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...
Composable Digital Procurement Technology Drives Maximum Value Creation for Private Equity
Specialized, low-code digital procurement technology is changing the game for private equity Simfoni.com Tweet Stefan Dent, Chief Alliances Officer, and Co-Founder at Simfoni, led a discussion at the Private Equity International (PEI) Operating Partners Forum, recently held in San Francisco....
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...
What is Supplier Management? Why and How it is Implemented?
In 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
Simfoni, 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,...
What Is Vendor Risk Management? Why And How It Is Implemented?
Vendors are vital to achieving a company’s objectives because of the growing importance of contingent workers in big organizations. Depending on the size of a company, it may already be dealing with a few or perhaps hundreds of suppliers for tasks ranging from raw material and labor to fulfillment and even management. A single...