Simfoni Acquires Xeeva, Leader in Indirect Spend Management Solutions

Acquisition places Simfoni in the ‘Global Top 10’ for AI-driven Spend Management solutions Simfoni is thrilled to announce it has joined forces with Michigan-based Xeeva, a fellow leader in AI-powered spend management and procurement technology solutions. This is Simfoni’s second...

November 28, 2022

Simfoni Retains Value Leader Position in Fall 2022 Spend Matters SolutionMap

News and Events

Simfoni Retains Value Leader Position in Fall 2022 Spend Matters SolutionMap

Simfoni is pleased to announce it has once again been named as a Value Leader in the Fall 2022 Spend Matters Solution Map in the categories of Spend Analytics and Sourcing, for the seventh consecutive year in these respective areas. ...

November 17, 2022

Simfoni Dominates Tail Spend Management Market—Ascends to Spend Matters ‘50 Providers to Know’ List

News and Events Tail Spend

Simfoni Dominates Tail Spend Management Market—Ascends to Spend Matters ‘50 Providers to Know’ List

After six consecutive years on its ’50 Providers to Watch’ list, Spend Matters has named Simfoni to the 2022 ’50 Providers to Know’ list. This recognition from an industry expert like Spend Matters is an impressive feat for Simfoni, which...

October 20, 2022

Simfoni Retains Position as Value Leader on 2022 Spend Matters SolutionMap and Expands Machine Learning & Artificial Intelligence Capabilities

News and Events

Simfoni Retains Position as Value Leader on 2022 Spend Matters SolutionMap and Expands Machine Learning & Artificial Intelligence Capabilities

Simfoni is pleased to announce it has once again been named a Value Leader on the 2022 Spend Matters Solution Map for Spend Analytics and Sourcing. This honor builds upon a series of strategic engineering and technology investments to accelerate...

June 2, 2022

Tail Spend

5 Tips for Getting Your Tail Spend Under Control

When procurement professionals debate tail spend, they are often referring to non-strategic purchases that account for 10%-20% of an organization’s indirect spend. Large global enterprise businesses often have thousands of low throughput ‘tail’ suppliers supplying low-value purchase items, from copy...

December 24, 2021

Simfoni Named Leader in Spend Analytics, Launches New Product Capabilities

News and Events

Simfoni Named Leader in Spend Analytics, Launches New Product Capabilities

Today, Simfoni has been named a leader by Spend Matters for Spend Analytics in the Fall 2021 Spend Matters SolutionMap. Simfoni is a next-generation digital solutions provider for procurement intelligence and spend automation, and news like this comes as no...

November 2, 2021

How to Quickly and Successfully Manage Indirect Spend

Spend Management

How to Quickly and Successfully Manage Indirect Spend

In a recent article in Forbes “Follow the Money: Five Ways to Improve Your Bottom Line By Taking a Closer Look at Spending Habits.” Jason Stern outlined the key areas to focus on to improve profitability through Spend Management. Building...

September 13, 2021

Spend Forecasting

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

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...

November 4, 2020

How To Do Spend Analysis? – The Ultimate Guide

Spend Analysis Spend Analytics

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...

April 8, 2019

Spend Management

What is Spend Management? Why and How it is Implemented?

What is Spend Management? Why and How it is Implemented? 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...

February 7, 2019

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