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

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

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

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

Spend Analytics

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,...

February 7, 2019

Spend Analysis Spend Analytics

The 4C Approach That Can Improve Your Spend Analysis

Spend analysis is the procurement strategy process of reviewing current and historical expenses. The aim of this strategy is to reduce costs, improve strategic procurement, and increase the efficiency of spending management. Spend analysis requires spending data processed into KPIs and...

December 2, 2018

Spend Analysis Spend Analytics Spend Forecasting

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...

December 2, 2018

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