Sievo
Actionable procurement analytics for reliable insights and maximum savings.
Executive Summary
Sievo is an AI-powered procurement analytics platform tailored for large enterprises with over $1B in revenue. It aggregates, cleanses, and enriches complex spend data from various sources, transforming it into actionable insights. The platform empowers procurement, finance, and sustainability teams to achieve significant cost savings, improve supplier performance, enhance ESG compliance, and streamline financial planning and forecasting through data-driven decision-making.
Use Cases
- Achieve significant cost savings and optimize spend across the organization.
- Improve supplier performance and mitigate supply chain risks.
- Enhance ESG performance, drive compliance, and reduce Scope 3 emissions.
- Streamline budgeting and forecasting for direct materials and overall financial planning.
- Gain a single source of truth for procurement data in complex, multi-ERP environments.
- Accelerate the delivery of savings and procurement impact through initiative management.
Features
Visibility
- Spend Analytics: Gain comprehensive visibility into all procurement spending, aggregating and categorizing data from multiple sources to identify cost-saving opportunities.
- PO Analytics & Contract Compliance: Monitor purchase order commitments, identify invoiced spend gaps, and ensure compliance with contracts to tackle maverick spending.
- Supplier Risk Analytics: Build a resilient supply base by evaluating supplier performance, identifying at-risk suppliers, and assessing overall supplier risk.
- CO2 Analytics: Lead to Net Zero by tracking and analyzing CO2 emissions across the supply chain, providing precise data and actionable reduction insights.
- Diversity Analytics: Improve supply chain resilience and promote economic opportunity by tracking and reporting on diverse spend and supplier diversity programs.
Intelligence
- AI-Driven Classification & Harmonization: Automated classification of spend data, supplier normalization, and material de-duplication with high accuracy and coverage guarantees.
- Conversational Analytics (Sievo IQ): Accelerate procurement decisions by asking specific questions and receiving instant, accurate answers and insights through a conversational interface.
- Agentic AI for Decision Orchestration: Elevates AI from passive analysis to active orchestration of procurement processes, automating tasks and enhancing human decision-making.
- Market Benchmarking & Price Indexes: Benchmark purchase prices against market developments and leverage cross-customer community data for true negotiation power.
- What-if Scenario Simulation: Assess the impact of different events on future spend, enabling proactive and agile financial planning and forecasting.
Support
- Dedicated Customer Success Team: Provides strong support, guidance from procurement analytics professionals, and a great customer experience team throughout the customer journey.
- Comprehensive Training & Certifications: Offers training, certifications, and onboarding materials to assure high user adoption and help users master Sievo solutions.
- Self-Service & Guided Learning Center: Empowers users with self-service functionalities and a guided learning center to optimize their use of the platform.
Technical Specifications
- Architecture
- Cloud-native SaaS, Microservices-based
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0, MFA, OAuth 2.0
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- NLP
- Machine Learning
- LLM
Integrations
- SAP
- Oracle
- Coupa
Security & Compliance
Certifications: GDPR, ISO 27001, SOC 2 Type II
Encryption: AES-256 at rest, TLS 1.3 in transit
Data Residency: EU/Global
Pricing
- Model
- Custom enterprise
- Starting Price
- Contact sales
- Target Customer
- Enterprise only
- Contract Type
- Annual, Multi-year discounts
- Free Trial
- No (credit card required)
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.