SIMFONI BLOG
Simfoni Raises $15 Million in Series B Funding to Support Rapid Growth and Expansion of Next-Generation Procurement Platform
July 22, 2021Award-Winning Platform Fuses Data, Technology, Content and Services Simfoni, the next-generation digital solutions provider for Spend Intelligence and Spend Automation, today announced that it has raised a total of $15 million in Series B funding led by Peakspan Capital. With this...
Webinar – Impact Assessment Made Easy: 6 Steps to Getting Your 2021 Footprint on Record
June 17, 2021We believe “Knowing” is the 1st step to changing! The 30+15-minute webinar will cover the following topics: To changing the way, we see a firm performance What is an Impact assessment? How does ESG rating compare to a quantitative approach?...
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...
Simfoni Expands Leadership Team with Proven Leaders
June 1, 2021Simfoni Sets new highs in customer acquisition and revenue growth for its Spend Analysis and Automation Platform San Francisco, CA – June 2, 2021 – Simfoni,  the next-generation digital solutions provider for procurement analytics and spend automation, today announced two...
Simfoni Wins Procurement Award From World-Renowned CIPS Awards
May 17, 2021Simfoni took home the prestigious award for ‘Best Procurement Consultancy’ for a complex Spend Analytics Project during the CIPS Middle East Supply Management Awards 2021 which was hosted virtually on Tuesday 9th February and moderated by Sam Achampong, Head of...
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...
Simfoni Announces Achievement of SOC 2 Type I Certification, Boosting Its Commitment to Security
May 3, 2021Simfoni, a global innovator in Spend Analytics and Spend Management, proudly announces today it has completed its Service Organization Control (SOC) 2 Type 1 examination. The audit was conducted by Assure Professional, a leading cybersecurity, assurance, and compliance solutions provider,...
Simfoni teams up with Gulftainer for companies overall Digital Procurement Transformation
April 26, 2021Gulftainer announced on Thursday 15th April 2021 that it had selected Simfoni for the execution of a Digital Procurement Transformation of its business. The leading port operator has port operations and associated logistics activities across the UAE, KSA, Iraq, and...
Webinar – Raw Material Prices Exploding
March 11, 2021On March 18th, the engine that powers Simfoni’s Negotiation Insights tool, What’s the Price, will be hosting a free webinar discussing how to defend against price increases from suppliers as economies continue to get back up to speed and materials...
Product Cost Management Expert Eric Hiller Appointed Managing Director of What’s the Price USA
January 24, 2021Simfoni Limited, a global innovator in Spend Analytics and Spend Automation, announces the appointment of Eric Hiller as Managing Director of its What’s the Price (WTP) USA division, following its partnership with Buynamics, the leading negotiation insight software vendor. As part of...
Simfoni and Supplier.io enter into strategic partnership for Vendor Diversity Analytics.
December 13, 2020Simfoni, a next generation digital solutions provider for procurement analytics and spend automation, and supplier.io, a pioneer in the field of supplier diversity tracking, today announced a strategic partnership to bring Supplier Diversity Analysis in Simfoni to the US market....
What is Purchase Price Variance? Why and How is it Calculated (PPV)?
December 2, 2020In Procurement, Purchase Price Variance (PPV) is the difference between the standard price of a purchased material and its actual price. In Short, Purchase Price Variance = (Actual price – Standard price) x Quantity purchased. What is Purchase Price Variance...
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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.
