Unlock new frontier of value capture with unique insights and savings opportunities from Sievo cross-customer benchmarks.
Vendor
Sievo
Company Website
Sievo Community Data is a procurement intelligence solution that leverages anonymized, aggregated transaction data from Sievo’s customer base to deliver powerful benchmarks and insights. It enables procurement teams to uncover hidden savings opportunities, optimize supplier negotiations, and enhance data quality through advanced cleansing and classification. By processing spend data equivalent to 2% of global GDP annually, Sievo provides unmatched visibility into procurement performance across industries and geographies. The platform empowers users to compare payment terms, track price developments, and discover alternative suppliers validated by real transaction data.
Features
- Payment Terms Benchmarks
- Compare payment terms across categories, supplier countries, and spend levels
- Identify suppliers with potential for extending payment terms
- Receive AI-tailored, supplier-specific recommendations to improve working capital
- Cost Savings Opportunities & Supplier Discovery
- Track price development using material and category price indexes
- Identify renegotiation opportunities, even in non-commodity areas like MRO
- Discover commonly used suppliers and transaction-validated alternatives based on location or category
- Advanced Data Cleansing & Classification
- Best-in-class classification and cleansing services
- Supplier parenting algorithms based on cross-customer service records
- Intel on M&A and supplier base activities
- AI models trained on community data deliver 3x more accurate classification than other models
- Secure & Reliable Benchmarking
- Powered by cleansed, anonymized, and aggregated data
- Benchmarks are built from multiple customers to ensure anonymity and reliability
- Data integrity ensured through Sievo’s standard cleansing and validation processes
Benefits
- Negotiation Power: Gain leverage in supplier negotiations with peer-based benchmarks
- Savings Optimization: Uncover hidden cost-saving opportunities across categories
- Data Accuracy: Improve procurement data quality with AI-enhanced cleansing and classification
- Supplier Intelligence: Discover new sourcing options and monitor supplier base changes
- Working Capital Efficiency: Extend payment terms and optimize cash flow
- Trust & Security: All data is anonymized and validated to ensure privacy and reliability