6 Strategies to Transition from a Peacetime CPO to Wartime CPO

Procurement strategies can help CPO’s make the right decisions to improve cost savings, decrease supplier risks, enhance innovation and flexibility, and heighten the influence of the procurement office throughout the company. These are times of War. Along the health front,...

May 5, 2020

News and Events Spend Analysis

Simfoni launches Spend Analytics Business Unit, Appoints Jason Stern as CEO of the Analytics and Expands US Operations to Silicon Valley

San Francisco, CA – April 28th, 2020. Simfoni Limited, a global innovator in Spend Analytics and Spend Automation, announced the appointment of Jason Stern to Chief Executive Officer Simfoni Analytics, and the opening (soon) of an additional office and moving...

April 28, 2020

News and Events Procurement Analytics Spend Analysis

Simfoni offers free mapping of your COVID-19 supply risks: Read its methodology for addressing coronavirus problems

In recent days Simfoni has developed a Covid-19 risk assessment dashboard to help its customers assess potential business impact arising from supply chain disruption. Given the acuteness of this situation we have decided to provide this dashboard on a complimentary...

March 30, 2020

News and Events Spend Analysis

Simfoni raises $3m to accelerate US expansion of its Spend Analytics and Spend Automation Platform

Simfoni, a next generation digital solutions provider for spend analytics and buying automation, today announced that it has raised $3m in Series A financing. The investment was led by BOOST&Co, a global leader in Venture Debt with support from private...

January 27, 2020

Spend Analysis Spend Analytics

What is Spend Analytics Dashboard

Spend Analytics Dashboard is an interactive dashboard that provides knowledge into an organization’s procurement activities and expenditures. It allows the organization to identify areas for cost reduction and process improvement. Additionally Spend Analytics Dashboard helps in the process of analyzing...

October 13, 2019

Procurement Analytics Procurement Dashboard Spend Analysis

How does the Simfoni Procurement Dashboard work

How do procurement dashboards help companies in any industry track KPIs, perform spend analysis, identify savings opportunities and implement cost reduction strategies to improve their business? Improve Compliance Rate The compliance rate is how completely companies fulfill their contractual agreements...

October 13, 2019

Spend Analysis Tail Spend Tail Spend Management

Big Savings in Small Spend — Tales from the Tail

In the world of strategic sourcing, realizing 5 to 8% savings is considered to be impressive. After all, these are the high-spend categories and are supposedly already well-managed and frequently revisited for improvement opportunities. In contrast, when our clients work...

July 1, 2019

Spend Analysis Spend Analytics

How To Do Spend Analysis? – The Ultimate Guide

How to do Spend Analysis Guide by Simfoni will help you reduce expenses and provide savings delivery in the long term by helping you identify all the sources available for your spend data by category and department. The Guide also...

April 8, 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

Procurement Analytics Spend Analysis

What is Predictive Analytics in Procurement? Why and how it is implemented?

What is Predictive Analytics in Procurement? Predictive Analytics in Procurement refers to the use of available spend, catalog, supplier, and materials data in order to perform analysis that determines patterns and predicts future outcomes and trends. Predictive analysis is comparatively...

February 6, 2019

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