Sievo: Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

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The market for spend analytics reminds us of the evolution of the coffee market. It was not so long ago that we largely had a maximum of four choices: drip, percolator and then regular or decaf (this was when no one cared about the provenance of “the beans”). Today, this choice has exploded, and coffee is, well, not just coffee anymore.

Spend analytics has evolved in just about as many directions as a barista can provide in terms of java choice at the local coffee shop. But not all approaches are created equal. In fact everything from underlying data acquisition, classification, enrichment and analytics can vary dramatically from solution to solution.

Sievo is one of the longest running, still independent spend analytics providers in the market today. Founded in 2003, Sievo long ago moved beyond basic spend analytics and centers much of its value proposition today on driving savings program measurement and management. How they do this is complex, requiring all of the basics of spend classification, analytics and more. In this research brief, we get into the weeds on the “what” and the “how” of Sievo. We promise: Sievo is unlikely any other provider you have seen in terms of both methodology and solution.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help buying organizations make informed decisions about whether they need a solution like Sievo to drive spend analytics programs or in addition to their current efforts. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Sievo. The rest of this multipart research brief covers product strengths and weaknesses, competitor and SWOT analysis, user selection guides, and insider evaluation and selection considerations.

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