Sievo Oy named "Cool Vendor" by Gartner, Inc.

HELSINKI - May 16, 2013 - PRLog -- Helsinki, May 16, 2013

The Cool Vendors report in Procurement and CLM by Gartner Inc. shines the spotlight on companies which are helping enterprises improve their procurement performance beyond the classical operational and tactical practices currently available in the sourcing and procurement space. Sievo was chosen as a Cool Vendor for its Procurement Performance Management solution which provides a cloud based services for companies to manage their savings from ideas to cash.

Sievo’s Procurement Performance Management solution enables clients to identify procurement savings, create and manage projects approval till completion, budget and forecast future spend embedding savings, and controlling realization of savings versus budgets and prior financial periods.

The cloud application relies on three core components allowing to easily extract, extend and enrich data. This innovative technologies combined with Sievo’s universal performance method makes it one the fastest growing technology company one cannot ignore.

“For the last decade we've been building what we believe to be the solution needed to make sure savings do not remain on the shelf but really hit the bottom line of companies,” said Fabrice Saporito, Sievo CEO. “We are delighted to receive this industry recognition as testament for our hard work and will take it upon ourselves to further push the boundaries of innovation in the procurement performance management space. With our solution we look forward to see the procurement function being recognized as an even more strategic organization within companies.”