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Tag: Spend Analytics

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Simfoni Brings Impact Assessment through Spend Analytics Model to ‘Women in Procurement’ Breakfast

It’s no secret that Environmental, Social, and Governance (ESG) considerations are now an integral part of a company’s valuation. In fact, a good name and financial success are reciprocal elements in the business valuation world. In an economy where 70...

July 29, 2022

Simfoni Named 2022 Globee Award Winner for Innovation and Advancement in Artificial Intelligence for Spend Analytics

Simfoni recognized as “Hot Company of the Year” in artificial intelligence advancement. Simfoni has been named a gold medal winner in the 17th Annual 2022 Globee Awards. These prestigious global awards recognize vendors with advanced, ground-breaking products, solutions,...

June 8, 2022

What Is Vendor Risk Management? Why And How It Is Implemented?

Vendors are vital to achieving a company’s objectives because of the growing importance of contingent workers in big organizations. Depending on the size of a company, it may already be dealing with a few or perhaps hundreds of suppliers for tasks ranging from raw material and labor to fulfillment and even management.

February 11, 2021

Spend Forecasting is the most important tool for Procurement. Why?

Spend Forecasting is the most important tool for Procurement. 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

Simfoni Named a 2020 Spend Matters Provider to Watch

Spend Matters once again named Simfoni Analytics in its prestigious, 7th annual “50 Providers to Know/50 Providers to Watch,” list for an impressive fifth consecutive year. Spend Matters compiles the top 50 list from its Almanac containing 450+ vendor descriptions...

June 17, 2020

Simfoni launches Spend Analytics Business Unit, Appoints Jason Stern as CEO of the Analytics and Expands US Operations to Silicon Valley

San Francisco, CA – April 28th, 2020. Simfoni Limited, a global innovator in Spend Analytics and Spend Automation, announced the appointment of Jason Stern to Chief Executive Officer Simfoni Analytics, and the opening (soon) of an additional office and moving...

April 28, 2020

What is Spend Analytics Dashboard

Spend Analytics Dashboard is an interactive dashboard that provides knowledge into an organization’s procurement activities and expenditures. It allows the organization to identify areas for cost reduction and process improvement. Additionally Spend Analytics Dashboard helps in the process of analyzing...

October 13, 2019

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

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

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