Community Data
Gain true negotiation power with peer benchmarks and unmatched insights from transaction data.
Executive Summary
Sievo Community Data is a specialized product designed for procurement professionals, offering unparalleled insights and peer benchmarks derived from a vast, anonymized network of transaction-level procurement data. This powerful tool redefines supplier negotiation by providing clear visibility into market price developments through material and category price indexes, enabling organizations to uncover hidden savings and optimize their purchasing strategies. Beyond negotiation, Community Data delivers critical intelligence for new supplier discovery and offers data-driven recommendations for payment terms. It seamlessly integrates with a company's internal data, combining it with trusted third-party and Sievo's aggregated community data to provide a comprehensive, 360-degree view of the supply chain. The platform also incorporates cutting-edge data cleansing services and automated translations to ensure the highest quality and usability of procurement data. Leveraging advanced AI and machine learning capabilities, Sievo Community Data transforms raw data into actionable insights, empowering procurement leaders to make faster, more informed decisions. It is built on a secure, cloud-based architecture, adhering to stringent security standards like ISO 27001 and SOC 2 Type II, with all customer data encrypted both in transit and at rest, ensuring compliance with global data privacy frameworks such as GDPR and CCPA.
Use Cases
- Redefine supplier negotiation terms using peer benchmarks for better pricing and conditions.
- Identify hidden savings opportunities by tracking material and category price developments.
- Optimize payment terms with data-driven recommendations and benchmarks.
- Discover and evaluate new suppliers using market intelligence and peer insights.
- Enhance procurement data quality through advanced data cleansing and categorization services.
Features
Visibility
- Peer Benchmarks: View aggregated and anonymized transaction data from peers to understand market pricing and performance.
- Price Indexes: Track material and category price developments over time to identify trends, risks, and opportunities.
- Savings Opportunities: Spot high-value opportunities for cost reduction and negotiation leverage instantly.
Intelligence
- AI-driven Data Cleansing: Benefit from end-to-end data accountability and automated cleansing services for accurate insights.
- Automated Translations: Automatically translate data into English using Google Translate API for consistent global analysis.
- Payment Term Recommendations: Receive AI-powered suggestions for optimizing payment terms with suppliers.
- Supplier Discovery Intel: Gain insights to identify and evaluate new potential suppliers based on market data.
Technical Specifications
- Deployment
- SaaS
AI/ML Stack
- Machine Learning
- Google Translate API
Integrations
- EcoVadis
Security & Compliance
Certifications: ISO 27001, SOC 2 Type II
Encryption: All customer data is encrypted in transit and at rest.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Enterprise
About sievo
Sievo is a SaaS company that provides procurement analytics and spend visibility solutions to help organizations optimize sourcing, supplier management, and savings tracking. Their platform aggregates procurement data, offers dashboards and insights, and supports enterprise procurement transformation.