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Sievo

Procurement Analytics for large enterprises. Reliable insights. Faster actions. More savings. All in one Sievo.

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Overview

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Sievo delivers advanced procurement analytics software for large enterprises, harnessing AI-driven insights with human contextual understanding. With over 20 years of expertise, Sievo processes over 2% of global GDP spend data annually, empowering organizations to maximize bottom-line impact, ensure resilient, sustainable, and diverse supply chains, and drive procurement excellence.

How It Works

  • Automated Data Extractions: Collect data from ERPs, data lakes, and procurement systems without manual effort, ideal for large and complex procurement setups.
  • Clean & Reliable Data: Cleansing, deduplication (6-23% of materials), and harmonisation produce a single, trusted data source.
  • Data Enrichment: Internal data is enhanced using third-party sources and cross-customer Community Data for robust insights and benchmarks.
  • Classification Accuracy: Achieve 94% AI-powered classification accuracy and 98% data coverage at the finest detail, with easy re-classification if needed.
  • Supplier Normalisation: AI-driven, cross-customer Supplier Database and Dun & Bradstreet data ensure fast, accurate supplier information and automatic M&A updates.
  • Actionable Insights & Analytics: Automated analysis uncovers high-value savings, and Sievo IQ’s conversational interface provides instant insights.
  • From Insights to Action: One-click actions turn insights into strategies, triggering emails, negotiations, or tasks directly from the analytics platform.

Use Cases

Achieve Cost Savings
Uncover hidden savings opportunities in complex procurement data. Achieve 3-11% annual savings on core categories and total spend by optimizing cost-to-emission ratios, improving working capital, and managing tail spend.
Improve ESG Performance
Gain full visibility into sustainability with Sievo's analytics. Ensure compliance with regulations, reduce Scope 3 emissions, and build sustainable, resilient, and diverse supply chains.
Streamline Budgeting & Forecasting
Enhance financial planning accuracy and scenario analysis for direct materials. Reduce budgeting and forecasting cycle times and proactively manage procurement spend.

Features & Benefits

  • Spend Analytics – Up to 11% annual savings, 360° spend, supplier & category view
  • Initiative Management – From idea to impact, manage lifecycle and execution
  • CO2 Analytics – Track and reduce emissions, improve ESG compliance
  • Diversity Analytics – Achieve transparency and resilience in supply chain diversity
  • Sustainability Analytics – Drive compliance (CBAM, CSRD, GRI), reduce Scope 3 emissions
  • Direct Materials Budgeting & Forecasting – Streamline, reduce cycle time >80%
  • Contract Analytics – Full visibility into contracts, payment terms, delivery
  • Procurement Benchmarking – Compare performance to market standards
  • AI-Powered Insights – Automatically reveal opportunities for savings and optimisation
  • Sievo IQ – Instant, context-driven answers through chat
  • Automated Actions – Turn insights into actions or negotiations instantly
  • AI Curated Public Data – Enrich analytics with public datasets

Target Audience

  • Large Enterprises: Organizations with complex procurement needs and high data volume.
  • Procurement Leaders: For savings, initiative management, and supplier/spend visibility.
  • Financial Leaders: For better budgeting, forecasting, and understanding procurement’s financial impact.
  • Sustainability Leaders: To drive ESG improvements, compliance, and Net Zero ambitions.
  • Data & Tech Leaders: To ensure robust data quality, integration, and leverage AI analytics.

Pricing

  • Subscription model with end-to-end data responsibility.
  • Includes: data extraction, cleansing, enrichment, harmonisation, and classifications.
  • Subscription covers software updates, maintenance, account support, certificates, and onboarding materials.
  • Specific pricing tiers and figures are not listed.

FAQs

What is Sievo's core offering?

Sievo provides procurement analytics software for large enterprises, offering reliable insights, faster actions, and greater savings across procurement, finance, and sustainability functions.

How does Sievo help achieve cost savings?

Sievo's Spend Analytics can help organizations achieve 3-11% annual savings by uncovering high-value opportunities, optimizing cost-to-emission ratios, improving working capital, and managing tail spend.

What level of data quality can I expect from Sievo?

Sievo guarantees 94% AI-powered classification accuracy and 98% coverage at the deepest granularity feasible, ensuring end-to-end data accountability and reliable insights.

Can Sievo integrate with existing enterprise systems?

Yes, Sievo integrates with any ERP, data lake, external data source, and procurement system, making it ideal for large companies with complex procurement landscapes.

How does Sievo support sustainability goals?

Sievo's CO2 Analytics and Sustainability Analytics provide full visibility into sustainability performance, help drive compliance, Scope 3 emission reduction, and risk mitigation, and enable seamless reporting for frameworks such as CBAM, CSRD, and GRI.

Who is the target audience for Sievo's solutions?

Sievo is designed for large enterprises and serves procurement leaders, financial leaders, sustainability leaders, and data & tech leaders seeking to enhance their decision-making and operational efficiency.

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