Maximize Spend Value
with Closed Loop Procurement Technology
Simfoni Strategic Spend Terminal enables discovery, planning, and execution for
robust opportunity identification and seamless value creation
Simfoni’s Strategic Spend Terminal bridges the gap between spend visibility and sourcing project planning and execution.
With an intuitive interface, users can easily identify, track, and execute strategic savings initiatives, putting a spotlight on procurement's strategic value and impact to the business.
Comprehensive Spend Management
Capture total value creation by addressing ALL of your business spend
Accelerate Speed to Value
Automate data extraction & classification with AI and Machine Learning capabilities
Automatically Monitor for Opportunities
Sourcing pipeline that builds itself, targeting value-rich opportunities for your team to pursue
Streamline Your End-to-end Process
Digitally alleviate friction and delays. Empower your team with the tools necessary to streamline procurement
Simfoni’s Strategic Spend Terminal is a comprehensive toolkit designed to accelerate and streamline the journey from opportunity identification to savings realization.
Every spend update serves as a catalyst for new value, with spend and supplier data being analyzed for potential sourcing projects which are then added to the pipeline.
With the flexibility to provide or integrate with P2P and CLM capabilities, the total impact of a Strategic Spend Terminal is substantially greater than the sum of its parts.
Let’s discuss the benefits of achieving a ‘closed loop’ and how Simfoni SST can help.
Discover Value
Pinpoint changes in price and non-price factors to highlight the most immediate opportunities for value and swiftly add them to the plan.
Plan Strategically
Load and track opportunities via a pipeline that helps procurement prioritize and focus resources on the most immediate value.
Execute Seamlessly
Leverage supplier data, spend data, pricing, and product/service specifications, to fuel eSourcing projects that deliver optimal savings.
Visibility Driven Compliance
Build and maintain one ‘top down’ source from aggregated supplier and spend data, to minimize third-party risk exposure.
Transcend Rules-based Spend Categorization
Don’t allow common business changes to impact spend visibility. Leverage deep AI and ML capabilities to automate spend classification.
Supplier Diversity
Address ESG-related business objectives through spend reporting and eSourcing, connecting vision with action for maximum quantifiable impact.
- Increase Opportunity Identification
- Empower Category Management
- Increase Spend Under Management
- Improve Supplier Diversity
- Reduce procurement costs
- Negotiate Better Pricing
- Automate Procurement Processes
- Enable Savings Tracking
- Improve Supplier Relationships
- Improve Spend Visibility
- Track ESG Performance Metrics
- Create a Sourcing Pipeline
Spend Analytics
