##### Category: Spend Forecasting

[By Simfoni](/content/author/wordjack/ "By Simfoni"/index.html)

#### [Spend Forecasting is the most important tool for Procurement. Why?](/content/spend-forecasting/spend-forecasting-is-the-most-important-tool-for-procurement-why/index.html)

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](/content/spend-forecasting/spend-forecasting-is-the-most-important-tool-for-procurement-why/index.html)

[By Simfoni](/content/author/wordjack/ "By Simfoni"/index.html)

#### [Challenges organizations have to face while implementing Spend Analytics](/content/spend-analysis/challenges-organizations-have-to-face-while-implementing-spend-analytics/index.html)

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](/content/spend-analysis/challenges-organizations-have-to-face-while-implementing-spend-analytics/index.html)

[By Simfoni](/content/author/wordjack/ "By Simfoni"/index.html)

#### [Does Tail Spend Really Matter?](/content/spend-forecasting/does-tail-spend-really-matter/index.html)

The generally accepted definition of “tail spend” is the bottom 20% of purchases made by an organization (by value, volume, or both). The Pareto rule is also usually applied to tail spend in regard to suppliers, i.e. tail spend purchases...

[June 30, 2017](/content/spend-forecasting/does-tail-spend-really-matter/index.html)