ESOURCING

ESOURCING

Track, analyze and get more out of your spend before it’s on the books with eSourcing. Identify and consolidate preferred suppliers, prevent spend fragmentation at every level, improve contract terms, and much more.

BETTER SPEND MANAGEMENT STARTS AT THE SOURCE.

 

Simfoni eSourcing removes the inefficient, labor-intensive processes of traditional sourcing and replaces them with a unique combination of powerful, AI-backed technology and experienced sourcing professionals. No more problematic guesswork and manual spreadsheet analysis, time-consuming drilling through numerous spend and operations categories, or countless contract comparisons. Simfoni makes it easy to improve spend management at the source.   

As a cloud-based platform, Simfoni delivers a future-proofed, right-sizing spend management solution that puts you in control of your spend from the start. With our composable architecture, Simfoni lets you mix, match and create your perfect platform using a wide array of sourcing and spend management modules and tools. Run RFx events and combine them with any of Simfoni’s seamlessly integrated eAuction, auto-scoring, dynamic bidding, or decision support tools, all to manage, enhance and meet your organization’s unique sourcing and business goals. What’s more, Simfoni gets you up & running fast and will scale to meet your exact needs. 

SIMFONI SEE SPEND DIFFERENTLY.

eSourcing Solutions

WHY ESOURCING?

THE SINGLE SOURCE FOR ALL YOUR EVENTS

Manage, compare and analyze any request type—Sealed Bids, RFI, RFQ, RFP, RFx, and more—inside Simfoni, and connect to virtually any sourcing data source, from ERP and CRM to VMS and flat files.

AUTOMATIC ANALYSIS FOR MORE INFORMED DECISIONS

Automated and fully configurable bidder scoring and feedback lets you save time and energy from collecting and analyzing data, and helps you make the right decisions at the start of your buying process.

NEW WAYS TO COMPARE MORE POSSIBLITIES

Manage and visualize limitless variables, calculations and dimensions of sourcing events to find value quickly through AI-backed scenario navigation and sourcing initiative assessments.

FULLY CUSTOMIZABLE FOR YOUR UNIQUE NEEDS

Take advantage of our consultative approach to sourcing and procurement and deploy custom-tailored templates and reporting to quickly meet your organization's exact spend management needs.

FEATURES SPOTLIGHT

GET THE FULL SPEND PICTURE TO MAKE BETTER SOURCING DECISIONS.

Simfoni helps you enhance sourcing processes, deliver the best products and services to end-users, and lower costs at every link of the supply chain. Here’s how:

NEGOTIATION INSIGHTS

Uncover Once-hidden Savings

Simfoni’s analytics layer turns data into live visualizations and real-time metrics, instantly available on any device to drive savings in each phase of your sourcing initiatives.

PAYMENT TERM ANALYSIS

Align Stakeholders with Automated Alerts

Configure Simfoni to notify users when certain conditions are met and link corresponding activities to ensure your team and your suppliers performing at their peaks.

Use Accurate Assessments for Actionable Insights

With Simfoni, you’ll make timely assessments and take decisive action thanks to up-to-date, reliable information. That gives you insights into scenarios you hadn’t considered and new, more cost-effective ways to buy.

IMPACT ASSESSMENT

Develop Sourcing Initiatives That Matter

Simfoni eSourcing works seamlessly with our Advanced Analytics, Impact Assessment and Supplier Diversity modules to help you support your organization’s sustainability programs while realizing rapid savings.

SUPPLIER DIVERSITY

Engage with Suppliers like Never Before

Intuitive decision support tools from Simfoni let you spend more time focusing on choosing the right vendors and negotiating the best contracts for your organization. 

GUIDES

SPEND ANALYTICS 101

Learn the fundamentals of Spend Analytics, the key to understanding your spending patterns and opportunities.

CONTACT SIMFONI
Partner With Simfoni

eSourcing 101

Comprehensive Guide to eSourcing and automating sourcing processes using Simfoni.

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Learn how you can see your spend and use it to spend differently. Book a demo today!

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