Spend Automation
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Simplifying spend management for all sizes of business.
A new breed of cloud Procurement Solution with Autonomous Sourcing capabilities with time-to-value in days and ‘Pay as You Save’ pricing, the Spend Automation™ Platform has everything you need to automate, control and optimize all types of spend across your organization.
SPEND AUTOMATION
FOR MEDIUM ENTERPRISE
SPEND AUTOMATION FOR MEDIUM ENTERPRISE
Procurement may be decentralized with limited headcount and limited procurement technology. Seeking a cost effective spend solution to automate purchasing with access to on-demand specialists to optimize spend and deliver savings.
Explore Medium Enterprise Solutions
TAIL SPEND
FOR LARGE ENTERPRISE
TAIL SPEND FOR LARGE
ENTERPRISE
Centralized or centre-led Procurement team with specializations and tools to manage strategic spend. Seeking a Tail Spend technology solution to control, manage and realize savings across indirect and also lower value direct spend.
Explore Large Enterprise Solutions
Optimize All Types of Spend
We use spend analytics to segment Strategic and Tail Spend into 4 main zones: Strategic, Tactical, Marketplace and Expenses which allows us to define the optimum delivery solution for each zone.
Strategic Spend Zone
The Strategic Spend zone typically represents 60-70% of an organization’s spend, but only 5-10% of transactions and suppliers. Customers can access on-demand BuyDesk Category Expertise to manage sourcing events through the BuyDesk Sourcing Engine with additional sourcing project and savings tracking tools so that the customer can follow progress and see the results.
Tactical Spend Zone
Tactical spend comprises urgent but not necessarily important spend. Infrequent or one-off in nature, aka Spot Buys this spend consumes a lot of time and effort, dragging users away from their day jobs and detracting from higher value strategic activities, Spend Automation offers an entirely digital experience for requisitioning, sourcing to purchase order creation with user requirements bid through the BuyDesk Autonomous Sourcing Engine with preferred vendors pre-configured in Category Cards to drive out savings.
Marketplace Spend Zone
Our Marketplace offers a self-service, consumer-style purchasing experience from electronic catalogs for standard, repeatable spend as well as framework catalogs for services and contingent workforce purchasing. Customers benefit from Simfoni’s leveraged purchasing power with access to a range of preferred vendors and pre-negotiated prices for commonly purchased items with the ability for the customer to add their own custom catalogs for their existing deals.
Expenses and Pcards Zone
Expenses hide a lot of non-compliant, unnecessary and non-competed spend. Our solution includes a company Pcard and an expenses management app to control and optimize spend with flexibility for users to to fulfil local needs and for travel. Larger value expense requirements are bid through the BuyDesk platform to realize savings.
What Our Clients Have To Say
“It is a pleasure working with Simfoni with whom we have made tremendous progress with the roll-out of digital procurement. The flexible resource profile is helping us to keep the focus on what is important. The technology solutions are guiding us on how to prioritise as well as track the performance.”
“We engaged with Simfoni to look at automating our tail spend. They have brought a level of transparency that the business needed to make better informed decisions. Benefits were achieved almost immediately, and the planning, targets and execution are managed on time and to the commitments made with numbers exceeding expectations.”
What I really like about Simfoni is the dashboards they can create, the flexibility, the way the system can be tailored to your requirements. We found that useful. But what I really thought was the key thing is that they also have the procurement expertise to sit down with you and look at the opportunity part.
"Well, it's been a good collaboration, a good partnership. They've definitely worked to supplement our ability to create clean dashboards that deliver a visual message that the client can quickly understand. And we can move past the base discussions and move more quickly into the strategic discussions, which then move into tactical discussions. It's all about finding a way to get to the heart of the matter as quickly as possible."
Want to explore how the Simfoni Spend Automation platform can help get your spend under control?
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