Spend Under Management Part One: Connecting Procurement to Your Core Business

Procurement is still often seen as a non-strategic back-office function. This is because practitioners often focus too narrowly on measuring cost savings directly from sourcing initiatives and lose sight of how those initiatives impact core financial metrics—such as total cost...

February 8, 2023

Spend Management

3 Ways Machine Learning Helps Manage Spend

NOT JUST A BUZZWORD—HERE ARE 3 WAYS MACHINE LEARNING HELPS MANAGE SPEND Simfoni.com Tweet When running a successful business or organization, the bottom line is everything. That’s why classifying spend and keeping track of where the money goes after it leaves your organization’s...

February 3, 2023

Spend Management

3 Ways Proper Spend Management Can Ease Inflationary Pressures

All companies are navigating an uncertain market due to high inflation, which challenges the traditional ways companies typically seek out savings. While inflation usually eats into their bottom line, some companies see it as an opportunity to create a competitive...

January 26, 2023

News and Events

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

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

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

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

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

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