Archlet and Sievo enter partnership to enable Procurement from spend analytics to sourcing execution

Zürich, Switzerland – August 22, 2022 –– Archlet, the user-first holistic decision software company that helps Procurement make better sourcing decisions faster, and Sievo, the global leader in Spend Analytics, today announced a new partnership that enables Procurement to manage business spend strategically from spend analysis to sourcing execution and savings tracking by connecting the two leading platforms.   

The partnership will allow Archlet customers to take advantage of Sievo’s spend analytics, opportunity and savings management capabilities, thus enabling them to strategically identify and plan sourcing opportunities. Sievo customers can easily create and execute identified sourcing opportunities in Archlet and benefit from advanced sourcing analytics and scenario optimization capabilities. Automatically capturing the achieved savings and impact of each sourcing event in Sievo eliminates manual data entries in the end-to-end sourcing process and increases Procurement efficiency.

“Partnering with like-minded organizations is key for driving state of the art user experiences”, said Sammeli Sammalkorpi, CEO & Founder of Sievo. “Sievo and Archlet both provide deep domain expertise in intuitive solutions to create meaningful user experiences and insights.”  

“By seamlessly connecting Sievo’s opportunity and savings management with Archlet’s strategic sourcing, analytics, and scenario optimization capabilities, we reduce the burden on sourcing managers to manually manage their savings opportunities,” added Archlet co-founder Lukas Wawrla. “This drives process efficiency from spend analysis to sourcing execution and increases Procurement’s ability to report and communicate their value add with confidence.”

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About Archlet

Archlet is a user-first sourcing software company that helps companies make better sourcing decisions faster by providing best-in-class sourcing, analytics, and optimization capabilities. As an official spin-off from ETH Zürich, Archlet combines data science and machine learning capabilities with deep hands-on procurement expertise to rethink strategic sourcing software.

Archlet empowers pioneering Procurement teams across industries, company sizes and digital maturity to make data driven and holistic sourcing decisions. Clients include PepsiCo, Emmi Group, Deutsche Bahn, Gordon Food Service and many more. Visit https://www.archlet.io for more information.   

About Sievo

Sievo is the procurement analytics solution for data-driven enterprises. Sievo gives procurement, finance, and leadership teams a single source of truth and radical transparency to all sourcing decisions. Our solution helps you choose the right suppliers, deliver savings, and manage compliance with confidence. It also enables a sustainable, diverse, and resilient supply base! Sievo bridges the data-to-action gap and powers agile procurement by combining AI with procurement expertise. Procurement organizations need an analytics partner they can trust. We’re large enough to deliver, small enough to care. Visit https://www.sievo.com/ to learn more.  

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Media Contacts:

Archlet: Lukas Wawrla: Lukas.Wawrla@archlet.ch

Sievo: Miikka Mikkonen Miikka.Mikkonen@sievo.com