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After diverse source data is converted into meaningful insights, the firm’s spend forecasting solution helps to collect all internal and external data sources to react faster to price changes. It creates a forward-looking view of procurement spend, prices, quantities, and even product profitability.
Sievo’s spend forecasting assists companies to discipline their purchase price variance across the whole organization from every direct material to business unit.
Furthermore, with its savings life cycle management solution, the company assures its customers the visibility of how they spend money and how to track the savings for the future and key areas where improvements can be made. The firm helps businesses manage savings life cycle from idea to cash and ensures that savings truly hit the bottom line to manage.
Contract management also makes information easily understandable and accessible so that people can make decisions based on the numbers and efficiently manage one centralized repository for all contracts accessible anywhere, anytime. The application also helps in managing renewals and renegotiations by allocating responsibility and setting notifications across the whole team.
Sievo continues to be the leader in innovation in the field of procurement analytics and is continuously bringing in innovations to the market. The firm also aims to ensure that their clients have all the tools to collaborate by focusing on data related topics, machine learning, and human machine collaboration. They also believe in open, honest, and proactive communication with their clients and letting them know as to what they are best at.
Sievo has grown steadily over the last years and has many added fortune 500 companies to its clientele. The firm is also expanding geographically, spreading its wings in the US. “It has been a wonderful journey so far and I am looking forward for the future to conquer the US spend market,” concludes Teppala.
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