The Uberization of Procurement Tech

This article is for: CEOs, CFOs, and CPOs trying to do more with less, looking to identify and unlock hidden value in their businesses or drive digital transformation without large budgets. Topics Covered: Procurement Strategy, Immediate ROI, Consumption-based Pricing, Uberzation...

December 14, 2021

Procurement Strategy

Can companies REALLY ‘do more with less’ and still thrive?

This article is for: CEOs, CFOs and CPOs trying to do more with less, looking to identify and unlock hidden value in their businesses or drive digital transformation without large budgets. Topics Covered: Procurement Strategy, Immediate ROI, Spend Analytics/Intelligence, Private...

September 7, 2021

Procurement Analytics

What is Sustainable Procurement and Why it is Important for Businesses?

Environmental, Social, and Governance (ESG) responsibility has rapidly scaled the list of corporate priorities in recent years, and for good reason. Sustainable and socially conscious procurement practices are beneficial for the environment and society, but also directly benefit the business...

February 8, 2021

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

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

News and Events

Simfoni recognized at World Procurement Awards in “Best New Procurement Technology” category

The finalists for the World Procurement Awards 2018 have been released today and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.

March 25, 2018

News and Events Procurement Technology Spend Analysis

Why has Simfoni been nominated for a Best Procurement Technology Award?

The finalists for the World Procurement Awards 2018 were released this week and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.

March 20, 2018

Spend Analysis Tail Spend

What Does Well-Managed Tail Spend Look Like?

In our previous post, we discussed why tail spend is important, as well as the negative impact poorly managed tail spend can have on an organisation. Obviously, a well-controlled procurement “tail” is important and will have a beneficial effect on...

August 18, 2017

Procurement Technology Spend Analysis

Enterprise Mobile Apps Will Play an Important Role in Business Development Over the Next Few Years

Enterprise Mobile Apps Will Play an Important Role in Procurement Spend Analytics We are now living in a world where technology, especially mobile technology, has fundamentally changed the way people live, entertain themselves, work, and conduct businesses. It seems as...

July 7, 2016