Great Spend Management Begins with Rich and Insightful Spend Analysis
Gain access to real-time visibility of actionable insights to help you identify new opportunities and uncover hidden savings.
Simfoni Spend Analytics distills, organizes and classifies complex spend data to help you achieve the outcomes you seek.
Identify Savings Opportunities
Uncover new savings opportunities
Empower Category Management
Inform category management & sourcing strategies
Manage Supplier Diversity
Align spend with organizational supplier diversity goals
Identify & Eliminate Wasteful Spending
Identify & control maverick spending
Simfoni Spend Analytics delivers intuitive and easy-to-use dashboards that help the user to visualize ALL spend in one location. Simfoni quickly aggregates and classifies data from all locations and data sources, and can even integrate 3rd party data to provide you with the richest, and most meaningful insights possible.
With powerful machine learning and advanced AI capabilities, Simfoni Spend Analytics transforms and supercharges the classification process – classifying thousands of records per minute – to provide you with more accurate visibility, faster than ever before.
Let’s discuss the outcomes you want to achieve, and how Simfoni Spend Analytics can help.
Opportunity Assessment
Fuse ML and deep domain expertise to interrogate spend data and rapidly identify savings opportunities. Simfoni spend analytics helps you prioritize sourcing initiatives and create savings estimates by spend category.
Benchmarking
Benchmark your data against aggregated category data sets to create meaningful savings targets, gain insight into trends, and uncover how your suppliers perform against best-in-class organizations.
Purchase Price Variance
Simfoni's PPV dashboard ensures you always have a pulse on price variations for any item across any supplier. Estimate potential savings, track prices over time, and easily detect inconsistencies across your supplier network.
P-Card Analysis
Simfoni’s P-Card dashboard is designed for better control and management of your p-card spend. With easy-to-understand reports, Simfoni helps internal stakeholders to quickly identify and manage out-of-compliance spending.
ESG Reporting & KPIs
Understand how your organization's purchasing decisions impact the world around you. With organized views of your spend data, you can begin to measure and track performance against corporate ESG and CSR initiatives.
Risk Management
Spend analytics creates transparency that goes beyond spend and cost. It can highlight supply-market exposure and associated risks, helping to highlight elements of your supply chain that could be at risk.
- Increase Opportunity Identification
- Empower Category Management
- Increase Spend Under Management
- Improve Supplier Diversity
- Identify Off-Contract Spending
- Measure Supplier Performance
- Identify & Mitigate Risk
- Inform Budgeting & Forecasting
- Create More Fiscal Accountability
- Track ESG & CSR Performance Metrics
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