Simfoni recognized as “Hot Company of the Year” in artificial intelligence advancement.
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, and services that are helping set the bar higher for others in all areas of technology and cyber security.
Artificial Intelligence (AI) is quickly gaining a prominent role in Simfoni’s suite of composable procurement and spend management solutions, including eSourcing, Spend Analytics, and solutions for Tail Spend management.
“We are excited to receive this recognition which serves as validation of the investments that have put Simfoni on the cutting-edge of composable procurement technology. Using AI to distill, organize, and review complex procurement data, Simfoni is helping democratize the ways companies see and manage their direct and indirect spend,” said David Bush, CEO of Spend Automation, Simfoni. “Our revolutionary technology combined with AI-enabled content and proven deep domain expertise has made Simfoni the provider of choice, helping clients to maneuver complex procurement data and processes, identify opportunities to lower costs, improve efficiencies, and achieve supply chain sustainability, vendor diversity, and strategic CSR objectives on a global scale.”
Simfoni’s recent investments in Machine Learning and AI gives their customers access to fully categorized spend data — at any level of granularity — faster, with more accuracy and less human intervention than ever before. With detailed, authentic, and up to date spend data, Simfoni customers make better data-driven decisions in support of their short and long-term strategic objectives.
More than 170 judges from around the world representing a wide spectrum of industry experts participated in the judging process. The Globee Awards are open to innovative technology organizations from all over the world and their end-users of products and services. See the complete list of 2022 winners.
