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Sievo

by Sievo Oy · Since 2003
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Quick facts
VendorSievo Oy
Year launched2003
StatusActive
LocationHelsinki, Finland
Countries servedN/A
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Sievo

Sievo is a procurement analytics software for large enterprises.

Sievo is a procurement analytics platform designed for large enterprises to transform their procurement data into actionable strategies. The software focuses on several key areas: spend analytics for cost savings, ESG analytics for supply chain sustainability and compliance, and procurement performance management. It also integrates financial planning and analysis with features like automated forecasting and scenario simulation. Sievo utilizes AI for data cleansing, categorization, and generating insights, aiming to provide high-quality, reliable data. The platform is a cloud-based SaaS solution. Pricing is not publicly available, indicating a sales-led, enterprise-focused model. The company offers training through the 'Sievo Academy' and provides various resources like case studies and whitepapers.

Pros & Cons

Pros
  • Provides a comprehensive suite of tools covering spend, ESG, and performance analytics.
  • Utilizes AI for data cleansing and to generate actionable insights, ensuring high data quality.
  • Integrates procurement analytics with financial planning and forecasting.
  • Offers extensive resources for customers, including case studies and an online 'Sievo Academy'.
  • Focuses on tangible outcomes like cost savings, risk mitigation, and ESG performance improvement.
Cons
  • Pricing is not publicly available and requires contacting sales, which is typical for enterprise software but can be a barrier for evaluation.
  • The solution is specifically designed for large enterprises with over $1B in revenue, making it unsuitable for smaller businesses.

Features

Key features

Spend Analytics & Insights

Maximizes procurement savings with actionable insights from spend data.

ESG Analytics

Decarbonizes the supply chain, tracks supplier CSR performance, and improves supplier diversity.

Procurement Performance Management

Manages savings initiatives and tracks procurement impact on business goals.

Financial Planning & Analysis

Automates forecasting for direct materials and allows for what-if scenario simulations.

Data Cleansing & Categorization

Employs AI to ensure high data quality with end-to-end data accountability.

Supplier Risk Analytics

Helps build a resilient supply base by partnering with compliant suppliers.

Contract Compliance

Increases contract coverage to identify and reduce maverick spending.

Market Benchmarking

Allows users to benchmark their purchase prices against market price development.

Additional features

Payment Term Analytics

Identifies opportunities for working capital improvement through payment term optimization.

PO Analytics

Provides visibility into purchase order commitments and gaps between invoiced spend.

Community Data

Offers peer benchmark data to strengthen negotiation power.

SBTi Supplier Emission Reduction Targets

Tracks suppliers' climate actions to reduce Scope 3 emissions.

AI-Powered Insights

Automatically spots high-value opportunities for savings and performance improvement.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Countries served
1
Interface languages
Billing currencies

Interface languages

English

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