time-consuming work of data gathering and cleansing, so they can focus on higher-value activities like analysis and decision-making.- Automate manual data gathering: Automatically fetch historical actuals, prices, and volumes from data lakes and other procurement systems
- Overcome data chaos: Leverage AI-powered cleansing and classification to eliminate manual errors and inconsistent data
- Establish a single source of truth: Create a unified spend baseline for your next budget cycle that both Finance and Procurement trust
Achieve profitability with agile, collaborative forecasting
Move from static annual budgets to integrated planning with rolling forecasts that adapt to market volatility in real-time.- Automate market intelligence: Generate price forecasts using market indexes and raw material cost structures
- Track Purchase Price Variance (PPV): Monitor the difference between budgeted and actual purchase prices to stay on top of cost performance
- Collaborate across functions: Manage expert input from category managers and finance teams within a single, controlled workflow
Sync your savings pipeline with financial projections
Ensure your budget reflects your actual procurement strategy by linking savings projects directly to your forecast.
- Sync strategy with reality: Incorporate planned and realized savings and project impacts directly into your financial outlook
- Dynamic impact tracking: Instantly see how changes in initiative target prices, timelines, or statuses affect your future spend
- Bridge the functional gap: Ensure procurement actions are visible in financial projections to eliminate duplicate work and planning silos
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Prepare for uncertainty and mitigate risks
Stay ahead of market volatility by stress-testing your budget against real-world scenarios.- Model market disruptions: Simulate the impact of raw material price spikes, currency fluctuations, or volume changes on your future COGS.
- Compare scenarios side by side: Evaluate Best Case, Worst Case, and Most Likely outcomes to make informed, proactive decisions.
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Before Sievo, everybody questioned the data. It was a lot of finger pointing. Now, with the traceability back to our ERP systems, there is a lot more credibility to what we do. It's really been helpful to see a connection to what we present and tracing it right back to the material. We just have better data now to make decisions."
Christopher Smolyn
Global Finance Partner at Becton Dickinson
We needed a tool that we could use cross-functionally, so it would serve the purpose of meeting the business needs, but also be fluent, dynamic, and where we could get into more value-added analysis versus just the number-crunching. Sievo helped us realize those goals with their Spend Forecasting solution.
Michelle Palmquist
Senior Finance Director, Global Procurement & Contract Manufacturing at Kellogg’s
