Why it is Important to Properly Manage Tail Spend – (Part 3)March 28, 2016
Just about every person in the business community is familiar with the Pareto Rule, also known as the 80/20 rule, i.e. that approximately 80% of a business’s sales and profits will come from approximately 20% of sales or customers. When...
Why it is Important to Properly Manage Tail Spend – Studies and Expert Opinion, Part 2: Identifying and Segmenting Tail Spend for Better ManagementMarch 14, 2016
In the first article in this series, we looked at a report from The Hackett Group This time around, we are having a look at a white paper from Accenture, titled Getting a Grip on Tail Spend, by Ralf Mägerle,...
What is Tail Spend Management and Why Does it Matter to a Business?March 3, 2016
Tail spend refers to all the unmanaged high-volume and low-value transactions that take place within an organization. Tail Spend Management Solutions by Simfoni actively manages maverick spending by consolidating 80% of suppliers who account for 20% of procurement spend and...
Simfoni announces new partnership with Spend MattersMarch 2, 2016
Simfoni, a leading provider of enterprise mobile apps for business, Analytics & Tail Spend Management Services recently announced it has formed a key partnership with Spend Matters. The Associate Sponsorship allows Simfoni to continue to position itself as a leader in the enterprise mobile application industry while allowing its clients to benefit from the industry expertise Spend Matters has to offer.
Why it is Important to Properly Manage Tail Spend. [Part 1]February 29, 2016
Why it is Important to Properly Manage Tail Spend. Part 1: Manage Your Tail Spend Better and Save Up to 10% on Purchasing Costs Over the last few years, the importance of managing tail spend has become a regular talking...
Four Things You Should Do With Spend Analytics Data : Spend Analytics SolutionsJanuary 7, 2016
Simfoni, a leading provider of Spend Analytics Solutions & Tail Spend Management & Analytics. Once you take the time to compile a full spend analytics report, there are many things you can do with the data you collected. Here are a...
The Challenges of Tail Spend Management – Why Corporate America Isn’t Managing Its Tail…and How We Can StartOctober 12, 2015
Tail Spend Management - As market share gains become harder to realize and competition drives prices down, companies are looking to cost reduction initiatives as the easiest path to increased profits.
Escaping the “pay less” cycle – Three alternate spend strategies to drive savingsSeptember 1, 2015
The article discusses three additional spend “levers” that appear straight-forward on the surface but seldom get the attention they deserve, let alone reach the point where they become ingrained in corporate spending culture.
Understanding Tail Spend – What it is, Why you care and What’s to be doneAugust 1, 2015
If you’ve been reading the procurement trade publications over the past year, you will have noticed a lot of discussion about the importance of understanding and managing tail spend in large or geographically dispersed organizations. The fact that tail spend...
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.