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Spend Analysis made simple – Extract, Extend, Enrich and Enjoy :
Sievo’s Spend Analysis solution covers the full source-to-screen process from data extraction to reporting:
- Extract: Sievo Data Extractor features plug-and-play integration to any source system, minimizing the need of local IT resources. Sievo Data Extractor completely automates the monthly process and lets Sievo take responsibility for all aspects of the Spend Analysis process
- Extend source system data with data collected from suppliers. The data available in source systems does not fulfill all reporting needs, especially so in indirect categories. Sievo’s solution enables seamless integration of supplier data to complement the data you have in source systems, avoiding double counting
Enrich your data to give visibility to spend by category and to consolidate suppliers. Sievo provides a collaborative classification approach, combining both customer knowledge and Sievo resources, to effectively and reliably classify all spend (with or without PO) to your category tree. Full transparency to all classification decisions is maintained at all times, and modifying a classification decision can be done by users in a matter of clicks
- Enjoy the results through an on-line analytical interface designed to provide full transparency on all aspects of spend, payment terms and inbound inventories. In-memory based reporting technology ensures that even the most complex analyses are provided in a matter of seconds, regardless of underlying data amounts. The user interface is designed for rapid adoption and at the same time provides pivoting tools for super users to create complex analysis, independently and immediately
Automated Data Extraction
Sievo Data Extractor automatically collects data from any source.
Sievo’s classification provides full transparency on all classification decisions, enables easy iterations and combines customer knowledge with Sievo software and services.
Guaranteed data quality
Sievo guarantees that your spend numbers are always correct or you get your money back.
Extend with supplier data
When ERP-data is not sufficient Sievo provides seamless integration of supplier data.
Sievo’s Spend Analysis provides transparency to payment terms and inbound inventories.
Monthly data refresh process
Sievo takes overall responsibility for monthly or more frequent data processing, with turnaround times from 2 days.
Why stop at spend analysis? Go beyond :
Translate Spend Analysis into savings opportunities, execute savings projects and track savings contribution
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