Spend Management overview

Managing sourcing savings from idea to bottom line

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Turn savings ideas in cash

Sievo’s Spend Management solution helps corporations to translate source data into savings opportunities and convert these opportunities into savings projects. The analytical engine is combined with a strong project execution platform ensuring effective savings realization. All spend and project information can be used to budget and forecast prices, volumes, spend, and profitability. Finally, Sievo’s Spend Management solution ensures that savings hit the bottom line. In short term, our customers capture concrete savings at all stages of the savings life cycle:

  • Increase opportunity identification through Spend Analysis
  • Accelerate project execution with Savings Program Management
  • Make proactive decisions through forward looking Spend Budgeting and Forecasting
  • Reduce savings leakage through Procurement Controlling
Sievo procurement contribution to finance method

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Alvaro Castro Martinez, Chief Procurement Officer, Bankia

"Their Spend Management solution is …rapid to implement, easy to use, straight to the point when it comes to talk to management about spend and savings and share with finance the procurement situation…Sievo is heading the procurement contribution financial performance market and their product is excellent."

Spend Management: managing data to improve bottom line

Professional spend management requires transparency. Sievo’s Spend Management solution provides an integrated solution to capture and structure data points from a variety of sources to create competitive advantage:

  • Source-to-screen approach to create transparency on spend data based on data in your source systems
  • Supplier web upload to collect data from your key suppliers, typically to create transparency on transport and indirect categories
  • Scenario tools to identify opportunities and manage risks
  • Highly intuitive user interface to capture all savings projects
  • Integration to various market price sources to compare internal price development with market realities
  • Budgeting and forecasting tools featuring distributed data collection to create prices, volume and spend forecasts
  • Inbuilt calculation technologies that isolate drivers of spend
  • Contract repository and capacity to link spend data with contracts for compliance management

Sourcing and Finance

Designed to serve the needs of sourcing function and fulfill the strict requirements of financial correctness.

Connected

Sievo provides a plug-and-play connection to your source systems, incorporates market data sources and enables effective data collection from suppliers.

spend management plug & play

Guaranteed data quality

Sievo guarantees that your performance numbers are always correct or you get your money back.

sievo guaranteed data quality

Visual

Sievo’s visual user interface provides immediate overview and at the same enables drilling-down to lowest details.

sievo interface

Cloud

Sievo’s cloud solution can be taken into use without hassle, all you need is a web browser.

Sievo SaaS the cloud

Integrated

All modules are designed to manage savings from idea to bottom line.

the Sievo linked solution areas

Four steps for Spend Management:

Spend Analysis

Turn your heterogeneous source data into categorized spend data and tangible opportunities

Savings Program Management

Translate Spend Analysis into savings opportunities, execute savings projects and track savings contribution

Spend Budgeting & Forecasting

Leverage spend data for creating a forward looking view on price, spend, volumes and profitability

Procurement Controlling

Get full transparency on savings and drivers of spend, as well as on contract compliance