Lost savings and pain from ineffective analog purchasing is a major problem for many organizations. However, optimizing spend is critically important with up to 80% of revenue spent with suppliers.
Spend on direct materials may be controlled, but ‘tail spend’ such as Office Products, MRO, IT, Facilities, Telecoms and Marketing is often unaddressed as it can be difficult to control due to localized purchasing processes and limited reporting capabilities.
Simfoni has addressed this problem with a turn-key, composable spend management solution for tail spend.
Download the Quick Guide now to learn how to boost earnings and savings in just days with a complete tail spend solution.
