Author Archives: Matti Sillanpää, Sievo



Procurement Benchmarking in the Era of Big Data

Let’s be honest: most benchmark reports promise much but deliver little. They often start with good intentions but focus on high-level best practices or rely on survey questionnaires to gather their data. Benchmarks can take weeks or months to develop, and even then they are often discarded if they can’t give concrete action points to procurement. At the same time, we live in the era of big data. Perhaps you’ve heard that more data has been created in the last two years than all of the previous human history. As data becomes the oil of the fourth industrial revolution, why wouldn’t we put all this data into action?

5 Ways to Turn Your CFO’s Hate to Love

Imagine your typical CFO and CPO as a couple on Facebook. What do you think would their relationship status be? In my role at Sievo, I get to meet many leadership teams, and I find surprising similarities in boardroom dynamics. In Facebook terms, I would describe the typical relationship between a CFO and a CPO as “it’s complicated,” although I’ve come across some true “hate-hate” relationships, too. To put a positive spin on things, an emotionally charged relationship comes with some powerful energy to work with. No CFO-CPO relationship is completely unrepairable. It can take considerable time and effort, but it is all worth it.