Spend Analysis in 3 Easy Lessons

Spend analysis is an important sub-discipline of overall spend management and is primarily concerned with collecting, cleansing, classifying and analyzing procurement expenditure in order to find opportunities to improve purchasing efficiency and reduce an organization’s overall spend.

February 1, 2017

Spend Analysis Spend Analytics

Top 3 Reasons Why Procurement Can Immediately Benefit From Reviewing Its Approach To Spend Analytics Right Now

We are increasingly living and doing business in a data-driven environment. This trend has affected the procurement sector as much as, or in some cases even more so, than any other business activity, and has brought with it tremendous opportunities...

September 20, 2016

Spend Analysis Spend Analytics

3 Ways Using Spend Analytics will Increase Your Procurement Efficiency

Most businesses, especially those with a business model that has a substantial purchasing element, can benefit from the implementation of a spend analytics system. Spend analysis is a process in which purchasing expenditure data is collected, organized, and analyzed in...

May 5, 2016

News and Events Tail Spend

Why it is Important to Properly Manage Tail Spend. [Part 1]

Why it is Important to Properly Manage Tail Spend. Part 1: Manage Your Tail Spend Better and Save Up to 10% on Purchasing Costs Over the last few years, the importance of managing tail spend has become a regular talking...

February 29, 2016

Spend Analysis Spend Analytics

Four Things You Should Do With Spend Analytics Data : Spend Analytics Solutions

Simfoni, a leading provider of Spend Analytics Solutions & Tail Spend Management & Analytics. Once you take the time to compile a full spend analytics report, there are many things you can do with the data you collected. Here are a...

January 7, 2016

Savings Management Spend Analysis

Escaping the “pay less” cycle – Three alternate spend strategies to drive savings

The article discusses three additional spend “levers” that appear straight-forward on the surface but seldom get the attention they deserve, let alone reach the point where they become ingrained in corporate spending culture.

September 1, 2015

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