The finalists for the World Procurement Awards 2018 have been released today and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.

The World Procurement Awards are the most celebrated and sought-after awards in procurement, representing the best projects, people and organizations across the world. They reward the collective efforts of individuals and teams and are an affirmation of the hard work, innovation and dedication of those at the forefront of this dynamic global profession. Entries are judged by industry leaders and endure a rigorous three-stage process to ensure complete transparency and guarantee that the winners really are the best of the best.

Simfoni has been shortlisted in the category “Best New Procurement Technology” for its submission relating to Vitesse – the market leading innovative tail spend management solution. Tail spend (or non-core spend) management is rapidly emerging as one of the most exciting areas of procurement focus in recent years as advances in new technology – such as robotic process automation (RPA) improve organizations’ effectiveness in tackling this difficult to manage area.

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 reduce non-core expenditure, reduce the cost of managing it as well as improve user experience and increase transparency and reduce vendor risk.

The winners will be announced in London on May 17, 2018.

About Simfoni:

Simfoni is a leading technology provider for spend analytics, savings management and tail spend management. Its regional headquarters are in Chicago, Dubai, London and Melbourne. www.simfoni.com

About Procurement Leaders

Procurement Leaders is the transformation partner our members trust to accelerate their journey to superior performance, turning procurement into a critical business driver for their organisations. Visit – www.procurementleaders.com

To find out more about the World Procurement Awards, please visit: www.worldprocurementawards.com