Spend Analytics Benefits

Spend Analytics Dashboard

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 … Read More

Spend Forecasting

Spend Forecasting is the most important tool for Procurement. Why?

Spending can have a forecast which prepares a data on how and when the spending will be done and why people would do that. It is a wise step for the procurement decision maker. Spend Forecasting is the most important … Read More

Spend Analytics

Why is Spend Analytics important?

Spend Analytics California State University has created a program on Spend Analytics and implemented it, presenting a clear sight to campuses and Chancellor’s Office to bring more savings. The California State University (CSU) previously identified billions of spend in 2011 … Read More

Spend Analysis

What is Spend Analysis?

What is Spend Analysis? Spend analysis is the process of reviewing current and historic corporate spending with the goal of identifying cost reduction opportunities, improving strategic sourcing, and reducing procurement costs. Spend analysis has three main parts: Spend Visibility– Having clean … Read More

Supplier Diversity Dashboard

Free Supplier Diversity Dashboard

Learn how Simfoni Spend Analytics can help your company support minority-owned businesses.