Simfoni and Kearney Join Forces to Revolutionize Tail Spend Management
Simfoni’s partnership with Kearney, backed by an $8 million investment, marks a significant advancement in tail spend management technology Simfoni Tweet In a significant move to transform tail spend management, Simfoni has secured an $8 million investment in a Series...
Revving Up Your Procurement Process Part II: Incorporating Strategic Spend Terminal into Your P2P Solution
Welcome to part two of “Revving Up Your Procurement Process.” In this segment, we will discuss the benefits of incorporating eSourcing and Spend Analytics—also known as Simfoni’s Strategic Spend Terminal (SST)— into your supplier-funded P2P solution as a tool to...
Taming the Tail: Unlocking Tail Spend Management for Procurement Success in 2023
Simfoni’s Stefan Dent takes the stage at ISM World to demystify the problem of tail spend. Simfoni.com Tweet Last week, I had the opportunity to take the stage at the ISM World Conference in Dallas, Texas, where I discussed ‘The...
Simfoni Client Named Finalist for ‘Best Initiative to Deliver Social Value Through Procurement’ Award at CIPS MENA Conference
Simfoni takes great pride in announcing its collaboration with a UAE government organization was recognized as a finalist for the esteemed title of ‘Best Initiative to Deliver Social Value Through Procurement’ at the 2023 CIPS MENA Conference. Simfoni Tweet This...
Revving Up Your Procurement Process: How Simfoni is Driving Success for Automotive Manufacturers
As the automotive manufacturing industry continues to evolve, companies are under constant pressure to optimize their supply chain operations and reduce costs. Procurement is a critical component of this process, as it enables companies to source materials and components from...
How To Build Procurement Resilience Amidst Staffing Shortages
Embracing the transformative potential of procurement technology enables teams to build new capacities for resilience amid staffing challenges Simfoni.com Tweet The most valuable resource that procurement possesses is undoubtedly its talented workforce. It is important to recognize that staffing decisions...
Beyond the Hype: Managing Our Expectations of AI in the Age of ChatGPT
“We overestimate the impact of technology in the short-term and underestimate the effect in the long run.” – Ray Amara, Stanford computer scientist Tweet Simfoni’s Chief Technology Officer Alan Buxton shares insights into expectations around the capabilities of AI and...
4 Spend Data Differentiation Strategies That Will Set Your Company Apart
Data is one of our most important assets in 2023. Companies are using data to improve their products and services, understand their customers better, and make better business decisions. However, not all data is created equal. For companies to truly...
The Power of Strategic Sourcing: How Supplier Engagement and Technology Can Boost Your Procurement Function
Procurement is no longer just about finding the cheapest price for goods and services. Instead, it’s about finding suppliers who can provide the best value for your organization. This is where strategic sourcing comes in. What is Strategic Sourcing? Strategic...
The Top Three Procurement Challenges We’re Seeing in 2023
In a world where market dynamics and supply chain management are constantly evolving, businesses must understand and keep up with the latest procurement topics and challenges. Let’s discuss the top three procurement challenges we’ve observed in 2023 and what they...
Simfoni’s David Bush and Zoya Ali Khan named 2023 ‘Pros to Know’ by Supply & Demand Chain Executive Magazine
Simfoni celebrates female leadership in procurement with SCDE recognition of Zoya Ali Khan Simfoni is pleased to announce that David Bush, CEO of Spend Automation, and Zoya Ali Kahn, Commercial Director of the UAE region have been recognized by Supply...
How AI is Solving the Biggest Challenge in Automotive Procurement
Artificial intelligence (AI) is revolutionizing the way we live and work, and the automotive industry is no exception. From self-driving cars to supply chain management, AI is transforming every aspect of the automotive industry. While most of the focus in...
3 Ways to Ensure High Quality Spend Data
High-quality spend data is essential for any business looking to optimize its procurement processes. However, achieving this can be challenging. Procurement data, and in particular indirect, or ‘tail spend,’ can be difficult to manage. If left unchecked, this can lead...
Spend Under Management Part Three: Achieving the ‘Closed-Loop’ Spend Management Model
In our previous two installments, we’ve discussed the spend-under-management (SUM) framework. Specifically, how it provides executives with a simple outcome-based model that drives the necessary organizational changes needed within the procurement function to capitalize on unrealized savings. SUM transforms what...
Simfoni Client Emaar Properties Wins 2023 ‘Digital Transformation of the Year’ Award at Middle East Procuretech Summit
This week, Emaar Properties, a world renowned multi-national real estate development company based in the UAE, joined Simfoni at the 2023 Middle East Procuretech Summit where they were awarded with the prestigious Digital Transformation Initiative of The Year Award. The...