Spend Forecasting is the most important tool for Procurement. Why? Simfoni’s Spend forecasting software combines the analysis of historical data with progressive prediction processes and business intelligence from several sources. Easily predict future profitability and create a forward-looking view on … Read More
Spend Management
How To Do Spend Analysis? – The Ultimate Guide
How to do Spend Analysis Guide by Simfoni will help you reduce expenses and provide savings delivery in the long term by helping you identify all the sources available for your spend data by category and department. The Guide also … Read More
What is Spend Management? Why and How it is Implemented?
What is Spend Management? Spend management means managing organization expenditure through processes starting Demand Identification and Spend Analysis to Sourcing and Order Management, for both direct and indirect spend categories. A robust Spend Management includes the use of best in … Read More
What is Spend Analytics? Why and how it is implemented?
What is Spend Analytics? Spend Analytics is the discipline of collecting, processing, and analyzing procurement data. Spend analysis uncovers business buying patterns through an in-depth review of procurement data. Organizations use these to manage their suppliers, to track procurement performance, … Read More
The 4C approach that can improve your spend analysis
Organizations need to have a full view of its functions in order to transform for the better. Procurement requires the control and hold of the total spend done by the different departments. Since the organization has multiple ERPs for different … Read More
Challenges organizations have to face while implementing Spend Analytics
Spend analytics should be a crucial part of any procurement strategy but implementing spend analytics in the strategy is not easy. It calls for a great deal of effort to make spend analytics a part of the organization. The economic … Read More
How Serco Has Used Spend Data to Generate Business Value
Spend data is a gold mine of valuable information for improving the procurement process as well as driving enterprise-wide decision-making. FTSE 100 services provider Serco learned this first hand when it engaged Simfoni, a provider of spend analytics tools, to change the way it gathered, presented and analyzed its data. … Read More
What are the benefits of Spend Analytics for a company.
Spend Analytics is the analysis of the amount that the company spends for the management of the products and services. There are many companies that are spending a decent amount of money only to assure that they will provide their … Read More
What is the importance of Spend Analysis
Spend analytics can deliver big benefits to any corporate organization. Spend analytics can help in gaining visibility to the spend data. It can help to dive deep and track the metrics of procurement performance to provide some actionable insights that … Read More
ROI, Today: Making the Near-Term Business Case for Spend Analytics
Most varieties of procurement software deliver some form of return on investment. Whether it’s an e-procurement system that consolidates process costs or a sourcing tool that optimizes supplier selection, successful vendors can always point to clear ways their solutions deliver … Read More
