ProcureCon Indirect West 2023, San Diego
Schedule time with us at the event! We would LOVE to connect with you and your team to learn about your challenges and objectives for 2023 and how we can help. Schedule time to meet with us at the event...
Tag: Tail Spend
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...
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...
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...
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...
Simfoni Spend Automation Recognized as a Digital Procurement Pioneer by ProcureTech 100
Simfoni just announced its inclusion in the ProcureTech 100 – a listing of enterprising digital procurement pioneers – for its leadership and expertise in Spend Automation and Tail Spend Management. Another win added to the Simfoni belt! Much like Simfoni,...
On-Demand Webinar – How to Gain Control and Save on your Indirect Spending
Indirect spend is easy to overlook. Some areas can be taken for granted and seem difficult to control, but effective and innovative cost control measures can enable companies to realize significant savings. Watch a distinguished panel of Finance and Procurement...
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...
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.
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.