Sievo: Vendor Analysis (Part 3) — Competitive and Summary Analysis

Not only is the market for spend analysis solutions highly fragmented from a vendor “choice” perspective today, it is also characterized by solutions that are difficult to compare on an apples-to-apples basis between providers. Sievo is one such provider that makes cross-comparisons of vendors challenging because of some of the unique approaches it takes both to spend classification and, more important, to savings reporting and tracking. In fact, this latter element makes it one of the few spend analytics solutions that is as relevant for finance (and CFOs) as it is for procurement organizations.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Sievo offers a SWOT analysis, competitive assessment and comparison with other providers in the spend analytics market. It also includes a user selection guide and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep dive solution overview, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider Sievo.