Sievo

What is Sievo?

Sievo is a procurement analytics platform that helps organizations find cost savings, manage sustainability initiatives and plan direct materials budgets. The vendor says it processes over 2% of global GDP in spend data annually.

Key capabilities of Sievo

• Spend classification: 98%+ coverage and 94%+ accuracy guaranteed
• Savings tracking: AI-driven opportunity identification
• Peer benchmarking: compares against peer data
• CO2 analytics: supply chain decarbonization
• Supplier diversity: tracks diverse suppliers
• Compliance reporting: frameworks such as CSRD and CBAM

How Sievo works

Sievo ingests spend data from source systems, cleanses and categorizes it with AI against its procurement database of 100M+ enriched suppliers, and then surfaces savings opportunities and sustainability metrics. Planning tools model what-if scenarios for direct materials budgets and forecasts.

Who uses Sievo?

Procurement and finance teams at large enterprises use it, including Mars, Deutsche Telekom and Carlsberg. The vendor cites average customer retention above 10 years and a Net Promoter Score of 63.

Sievo pricing

Sievo does not publish pricing. Contracts are enterprise and quote based, so request a demo and proposal.

Sievo alternatives

Alternatives include Coupa for source-to-pay, Globality for autonomous sourcing, Fairmarkit for tail-spend sourcing, Tonkean for procurement orchestration, and Tropic for SaaS spend management.