Unlock $20M average additional savings per $1B spend analyzed in Sievo
From AI-powered opportunity discovery to streamlined initiative execution and realized bottom-line savings, Sievo empowers your entire savings journey in one solution.
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Turn spend visibility into bottom-line savings
With increased data accuracy and improved spend visibility, Sievo helps enterprises identify and prioritize opportunities, and manage savings from idea to results.
Spot savings opportunities instantly - with no manual work
- Bring all your relevant data into one solution to optimize spend by consolidating and classifying all your procurement data in Sievo
- Eliminate manual analysis with AI-driven Insights or conversational analytics that recommend the right priorities to maximize your savings
- Connect your spend data with savings initiatives in a seamless workflow, to estimate potential and ensure consistent savings calculations across the organization
Manage the savings from idea, to execution and reporting
- Drive the savings opportunities from your spend data into initiatives with a single click
- Save millions with 50% faster impact and no required continuous use of IT or other resources with a dedicated procurement performance management solution
- Gain complete visibility and control over your savings pipeline, and track progress to understand how saving estimates have evolved during execution
Improve and measure your bottom-line impact
- Uncover true procurement performance and bottom-line impact of your savings initiatives, with unarguable numbers linked to spend data
- Automatically track savings against baselines, distinguishing controllable from non-controllable factors of your procurement performance
- Deliver global transparency and granularity on the true spend drivers in the organization
- Align Procurement and Finance using standard financial practices and finance-friendly terminology
Calculate your maximum savings potential with Sievo
Developed with the Hackett Group, Sievo’s ROI calculator is based on 6 savings levers:
- Category data improvement
- Material & supplier data improvement
- Best-in-class savings levers & Insights hub
- Automated actions & alignment
- Data & IT resource redeployment
- Resource efficiency savings & focus on value-adding actions
Fill out the form to find out how each lever can help you save costs and resources.
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Capture savings faster with procurement-focused AI
Unlike in-house tools where capabilities are generalized to fit the wider company’s needs, Sievo develops AI solutions with Procurement needs in focus. On top of that, our AI capabilities are trained on the 2%+ global GDP that we process annually to deliver better accuracy, deeper intelligence and greater impact at scale.
With Sievo, Barry-Wehmiller effectively enhances its savings by 20%.
Without Sievo, you won’t be able to pursue cost savings effectively. I believe you would lose at least half of your ability to implement those savings successfully.
Nicolas Detrych, Vice President, Global Commodity Leadership at Barry-Wehmiller
90% time saved & double-digit million savings. What used to be an hour of work, now takes five minutes. The gained visibility allowed us to increase its average payment terms by 7 days, generating double-digit million savings.
Angel Simeonov, Expert Procurement Excellence at MediaMarktSaturn
Doing more with less: 87% PO coverage, 43% reduction in Maverick Spend
Managing our entire analytical platform with just three people drastically reduced our operational overhead and showcases Sievo’s efficiency.
Dimas Surribas, Manager, Digital Procurement at Opella
From day one, Sievo was our single source of truth. Now, we like saying if it's not in Sievo, it doesn't exist.
Joshua Tuller, Director Procurement Reporting & Analytics at DSM-Firmenich
Check our how Franke managed to exceed their savings targets with Sievo
"Before, we were below the savings target; now we're so far above. It's not just about hitting the target, it's also knowing we have the right projects in place to get there."
Liviu Varzarus-
S2P Process and Technology Expert at Franke
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