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Procurement Technology

Simfoni is recognized for the second time at World Procurement Awards in “Best New Procurement Technology” category.

Procurement Leaders have announced the finalists for the World Procurement Awards 2019 and Simfoni has been listed for the second time as the best new procurement technology in the “Procurement Technology” Category. … Read More

Spend Management

What is Spend Management? Why and How it is Implemented?

What is Spend Management? Spend management means managing organization expenditure through processes starting Demand Identification and Spend Analysis to Sourcing and Order Management, for both direct and indirect spend categories. A robust Spend Management includes the use of best in … Read More

Spend Analytics

What is Spend Analytics? Why and how it is implemented?

What is Spend Analytics? Spend analytics is a process which is being used to gain clear visibility and to dive deep into spend data to understand the spending patterns of any business, to understand the supply base, to track the … Read More

Predictive Analytics in Procurement

What is Predictive Analytics in Procurement? Why and how it is implemented?

What is Predictive Analytics in Procurement? Predictive Analytics in Procurement refers to the use of available spend, catalog, supplier and materials data in order to perform analysis that determines patterns and predicts future outcomes and trends. Predictive analysis is comparatively … Read More

What Exactly Is in the Tail Spend?

What Exactly Is in the Tail Spend?

At a headline level, I think most procurement folks are now familiar with the concept of tail spend: the low-value spend items that are non-core but still essential to the smooth operation of an organization. … Read More

spend analysis

What does spend analysis has to do in procurement

Spend analysis is the term which is hardly understood. Since it plays a major part in the procurement of the organization, it has become a matter of concern. Spend analysis is the procedure to collect, cleanse, classify and analyze expenditure … Read More

Spend Analysis

The 4C approach that can improve your spend analysis

The organizations need to have a full view of its functions in order to transform to the better. Procurement requires the control and hold of the total spend done by the different departments. Since the organization has multiple ERPs for … Read More

Spend Analysis Services

How spend analysis services can improve procurement

The company’s procurement strategy must contain spend analysis. A robust and strong spend analysis is vital for the successful procurement in the organization. A matter of concern here is that whether the company gains maximum benefits as a result of … Read More

Spend Analytics

Challenges organizations have to face while implementing Spend Analytics

Spend analytics should be a crucial part of any procurement strategy but implementing spend analytics in the strategy is not easy. It calls for a great deal of effort to make spend analytics a part of the organization. The economic … Read More

Analytics Webinar

Analytics Webinar

In this webinar, you will learn how Serco uses analytics around contracts, bid support, benchmarking, ethics and more to support business decisions — and the resulting business benefits. … Read More