Spend Matters 50 to Watch — Sievo

Following the launch of the Spend Matters 50 to Know and 50 to Watch, our US site and our colleagues there have started running through all the providers to give the reasoning behind their inclusion. These are brilliant short summaries of each company’s offerings, and will be of great value for many readers.

We are adding our comments about the firms; for some we may have little to add, but for others we can offer further value and insight. We will then give you the link to the US post for you to read in full if you wish.

And in the case of Sievo, we came across it first, in London, as a Finnish firm, before it hit the US.  Now, measuring procurement savings has always been a topic of interest to me, in part because it seems so fundamental to procurement yet we tend to do it too badly. As a numbers person and a mathematician of sorts by training, some of the methodologies I have seen verge on the offensive.

So when Sievo told me its software really did that task properly, I was sceptical to say the least. But you know what - it does what it says on the tin. It's not perfect, but it was without a doubt the best I'd seen in this area, and particularly for direct and repetitive purchases, it is well worth considering. Other firms have entered this market to some extent, but Sievo is still the leader, which makes it well worth its place in our list.

Here's a taster of what our US site is saying:

"There’s only a handful of technology providers that come along each year that can change the measurement, financial, and process orientation of something as large as a procurement function. But Sievo, whom we included in the Spend Matters 50/50 “watch” list (see Providers to Watch and Providers to Know), is one of the few."

The US piece lists out what Sievo does to make this happen. There’s a surprising number of elements ... and adds:

"We hope that by putting them on our 50/50 list, more companies will discover just how revolutionary the Sievo approach is to managing procurement savings and performance to drive both P&L and balance sheet impact in the eyes of finance and shareholders."

Read the whole US piece here.

 

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