Why a Marketplace Model is a Key Part of a Tail Spend Solution
For many procurement organizations, catalogs have become the default way to manage indirect spend. It’s easy to see why. Catalogs offer a simple way to manage recurring, low-value purchases. By grouping previously sourced categories and commonly requested items into a...
Tail Spend Technology is Not Just Available, Its On-Demand
Procurement has firmly entered the tail spend era, and with necessary tools now available to tackle this persistent purchasing problem, supply organizations are finally consolidating costs, cracking down on unauthorized spend and clawing back lost time to deliver real value...
Technology to Solve Procurement’s Persistent Tail Spend Problem is Available.
Tail spend frustrates many procurement groups. It’s messy, it’s complex and it’s time-consuming to tackle. Inking big deals and keeping stakeholders happy seem like far better priorities for the typical category manager, since that’s how he can turn executive heads...
Simfoni recognized as a leading vendor for 3rd year in succession
The Spend Matters 2018 Almanac has been released today and Simfoni is delighted to announce that – for the 3rd year in succession – it has been recognized in the “Top 50 to Watch” category amongst leading technology vendors in...
Simfoni’s ‘Virtuosi’ Analytics Recognized as a leader by Spend Matters
We are delighted that Spend Matters have recognized Virtuosi™ Analytics as a Leader in their latest assessment report on spend analytics. Spend Matters assesses solutions on two primary axes; an Analyst score derived from an in-depth technical review of the...
Simfoni recognized at World Procurement Awards in “Best New Procurement Technology” category
The finalists for the World Procurement Awards 2018 have been released today and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.
Why has Simfoni been nominated for a Best Procurement Technology Award?
The finalists for the World Procurement Awards 2018 were released this week and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.
Tail Spend is too good to be true – and that’s a problem!
Simfoni manages tail spend for clients all over the world and across many different industries. But regardless of geography or sector, I have gained 2 important insights that are vastly out of sync with the common theory about tail spend;...
Spend Analytics’ in action and its benefits.
Spend analytics are basically focused on the improvements that are required to be made in the operational sector. Analytics is mainly the systematic data or the information that is received from that data. The hidden working that causes the big...
Savings management in a firm. How a savings software helps in it?
Savings management in terms of finances is termed as the forecasting or estimation of the savings on the basis of plans carried out under every activity. Every firm keeps aside a definite amount of transaction or returns which are called...
Tail Spend Management for the financial progress
Tail spend management is necessary for any firm to improve its financial performance. It is the spend made that is not included in all the categories of spend, rather few that impacts its performance in respect of the finances. Suppliers...
Tail Spend Solutions’ hand in boosting savings
What are Tail Spend Solutions? :- Tail Spend Solutions is a blend of sourcing network, expertise and technology. It is a complete solution package for the problems related to the management section.
Tail Spend Software and its working
Tail Spend Software is useful software for the management of Tail Spend in Porcurement / Sourcing or Supply Chain (Tail Spend Solutions). It is a useful tool for the management of low value spend / purchases in a organization. Simfoni...
Why Mid-Size Companies Need On-Demand Solutions to Conquer Tail Spend
Procurement has firmly entered the tail spend era, and with necessary tools now available to tackle this persistent purchasing problem, supply organizations are finally consolidating costs, cracking down on unauthorized spend and clawing back lost time to deliver real value to...
Supply Chain Visibility starts here! – Savings Management
When we talk about Supply Chain visibility, you may be thinking about some complex data analysis tools, methods, visualization or even insights. No, in this article, we are talking about something even more fundamental, the classification of products or services...