SIMFONI SPEND MANAGEMENT
SIMFONI SPEND MANAGEMENT
We know you need to unlock value in your spend with suppliers and automate purchasing processes. Our AI-powered Spend Intelligence solution quickly distills and organizes complex spend data to help you discover opportunities and savings. Our on-demand Spend Automation solution gets you up and running in days to execute on these opportunities. We take the headache out of procurement with an automated, fluid platform that offers a unique Pay-As-You-Save pricing model and zero upfront costs.
BOTTOM LINE SAVINGS
From analysis to execution, insights help you save more.
Start your analysis with clean, accurate, rich data and pinpoint when and where you can save the most. Then set up your initiatives and measure how they perform. We call it the Savings Lifecycle and many companies only do half of it—running initiatives and reporting on them. To have the biggest impact on your bottom line, first understand and analyze your current spend. Spend Intelligence pulls data in from anywhere and uses its AI-brain to sort it all out.
ENVIRONMENT, SOCIAL, GOVERNANCE, AND DIVERSITY IMPACT
Behind and beyond the dollars.
Environmental, social, and supplier diversity goals are increasingly important and maddeningly hard to measure. With Simfoni Spend Intelligence, ESG and diversity initiatives can be regularly measured and reported on. You can also track your suppliers’ performance on the same metrics to visualize your deeper impact.
CONTRACT NEGOTIATION AND MANAGEMENT
Are your contracts on paper, a PDF, or in a database?
Simfoni views contract as a rich source of data that when combined with your purchasing information and enriched with purchase price benchmarks, becomes a treasure trove of information to negotiate better deals and contract terms.
Engaged vendors are better suppliers and partners.
Manual RFx processes limit the number of vendors quoted due to the sheer volume of moving pieces. Spend Automation help you interact with more vendors on sourcing events without dropping the ball. From vendor self-registration to automated RFPs and RFQs, including auction events, to contract storage, the sourcing process becomes smoother and faster than ever.
Democratized purchasing from preferred vendors saves everyone time.
No one likes filling out (or processing) expense forms, especially for low-cost items like office and cleaning supplies. With Simfoni Order Management anyone can be authorized to buy through catalogs via the Simfoni Marketplace with employees able to run their own sourcing events with approved vendors within a controlled environment.
What if you only had to pay one vendor?
Bills and invoices can arrive via email, snail mail, and (hopefully not) fax making them easy to get lost before payment. The Simfoni Invoice Portal can capture all these documents and figure out when and how much to pay to each one of them. Looking for a truly frictionless solution / With Simfoni One Invoice you pay Simfoni and Simfoni pays all your suppliers reducing the huge accounts payable headache.
PAY AS YOU SAVE PRICING (PAYS)
Self-funded software enables cost-effective digital procurement transformation.
Simfoni’s unique Pay-as-You-Save (PAYS) commercial model allows you to transform procurement using technology funded through savings. You get access to the Autonomous buying software, Marketplace content, and BuyDesk services, for zero upfront costs. Period. As you save and optimize spend with our tools, we charge a percentage of your spending activity or your realized savings.
Simfoni's SOC2 compliant platform is built using the top trusted technologies in the world. You can trust us to scale to support your business needs because we have the right solutions backing your business, day in and day out. We always select the highest degree of quality when it comes to technology to support your business.
Whether it be our visualizations through Microsoft Power BI or our cloud based security with AWS, we have the best possible solutions in the market to keep your data secure and to provide you with the best presentation possible.
SPEND ANALYTICS 101
Learn the fundamentals of Spend Analytics, the key to understanding your spending patterns and opportunities.
IMPACT ASSESSMENT 101
Learn how the decisions you make impact environmental, social, and governance (ESG).