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Managing savings from ideas to approved savings
Managing savings projects from idea to approved savings requires the right set of tools, as provided by Sievo’s Savings Program Management:
- Idea are captured easily so that opportunities to save money or create value are not lost
- Support for idea approval to ensure that right ideas are translated to projects and the other ones parked for future implementation or canceled as appropriate
- Designed for both for small local and large global projects. Hierarchical structure ensures that projects impacting multiple businesses/locations can be managed in granular fashion. Attachments can be used to capture full details of ongoing projects. In-built financial recognition patterns provide maximum financial accuracy with minimal data input
- Integrated workflow easily gains approval from stakeholders, ensuring early alignment and creating savings that are not questionable. Workflow is tightly integrated with role-based user management and a full audit trail is maintained for all changes and approvals
- Functionality to manage project execution with integrated milestones.
- Integrated reporting that provides full visibility to opportunity funnel, savings contribution and execution status completely integrated with spend analysis and other Sievo solution areas.
Effective data input
Sievo’s user interface is designed to effectively capture projects of all sizes. Maximum granularity with minimal data point input.
Our solution incorporates financial savings recognition patterns ensuring that procurement savings are reported in a financially recognizable fashion.
Integrated workflow ensures that different stakeholders can provide their approval at different project steps with full audit trail.
Your categories, your workflow, your savings levers, Sievo provides full configurability.
Milestones, red-amber-green status, gantt-charts… our solution provides all elements for effective execution follow-up.
Cloud with global access
Sievo’s cloud solution can be accessed anywhere in the world by web browser.
Why stop at Savings Program Management? Go Beyond
Turn your heterogeneous source data into categorized spend data and tangible opportunities
Leverage spend data for creating forward looking view on price, spend, volumes and profitability
Get full transparency on savings and drivers of spend, as well as on contract compliance