Simfoni Listed as a Sample Vendor in 2022 Gartner® Hype Cycle™ as More Companies Turn Focus to Managing Tail Spend

Earlier this year, Simfoni was recognized in Gartner Hype Cycle for Procurement and Sourcing Solutions, 2022 as a Sample Vendor for Tail Spend Solutions, Predictive Analytics, and Procurement Savings Management. According to Gartner, clients use Hype Cycles to learn about...

November 3, 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 Acquires EC Sourcing Group, Further Accelerating Growth and Momentum

Simfoni, a leader in digital procurement solutions, partners with a prominent supplier of eSourcing and award optimization solutions to create market leadership in strategic sourcing technology. Tweet Simfoni – the world’s most accessible digital procurement vendor, has started the new...

January 9, 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

Spend Analysis Tail Spend Tail Spend Management

Big Savings in Small Spend — Tales from the Tail

In the world of strategic sourcing, realizing 5 to 8% savings is considered to be impressive. After all, these are the high-spend categories and are supposedly already well-managed and frequently revisited for improvement opportunities. In contrast, when our clients work...

July 1, 2019

News and Events Procurement Technology

Simfoni is recognized for the second time at World Procurement Awards in “Best New Procurement Technology” category.

Procurement Leaders have announced the finalists for the World Procurement Awards 2019 and Simfoni has been listed for the second time as the best new procurement technology in the "Procurement Technology" Category.

March 25, 2019

Spend Analysis Tail Spend

What Exactly Is in the Tail Spend?

At a headline level, I think most procurement folks are now familiar with the concept of tail spend: the low-value spend items that are non-core but still essential to the smooth operation of an organization.

January 29, 2019

Tail Spend Analytics

How does Tail Spend Analytics work

Tail spend analytics is a concept that is recognized in the procurement departments yet seldom addressed, is at long last getting its chance in the spotlight. Tail spend is professional purchases, services that are outside the large purchases in the...

September 29, 2018

News and Events Tail Spend Management

Tail Spend Management in the Trenches: Lessons Learned and Questions Answered

Spend Matters recently hosted a webcast exploring how Owens & Minor revamped its tail spend management strategy using Simfoni, a procurement solutions provider with specialized capabilities in this area.

September 2, 2018

News and Events Spend Analysis Tail Spend Management Webinars

Tail Spend Management Webinar

Hear from Simfoni client Jean-Pierre Pinsonneault, Vice President Global Indirect Procurement at Owens & Minor about how the Fortune 500 healthcare distributor has been successfully tackling tail spend.

June 18, 2018