A company is defined by the problems it solves for its customers. At Sievo, the biggest problem we solve is helping companies to analyze past purchases, predict future spend and manage procurement savings from idea to cash.

Before Sievo, cost savings were often difficult to verify or see in the bottom line, or even achieve in the first place:

"My head of procurement is claiming €250 M savings a year. I've asked him why I could not see this in the profitability of the divisions. He said he doesn't know."

--CEO, Global Logistics Provider

"We've started a major sourcing initiative a year ago. Procurement regularly presents tremendous savings – at least that's what the PowerPoint slides indicate. However, they cannot tell me what portion of the claimed savings gets effects the P&L effective (...) I really doubt all those figures."

--CFO, European Food Manufacturer

"We made significant strides in reducing our costs for procured marketing materials and services – reaching up to 50% in cost reductions in some cases and achieving an almost 10-fold increase versus our target. Unfortunately, we had no mechanism to affect the already established budget, so all the incremental savings were quickly spent."

--CPO, North American Consumer Products Company

At Sievo, we're changing that by defining a new space:

Procurement performance management is the business science that recognizes procurement as the cross functional discipline that manages and measures actual and future contribution of internal and external levers to companies' bottom line.