The Spend Matters 2018 Almanac has been released today and Simfoni is delighted to announce that – for the 3rd year in succession – it has been recognized in the “Top 50 to Watch” category amongst leading technology vendors in the eProcurement sector.
The Spend Matters Almanac is truly the Who’s Who of technology companies in the procurement industry and, for many, the Top 50 to Watch offers a selection of the up and coming players that offer potentially the most disruptive solutions for the next era of Procurement innovation.
Simfoni, with its Analytics and Tail Spend Management suite of products, has once again been shortlisted in the category of leading vendors driving technology innovation and thought leadership. Chairman Chirag Shah commented, “Competition for the Spend Matters Almanac is very tough and requires vendors to not only be continuously innovating year on year but have a proven track record of delivery to customers with their innovative solutions. The area of Tail Spend Management is gathering huge momentum and I’m delighted that Simfoni has been able to maintain its leadership position with its Vitesse platform focusing on the automation of buying for low value and non-core expenditure.”
Simfoni’s Vitesse Tail Spend solution is a purpose-built platform blending buying automation software, vendor & pricing content and category expertise to help organizations to significantly reduce non-core expenditure, reduce the cost of managing it as well as improve the end user experience, increase transparency and reduce vendor risk.
Simfoni’s Virtuosi Analytics solution is a data analytics platform combining process automation with smart algorithms to help organizations to derive opportunities for operational improvement in the area of procurement and supply chain.
Simfoni has regional headquarters in Chicago, Dubai, London and Melbourne.