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Great Spend Management Starts with Detailed Spend Analysis.
Learn about the benefits of Simfoni's Spend Analytics Platform.
- Easy to implement “Plug and Play” solution
- Seamless integration with current ERP system(s)
- Extensive marketplace with pre-negotiated supplier agreements
- Access to preferred service suppliers
- Simplified supplier management and single payments
- AI-driven RFP management
- Indirect requestions, approvals, catalogs, RFPs, POs, receiving, invoicing and payments
Requisitioning
• Consumer-like catalog and punchout ordering
• Guided requisitioning for goods & services
• Spot buy reduction and optimization
• Easy order tracking for frequent and occasional users
Budgeting & Approvals
• Real-time budget visibility
• Cost center, project &capital accounting
• Flexible approval chains enabled by mobile and email
Inventory Management
• Online and walk-up disbursement
• Rule-based auto-reordering
• Consignment and non-consignment inventory management
• Easy inter-crib transfers
Supplier Collaboration
• Leverage preferred pricing
• Integrated quoting, shipping, receiving, and invoicing
• Automated PO generation, blanket PO management
• EDI & cXML transactions supported
Invoice Management
• PO/flip, receipt-based, and non-PO invoicing
• Configurable 3-way match with flexible approvals
• Single Vendor Payment
Multi-location Compliance
Enterprise Integrations, Configurability & Control
Improved spend under management
Intuitive and easy to use requestion to payment system
Immediate access to an established supplier network and catalog offerings
Lower purchase costs & better financial control
Simplified supplier and transaction management
Less inventory through supplier stocking
Reduced AP complexity
"Well, it's been a good collaboration, a good partnership. They've definitely worked to supplement our ability to create clean dashboards that deliver a visual message that the client can quickly understand. And we can move past the base discussions and move more quickly into the strategic discussions, which then move into tactical discussions. It's all about finding a way to get to the heart of the matter as quickly as possible."
"We engaged with Simfoni to look at automating our tail spend. They have brought a level of transparency that the business needed to make better informed decisions. Benefits were achieved almost immediately, and the planning, targets and execution are managed on time and to the commitments made with numbers exceeding expectations."
“We think that the role of procurement has the potential to touch all parts of the organization. Digitizing our procurement was a subject that we have been considering for some time. A COVID-induced economy coupled with the need to accommodate remote working and reduced paperwork accelerated our decision to implement it. We wanted our digitized procurement to have a stronger customer focus and the necessary agility to satisfy the ever more rapidly changing customer requirements. We chose Simfoni because it was clear that they had both the global capability and the market knowledge needed to support our business.”
“We started this engagement just six weeks ago, and I could not be more pleased with the results we are already seeing. eProcurement implementations are notorious for poor levels of adoption and complications with configuration. The Simfoni system was configured and operational within the first week, and we are reaching over 80% adoption in our second month of implementation. End users love the system and find it easy to use with faster cycle times and greater choice.”
“Simfoni brings competence in procurement analytics and data architecture. This is an area that procurement organizations increasingly value, and one that is becoming a key determiner in spend analysis technology selections.”
"What I really like about Simfoni is the dashboards they can create, the flexibility, the way the system can be tailored to your requirements. We found that useful. But what I really thought was the key thing is that they also have the procurement expertise to sit down with you and look at the opportunity part.”
"It is a pleasure working with Simfoni with whom we have made tremendous progress with the roll-out of digital procurement. The flexible resource profile is helping us to keep the focus on what is important. The technology solutions are guiding us on how to prioritise as well as track the performance."
Simfoni supports the Spend Management needs of customers across the globe. Regardless of your industry or size, we have a solution to fit your specific needs.
