The Spend Matters SolutionMap is regarded as the most rigorous, data and intelligence-based assessment of procurement technology functionality in the industry, containing 500+ RFI requirements across 10 source-to-pay (S2P) modules and suite categories, and highlighting the definitive capabilities of each participating vendor. Customer feedback and analyst scoring, together, factor into the overall vendor rankings.
“We are very excited to see Simfoni retain its position as a value leader on the 2022 SolutionMap for Spend Analytics and Sourcing. While we continue to appreciate the support and recognition from industry-leading experts, like Spend Matters, having our customer’s experience weigh into these rankings makes the results even more meaningful to us. It signifies that we are continuing to deliver on our commitments to our clients, and they are receiving the value and anticipated benefits from using our solutions,” said Ron Emma, Simfoni CEO, of Strategic Spend.
This year, Simfoni has also been included in Spend Matters’ newly launched Carbon Management module for its rapid procurement technology selection tool, TechMatch. Spend Matters developed Carbon Management TechMatch to help companies identify the best-fit carbon management tool for their business, as procurement teams are under increasing pressure to reduce carbon emissions—which is a massive an often-overwhelming undertaking. Simfoni’s composable approach to procurement includes an impact assessment module, which guides companies through the process of measuring their carbon emissions and providing actionable insights to help reduce their overall footprint
Simfoni also recently made the leap from the Spend Matters “50 to Watch”, to the “50 to Know” providers list, signaling recognition of the significant growth and achievements Simfoni has earned in recent months. Simfoni was also recently recognized by Gartner in the 2022 Hype Cycle for Procurement and Sourcing Solutions, as a Sample Vendor for Tail Spend Management, Predictive Analytics, and Procurement Savings Management, and received the 2022 Gold Globee Award for Innovation and Advancement in Artificial Intelligence for Spend Analytics.