Simfoni Dominates Tail Spend Management Market—Ascends to Spend Matters ‘50 Providers to Know’ List
After six consecutive years on its ’50 Providers to Watch’ list, Spend Matters has named Simfoni to the 2022 ’50 Providers to Know’ list. This recognition from an industry expert like Spend Matters is an impressive feat for Simfoni, which...
Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You
Table of Contents It’s no secret that companies are realizing the benefits of digitizing their procurement function, particularly as teams are under increasing pressure to do more with less. The efficient management of procurement processes and workflows can be valuable...
Simfoni Finalists Announced for 2022 Future of Sourcing Awards
Simfoni is pleased to share that David Bush, CEO of Spend Automation, and Jonathan Wagner, Senior Manager of Spend Automation, have been named finalists in the SIG (Sourcing Industry Group) 2022 Future of Sourcing Awards in the individual categories of...
Simfoni Wins 2022 Gold “Employer of the Year” Stevie Award for Great Employers
Simfoni honored for cultivating a culture of connectivity, collaboration, and inclusion across a globally distributed workforce. Simfoni.com Tweet Simfoni is thrilled to announce it has been named the winner of the Gold Stevie® Award in the Employer of the Year...
Simfoni Brings Impact Assessment through Spend Analytics Model to ‘Women in Procurement’ Breakfast
It’s no secret that Environmental, Social, and Governance (ESG) considerations are now an integral part of a company’s valuation. In fact, a good name and financial success are reciprocal elements in the business valuation world. In an economy where 70...
Simfoni Named 2022 Globee Award Winner for Innovation and Advancement in Artificial Intelligence for Spend Analytics
Simfoni recognized as “Hot Company of the Year” in artificial intelligence advancement. Simfoni.com Tweet Simfoni has been named a gold medal winner in the 17th Annual 2022 Globee Awards. These prestigious global awards recognize vendors with advanced, ground-breaking products, solutions,...
Transformers: More Than Meets the Eye (in Spend Classification)
When you’re working out your procurement strategy you need the right level of data granularity. But often the data in your corporate systems is not structured in a way that is most useful for buyers. Enter Spend Classification: the process...
The Value of Quantitative Impact Assessments
In 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...
Simfoni Acquires EC Sourcing Group, Further Accelerating Growth and Momentum
Simfoni, a leader in digital procurement solutions, partners with a prominent supplier of eSourcing and award optimization solutions to create market leadership in strategic sourcing technology. Tweet Simfoni – the world’s most accessible digital procurement vendor, has started the new...
5 Tips for Getting Your Tail Spend Under Control
When 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
This 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...
What is Business Impact Analysis? Why and How it is Implemented?
Business 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
In 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?
This 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...
Simfoni Raises $15 Million in Series B Funding to Support Rapid Growth and Expansion of Next-Generation Procurement Platform
Award-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...
