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Measuring savings in fact-based, financially aligned and non-disputable way
- Collect complete spend from your ERPs in a financially aligned manner using Sievo Data Extractor
- Complement ERP-data with supplier data through Web Upload Service for key categories
- Enrich your source data with cost structures, market prices, proxies, baselines for new items, approved vendor data and others in Sievo
- Configure the measurement approach to meet specifics of your organization
- Cover all spend (with and without POs) with different measurement approaches
- Ensure compliance by comparing spend data with approved vendors by category and country
Sievo uses general ledger booking data to calculate procurement performance in a way that finance can recognize, audit and agree to. Yet we do this in way that all numbers can be viewed from sourcing category perspective, ensuring relevance for procurement.
Ensure supplier adoption and contract compliance
With Sievo you can monitor supplier and price compliance to ensure successful roll-out of sourcing strategy.
Cloud with global access
Sievo’s cloud solution can be accessed anywhere in the world with a mere web browser. Highly effective infrastructure ensures that you can view both global dashboards and invoice-level details in a matter of seconds.
Automated isolation of spend development drivers
Sievo offers the tools and mathematical algorithms to automatically isolate drivers of spend development (volume, currency, market, performance).
Tap into market data
Understanding true procurement contribution requires tapping into market data, whether from your own sources or through Sievo partners.
Works also for non-PO spend
Measuring savings for recurring items with material numbers will not cover all of the spend. Sievo features a proxy-based measurement approach to cover non-PO spend areas for financial measurement. Alternatively, you can also collect supplier data for detailed measurement.
Why stop at Procurement Controlling? Go beyond:
Turn your heterogeneous source data into categorized spend data and tangible opportunities
Translate Spend Analysis into savings opportunities, execute savings projects and track savings contribution
Leverage spend data for creating a forward looking view on price, spend, volumes and profitability