Hear from our Procurement Game Changer
As we expand and realize our corporate goals, integrating Sievo has been essential. Not only did we increase data accuracy and our managed spend, but we also build on this to improve our corporate sustainability operations."
Challenge
When Opella emerged as a standalone company from Sanofi's Consumer Healthcare division, it faced an urgent procurement challenge. The company needed to establish operational independence while maintaining seamless business continuity.
The primary concern was the lack of a centralized system for procurement and finance data. As a result, data was scattered across numerous systems, causing inconsistencies.
Procurement spent hours manually extracting and reconciling data. This slowed decision-making and led to additional efforts between procurement and finance to resolve data accuracy challenges.
Additionally, missing a view that combined internal spend data with external market intelligence, supplier performance, and sustainability indicators forced users to handle extensive data integration manually. This resulted in fragmented reports and missed opportunities.
Opella needed a system to support their new focus on sustainability targets and risk management. Existing systems did not meet these needs, slowing progress toward the goals.
Solution
To tackle the challenges, Opella’s procurement leadership turned to Sievo.
One of the first steps was to consolidate all procurement and finance data into a single source of truth. Sievo allowed Opella to seamlessly combine data from different systems, cutting down on manual data crunching. This enabled procurement to use a centralized dashboard for accessing always up-to-date procurement data.
By harmonizing various data streams, Sievo offered a complete snapshot of their procurement operations. External integrations with internal data meant that they could now see the bigger picture and act on insights previously unattainable. This newfound clarity allowed the procurement team to optimize supplier engagements and drive initiatives that significantly improved cost management outcomes.
Opella quickly came to see Sievo as a one-stop shop. The support team responded promptly to the unique challenges faced, customizing solutions to targeting to meet specific needs. This partnership was characterized by agile adaptation and continuous refinement, directly contributing to significant enhancements in Opella's operational and financial management.
Results
By establishing a single source of truth for procurement and finance data, Opella’s teams now access real-time data seamlessly, eliminating the need to reconcile conflicting reports.
Sievo quickly delivered impactful solutions from concept to full deployment in just 4 months. One of the key successes was a 65% reduction in distinct ERP suppliers, consolidating them into unified supplier groups.
Opella leveraged Sievo to reach 87% PO coverage, cutting maverick spend by 43% in one year.
By integrating data from 9 different data sources into one centralized platform, Sievo distinguished itself by providing a universally accessible action hub, enhancing internal workflows with adaptable solutions.
Sievo’s AI capabilities in have positioned Opella at the forefront of procurement innovation. With these tools, Opella can now leverage advanced features like predictive analytics and automated insights, all without the need for extensive internal development.
