The Spend Matters 2019 Almanac has been released today and Simfoni is delighted to announce that – for the 4th year in succession – it has been recognized in the “Top 50 to Watch” category amongst leading technology vendors in the eProcurement sector.
The Spend Matters Almanac is truly the Who’s Who of technology companies in the procurement industry and, for many, the Top 50 to Watch offers a selection of the up and coming players that offer potentially the most disruptive solutions for the next era of Procurement innovation.
Simfoni, with its Analytics and Tail Spend Management suite of products, has once again been shortlisted in the category of leading vendors driving technology innovation and thought leadership. Chairman Chirag Shah commented, “I am delighted that Simfoni has yet again been featured on the list of top 50 procurement technology vendors to watch by Spend Matters. Procurement technology is a highly competitive and mature space with 100s of providers trying to solve complex problems in this space. Being able to consistently make it to the list is a true testimony of our continued contribution in terms of innovation and deep industry expertise. Our technology platforms Virtuosi™ – a holistic analytics technology platform, Vitesse™– a pioneer in the field of Tail Spend Management – and Sourceforce, a Savings and Project Management suite, all lead the field in their respective emerging market segments.
I give credit to the fantastic team at Simfoni whose continuous improvement mindset and strive for perfection is instrumental in developing these category-defining products and earning such recognition from Spend Matters. I am also grateful to our wonderful customers who have always trusted our solutions to deliver productivity improvements in their organizations.”
Read More – 6 Ways to Support Supplier Diversity by Increasing Supplier Spend to Minority-owned, Diverse and Small Businesses.
The Almanac listing comes hot off the heels from Simfoni’s inclusion as a leader in the Spend Matters Solution Map for Spend Analytics published in March 2019 and Simfoni’s recognition in Procurement Leaders Awards for Best New Procurement Technology 2019.
About Simfoni Group: –
Simfoni delivers next-generation digital transformation through spend analytics & buying automation. Simfoni’s mission is to combine Technology, Content, and Enablement Services that work seamlessly to drive operational improvement and unparalleled savings.
Solutions: –
Analytics: – Simfoni offers a new breed of Machine Learning enabled Spend Analytics; Virtuosi™ which is built for procurement professionals by procurement professionals. our proprietary analytics platform helps organizations gain insights from their data, unearth savings using machine learning & interactive visualizations. Request a demo: https://simfoni.com/demo/
Tail Spend Management: – Vitesse™ tail spend management solutions features a powerful combination of technology, expertise & sourcing network. Using predictive buying algorithms, Vitesse has delivered up to 23% in savings and over 30% in supplier reduction to its clients. Our guided buying module which includes marketplace consists of pre-negotiated deals on a vast range of categories and listed suppliers. We help our clients go from a long, non-addressed tail spend to a compressed, well negotiated, and managed spend; reducing suppliers and transactions, improving savings, and eliminating risks.
Savings Management: – Sourceforce App helps you transform the way you plan, manage, and report your procurement savings. Sourceforce App has built-in analytics & reporting functionality for Procurement Project Management & Savings Tracking. With a push of a button, you can clone projects, save them as templates, and collaborate with your team. Learn how Sourceforce helps you track & deliver savings when it matters the most.
Simfoni teams are located globally. Let us know more about your requirements and we can usually arrange a demo of our platform within 24 hours. To learn more, visit Simfoni.com
