Chicago, Illinois, US – Simfoni has been named a 2019 Provider to Watch by Spend Matters.

Spend Matters released its 6th annual ‘50 Providers to Know/50 Providers to Watch’ lists today in conjunction with the annual ISM conference.

The recognition highlights the innovation Simfoni has been able to bring to the procurement space. Vitesse and Sourceforce, underpinned by Virtuosi are category-defining products, loved by its users for the efficiency and cost improvement it brings.

This marks the fourth straight year Simfoni has been recognized as a Provider to Watch by Spend Matters.

Spend Matters routinely reviews the latest procurement technology and service offerings to help organizations make wise and effective vendor selection decisions. The 50 Providers to Watch/Know lists are the result of deep analysis and corroboration among all Spend Matters analysts and reflect the publication’s unbiased, independent view of the organizations to know and watch.

Chirag Shah – Chairman: –

“I am delighted that Simfoni has yet again been featured on the list of top 50 procurement technology vendors to watch by Spend Matters.  Procurement technology is a highly competitive and mature space with 100s of providers trying to solve complex problems in this space. Being able to consistently make it to the list is a true testimony of our continued contribution in terms of innovation and deep industry expertise. Our technology platforms Virtuosi™ – a holistic analytics technology platform, Vitesse™– a pioneer in the field of Tail Spend Management – and Sourceforce, a Savings and Project Management suite, all lead the field in their respective emerging market segments. I give credit to the fantastic team at Simfoni whose continuous improvement mindset and strive for perfection is instrumental in developing these category-defining products and earning such recognition from Spend Matters. I am also grateful to our wonderful customers who have always trusted our solutions to deliver productivity improvements in their organizations.”

Procurement service providers can create a free listing in Spend Matters’ vendor directory, the Almanac, to be considered by the analyst team constructing next year’s 50 to Watch/Know lists. The Almanac contains 450+ vendor descriptions across 25 service/technology categories as well as Spend Matters’ unbiased reviews and related articles. It is a valuable resource for procurement practitioners seeking insider intel on procurement service providers.

About Spend Matters – Solution Intelligence for Procurement

Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.

About Simfoni

Simfoni delivers next-generation digital transformation through spend analytics & buying automation. Simfoni’s mission is to combine Technology, Content and Enablement Services that work seamlessly to drive operational improvement and unparalleled savings.

Solutions: –

Analytics: – Simfoni offers a new breed of Machine Learning enabled Spend Analytics; Virtuosi™ which is built for procurement professionals by procurement professionals. our proprietary analytics platform helps organizations gain insights from their data, unearth savings using machine learning & interactive visualizations. Request a demo: http://simfoni.com/analytics/request-a-demo/

Tail Spend Management: – Vitesse™ tail spend management solutions features a powerful combination of technology, expertise & sourcing network. Using predictive buying algorithms, Vitesse has delivered up to 23% in savings and over 30% in supplier reduction to its clients. Our guided buying module which includes marketplace consists of pre-negotiated deals on a vast range of categories and listed suppliers. We help our clients go from a long, non-addressed tail spend to a compressed, well negotiated and managed spend; reducing suppliers and transactions, improving savings and eliminating risks. Know More – http://simfoni.com/tail-spend/

Savings Management: – Sourceforce App helps you transform the way you plan, manage and report your procurement savings. Sourceforce App has built-in analytics & reporting functionality for Procurement Project Management & Savings Tracking. With a push of a button, you can clone projects, save them as templates and collaborate with your team. Learn how Sourceforce helps you track & deliver savings when it matters the most. – http://simfoni.com/sourcing-tools/

Simfoni teams are located globally. Let us know more about your requirements and we can usually arrange a demo of our platform within 24 hours. To learn more, visit http://simfoni.com/