Procurement With a Purpose – Leverage your spend to advance your organization’s CSR goals and ESG metrics
April 12, 2022The world events of the past few years have led to a titanic shift in perception about the strategic value of procurement and its role in driving a sustainable business. Investors, Boards and executives have shifted their priorities toward including...
On-Demand Webinar – Simfoni Module Showcase: Payment Terms
February 1, 2022Payment terms can have a huge impact on your bottom line, but figuring out how and how often you are paid with so much data can be a time-consuming and headache inducing burden. That’s where we come in. With Simfoni’s...
The Value of Quantitative Impact Assessments
January 24, 2022In the past decade, Corporate Social Responsibility (CSR) initiatives have become more visible within most large companies. Many businesses have already established new policies and practices to improve their impact on Environmental, Social, and Governance (ESG) externalities, as part of...
5 Tips for Getting Your Tail Spend Under Control
December 24, 2021When procurement professionals debate tail spend, they are often referring to non-strategic purchases that account for 10%-20% of an organization’s indirect spend. Large global enterprise businesses often have thousands of low throughput ‘tail’ suppliers supplying low-value purchase items, from copy...
The Uberization of Procurement Tech
December 14, 2021This article is for: CEOs, CFOs, and CPOs trying to do more with less, looking to identify and unlock hidden value in their businesses or drive digital transformation without large budgets. Topics Covered: Procurement Strategy, Immediate ROI, Consumption-based Pricing, Uberzation...
Simfoni Spend Automation Recognized as a Digital Procurement Pioneer by ProcureTech 100
November 21, 2021Simfoni just announced its inclusion in the ProcureTech 100 – a listing of enterprising digital procurement pioneers – for its leadership and expertise in Spend Automation and Tail Spend Management. Another win added to the Simfoni belt! Much like Simfoni,...
On-Demand Webinar – How to Gain Control and Save on your Indirect Spending
November 2, 2021Indirect spend is easy to overlook. Some areas can be taken for granted and seem difficult to control, but effective and innovative cost control measures can enable companies to realize significant savings. Watch a distinguished panel of Finance and Procurement...
What is Business Impact Analysis? Why and How it is Implemented?
October 27, 2021Business Impact Analysis is a method to predict the consequences of disruptions to a business and its processes or systems by collecting relevant data that can be used to develop strategies for the business to recover in the case of...
How to Quickly and Successfully Manage Indirect Spend
September 13, 2021In a recent article in Forbes “Follow the Money: Five Ways to Improve Your Bottom Line By Taking a Closer Look at Spending Habits.” Jason Stern outlined the key areas to focus on to improve profitability through Spend Management. Building...
Can companies REALLY ‘do more with less’ and still thrive?
September 7, 2021This article is for: CEOs, CFOs and CPOs trying to do more with less, looking to identify and unlock hidden value in their businesses or drive digital transformation without large budgets. Topics Covered: Procurement Strategy, Immediate ROI, Spend Analytics/Intelligence, Private...
What Is Procurement Software? Why and How it is Implemented?
June 16, 2021What Is Procurement Software? “Procurement software is a form of business software that aids an organization with systemizing its purchasing functions and overall procurement process.” Software functions comprise of issuing and assessing tenders, raising and approving purchase orders, picking and...
What is Supplier Management? Why and How it is Implemented?
May 10, 2021In Procurement, Supplier Management refers to the meticulous process of managing and improving interactions with third-party vendors that provide goods or services. This includes assessing the suppliers’ strengths and capabilities in the entire lifecycle of a supplier in an organization...
We’ve been at this for a long time. And we recognize procurement is more than just finding an item at the cheapest price. We all need to see spend differently. Responsible sourcing and sustainable procurement are not a sidebar, they are at the core of the job. And to do this job well it takes technology + humans. Simfoni is here to bring opportunity, balance, impact and control to your procurement team and process. We are here to help you see spend differently.