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Tackling the real-life challenges of Spend Forecasting
Sievo’s Spend Forecasting is designed to tackle challenges specific to procurement:
- Designed to effectively address varying budgeting challenges of direct, indirect and capex
- Packaged budgeting templates and calculation logic configurable by category
- Role-based user management and support for global distributed input
- Functionality to work at different levels of analysis, from category to SKU level
- Integration of procurement savings to budgets and forecasts
- Budgeting/forecasting process management
- Full integration to Excel and source systems
- Management of different drivers of prices whether currency, market, or negotiation
Distributed role-based input
Role-based user management, allowing different stakeholders to view and edit only data relevant for them, for example on category or country basis.
Efficient managed process
Full support for managing forecasting process, including publishing budget rounds, collecting input and consolidating numbers. No more need for hundreds of e-mails and Excel consolidation pain.
Financial impact and risk exposure
Sievo’s Spend Forecasting not only gives you a forward-looking view on spend. It also translates the impact of spend into financial impacts and creates transparency on risk exposure.
Root cause analysis
Built-in analytics to perform root cause analysis between realized and budget data (as well as between budgets and forecasts), ensuring that deviations can be effectively acted on.
Configurable to address your specific needs that vary by category. Configuration options include defining what spend is in scope of budgeting, data points capture, level of forecasting, time horizon and granularity, use of reference, and frequency of forecasting process.
Cloud with global access
Sievo’s cloud solution can be accessed anywhere in the world using a web browser. Users can input data directly in Sievo and import or export using Excel.
Why stop at Spend Forecasting ? 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
Get full transparency on savings and drivers of spend, as well as on contract compliance