SIMFONI SPEND INTELLIGENCE
SIMFONI SPEND INTELLIGENCE
Distill and organize your complex spend data with AI-powered spend analytics. Whether your goal is finding ways to save money or full digital procurement, getting visibility into your spending trends is a great place to start. Simfoni Spend Analytics is part of our Spend Intelligence Platform that provides data management and insights into pricing, vendors, total spend, categories, and diversity, allowing you to make smart and strategic procurement changes.
FOR THE PROCUREMENT LEADERS WHO WANT TO BE PROACTIVE NOT REACTIVE.
Our AI-powered Spend Intelligence solutions quickly distill and organize your complex spend data to help you discover opportunities and savings. With real-time visibility across all categories, as well as insight to identify new opportunities and hidden savings, your x-ray goggles await.
In addition to beautiful dashboards to visualize spend, you can orchestrate the entire savings lifecycle. With modules such as Opportunity Assessment, Sourcing Pipeline, and Negotiation Insights you can create synergies throughout the entire procurement process to boost profits.
We all need to see spend differently. Responsible sourcing and sustainable procurement are not a sidebar. Our advanced analytics modules, Impact Assessment and Supplier Diversity, allow you to track, measure and take action; enabling you to support sustainability and achieve rapid savings.
Our AI technology automates the entire process saving valuable time, allowing your team to focus on cost savings and building a resilient supply chain.
SIMFONI – SEE SPEND DIFFERENTLY.
COMPOSE THE SPEND INTELLIGENCE SOLUTION YOU NEED
Select the modules you need, leave the ones you don’t.
In addition to beautiful dashboards to visualize spend, you can orchestrate the entire savings lifecycle. With modules such as Send Analytics, Opportunity Assessment, Sourcing Pipeline, and Negotiation Insights you can create synergies throughout the entire procurement process to boost profits.
Begin with clean, accurate, data by relying on AI to consolidate, sort, and convert divergent data into KPIs and metrics. The process is fast, efficient and yields quality savings insights.
Fuse AI with deep domain expertise to interrogate cross-company data and rapidly identify savings. The result? A prioritized set of specific sourcing events and initiatives in a wave plan for your procurement team to execute and achieve tangible savings.
Managing multiple procurement initiatives can make your head spin. On top of that, people are only interested in the savings. But you’ve got this. The Savings Reporting add-on module continues the savings lifecycle and tracks initiatives and reports the current and future savings.
Payment Term Analysis
Let Simfoni run the “What if” analyses to better your company’s cash flow position. Payment Term Analysis is an add-on module that tracks vendor payments and identifies places to adjust payments terms to release cash for use as working capital.
Purchase Price Variance
See the variation of prices you pay with a vendor and across vendors. Compare what you spend to real price benchmarks and expose additional savings opportunities.
The actions we take and the way we run our businesses impact our company, community, and environment. You can measure the good you are doing in the world as well as where you have opportunities to perform better. You have the data already; you just need an impact assessment system to bring it all together.
Supplier Diversity Analytics
Having supplier diversity goals is better than nothing. Analyzing the situation is better. Taking positive action and rewarding your diverse suppliers with more business is the way to show your leadership.
Conducting a Should Cost analysis is a given when sourcing new items, but what happens when you buy the same thing for months or years? With supply chain disruption from major storms, seismic events, or blocked shipping canals, price fluctuations are becoming more and more common. Should Cost provides directional guidance as to how much you should be paying based on market movements: an invaluable defence against vendor price increases.
There is always a long list of sourcing projects—active, completed, and waiting to start. Providing project and performance management for all your sourcing activity, Sourcing Pipeline is a 3-in-1 tool that will track progress, monitor performance, and store it all in one place.
Remember those x-ray Goggles? Look at all your contracts with the x-ray risk lenses. How much of your spend is covered by contracts? What are the common terms? Does any purchasing put you at risk of non-compliance? Are you exposed to vendor obligations?
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).
Book a Spend Intelligence Demo
Learn how you can see your spend and use it to spend differently. Book a demo today!