Savings Management: Methods to Save More

Savings Management in procurement refers to activities related to forecasting procurement savings based on strategic sourcing plans, mapping savings to the budget, and tracking savings realization. Before you begin generating funds, you should get familiarized with several theories that comprise...

July 22, 2018

Spend Analytics

Spend Analytics’ in action and its benefits.

Spend analytics are basically focused on the improvements that are required to be made in the operational sector. Analytics is mainly the systematic data or the information that is received from that data. The hidden working that causes the big...

March 1, 2018

Savings Management

Savings management in a firm. How a savings software helps in it?

Savings management in terms of finances is termed as the forecasting or estimation of the savings on the basis of plans carried out under every activity. Every firm keeps aside a definite amount of transaction or returns which are called...

February 28, 2018

News and Events

Event – Best Practice in Analytics Roadshow – Sponsored by Simfoni

The event will include in-depth case study and sharing of best practice. It is for senior management executives to better understand what their data means and how to use it in their decision making.

December 6, 2017

News and Events

Evolving use of Technology and Analytics in Procurement and Supply Chain.

It was a great opportunity for us to bring together a collection of interesting speakers to impart their knowledge and experience of Procurement Technology in the Middle East. On an uncharacteristically rainy February evening in Dubai, we ran the second...

February 16, 2017

Spend Analysis

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

1 2 … 6 7 8