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What is Sievo?

Transform chaotic data into valuable opportunities using an advanced analysis platform. Turn your spending data into potential savings while tracking their influence on your overall financial health. Utilize your various data sources to derive actionable insights through a state-of-the-art enterprise spend analysis tool. This not only helps you pinpoint savings opportunities but also facilitates the implementation of cost-saving initiatives, allowing you to assess their impact on your financial results. Enhance your ability to forecast future profit margins with a distinctive materials cost prediction solution that incorporates real-time spending and pricing data. The evolution of technology empowers us to handle data in innovative ways previously thought impossible. We create clean, secure, and impactful coding solutions that foster innovation across industries. Our mission is to translate the potential of tomorrow into today's commercial landscape, especially in sectors like artificial intelligence, machine learning, and big data analytics. We are committed to maintaining complete transparency with ourselves and our clients, cultivating an atmosphere of trust and collaboration. Our cutting-edge solutions enable procurement teams to engage in deeper, more insightful discussions, allowing them to make informed decisions supported by precise data analysis. This ultimately results in a procurement process that is not only more strategic and efficient but also resilient in the face of evolving market dynamics. By continuously refining our approach, we ensure that our clients are always a step ahead.

What is ChAI?

To effectively identify the most opportune moments for acquiring vital raw materials, create a persuasive narrative for internal stakeholders, identify ideal hedging times, negotiate favorable terms with suppliers, or define a hedge ratio, ChAI stands out as the perfect solution. This intuitive web application enables users to harness unbiased forecasts for material and energy prices by utilizing AI to scrutinize a vast array of pertinent data, including satellite imagery and the China 300 Index. Within a single quarter, fluctuations in the prices of certain crucial commodities can reach up to 20% of total spending, underscoring the importance of timing and pricing in procurement. Hence, securing purchases at the most beneficial moments is essential for procurement professionals and their companies. ChAI streamlines the task of determining the optimal timing for raw material acquisition by delivering numerical predictions for one week and six months into the future. Each of these forecasts is supported by clear explanations, equipping procurement experts with valuable insights to enhance negotiation strategies and refine purchasing practices. This innovative methodology not only bolsters decision-making but also plays a significant role in advancing cost management and strategic planning within the organization, ultimately leading to a more agile and informed procurement process. The result is a more resilient supply chain that can adapt to market changes with increased confidence.

Media

Media

Integrations Supported

Box
SAP Business One

Integrations Supported

Dash

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Sievo

Date Founded

2003

Company Location

Finland

Company Website

sievo.com

Company Facts

Organization Name

ChAI

Company Location

United Kingdom

Company Website

chaipredict.com

Categories and Features

AI Procurement

Not specified

Procurement

Contract Management
Spend Management

Spend Analysis

Not specified

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Procurement Management
Spend Analysis
Supplier Management

Categories and Features

Spend Analysis

Not specified

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