Hear from our Procurement Game Changer
Sievo delivers value we've never experienced before. We see so many opportunities we previously missed that are just ripe for picking. It's as simple as looking at Sievo.
Procurement Game Changer
Angel has been a valued member of MediaMarktSaturn since 2008, contributing his expertise to multiple domains within procurement.
Outside of work, he indulges in his passion for collecting books and treasures
moments with his family
Challenge
For many years, MediaMarktSaturn has led European electronics retail.
Still, a significant part of their spend data remained uncategorized and scattered.
The root cause was a fragmented data infrastructure of in-house analytics tools.
A complex taxonomy and distribution across several ERP systems led to inconsistent data and missing supplier connections.
The procurement team knew they were leaving money on the table but lacked the visibility to pinpoint where or how much.
The next step was finding a solution that would bring transparency to every area of spend.
Solution
With Sievo, MediaMarktSaturn brought all their data under one roof.
Sievo offered real-time transparency through direct data extraction, revealing hidden connections between spend data, suppliers, and GL accounts.
Newfound data handling capabilities, such as quick cost overviews and in-depth drill-down functionality, allowed MediaMarktSaturn to identify unusual costs and responsible parties.
The procurement team could now leverage Sievo's Payment Terms solution to model various scenarios for cash flow and working capital optimization.
AI-powered features elevate MediaMarktSaturn's procurement intelligence even further. Instead of relying on in-house dashboards to view numbers, they now use Sievo Insights to receive actionable recommendations for spend optimization.
The more people started using Sievo, the more they found value and insights they had never seen before.
Results
Integrating Sievo into the workflow has resulted in over 90%-time savings.
Previously, data preparation and analysis required 45 minutes. Using Sievo’s advanced data extraction features, this has been reduced to just 3 minutes.
After linking contract data to spend, purpose-built dashboards were easily available to extract value from Sievo's payment term tracking.
The gained visibility allowed MediaMarktSaturn to increase its average payment terms by 7 days, generating double-digit million savings.
Sievo has become an important part of MediaMarktSaturn's sourcing strategy and Sievo's capabilities are constantly evolving to stay ahead of the curve.
Facing similar challenges with in-house reporting?
Our guide examines the realities of in-house solutions versus specialized software, backed by real implementation experiences and cost considerations.
