Tech-Driven Sustainability: Simfoni’s Impact Assessment Tool Paves the Way to Real Value

Companies are increasingly recognizing the importance of sustainable and socially conscious procurement practices, not only for the environment and society but also for their own long-term success. It’s not just about being ethical; it’s about staying competitive and enhancing brand...

September 6, 2023

Procurement Technology

The Power of Deglobalization: Realizing the Benefits and Navigating the Challenges with Procurement Technology

In an era marked by unprecedented global challenges, organizations are compelled to reassess their supply chain strategies. The concept of deglobalization has emerged as a powerful response to these dynamics, aiming to protect supply sources and bolster resilience. In this...

August 30, 2023

Procurement Technology

Revving Up Your Procurement Process Part II: Incorporating Strategic Spend Terminal into Your P2P Solution

Welcome to part two of “Revving Up Your Procurement Process.” In this segment, we will discuss the benefits of incorporating eSourcing and Spend Analytics—also known as Simfoni’s Strategic Spend Terminal (SST)— into your supplier-funded P2P solution as a tool to...

May 26, 2023

Procurement Technology

Revving Up Your Procurement Process: How Simfoni is Driving Success for Automotive Manufacturers

As the automotive manufacturing industry continues to evolve, companies are under constant pressure to optimize their supply chain operations and reduce costs. Procurement is a critical component of this process, as it enables companies to source materials and components from...

May 3, 2023

Engineering Procurement Technology

Beyond the Hype: Managing Our Expectations of AI in the Age of ChatGPT

“We overestimate the impact of technology in the short-term and underestimate the effect in the long run.” – Ray Amara, Stanford computer scientist Tweet Simfoni’s Chief Technology Officer Alan Buxton shares insights into expectations around the capabilities of AI and...

April 18, 2023

Procurement Technology

How AI is Solving the Biggest Challenge in Automotive Procurement

Artificial intelligence (AI) is revolutionizing the way we live and work, and the automotive industry is no exception. From self-driving cars to supply chain management, AI is transforming every aspect of the automotive industry. While most of the focus in...

March 15, 2023

Procurement Technology

Composable Digital Procurement Technology Drives Maximum Value Creation for Private Equity

Specialized, low-code digital procurement technology is changing the game for private equity Simfoni.com Tweet Stefan Dent, Chief Alliances Officer, and Co-Founder at Simfoni, led a discussion at the Private Equity International (PEI) Operating Partners Forum, recently held in San Francisco....

July 18, 2022

Procurement Technology

The Uberization of Procurement Tech

This article is for: CEOs, CFOs, and CPOs trying to do more with less, looking to identify and unlock hidden value in their businesses or drive digital transformation without large budgets. Topics Covered: Procurement Strategy, Immediate ROI, Consumption-based Pricing, Uberzation...

December 14, 2021

Procurement Analytics Procurement Technology

Mid-Market Procurement — The Pitfalls of Current Approaches

Mid-market companies are at a significant disadvantage when compared to larger corporations — a key finding from Simfoni’s analysis of its customers’ procurement and savings delivery capabilities in mid-market companies. It’s OK to obsess about top-line growth, but what lies beneath...

July 1, 2019

News and Events Procurement Technology Spend Analysis

Simfoni Named a 2019 Spend Matters Provider to Watch

The recognition highlights the innovation Simfoni has been able to bring to the procurement space. Vitesse and Sourceforce, underpinned by Virtuosi are category-defining products, loved by its users for the efficiency and cost improvement it brings.

April 8, 2019

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