Procurement Reimagined -
Analyze & Optimize,
Source to Contract,
Requisition to PO,
Receive to Pay,
for organizations of all sizes.
Most procurement teams don’t have enough resources, or the technology, to address all strategic, tactical and transactional spend. Teams need to further digitize procurement in order to do more with less, yet, technology alone doesn’t deliver savings, or sustain results, which is why it often fails to deliver targeted ROI.
Let us Benchmark your Potential Savings
Introducing SpendAutomation
A
technology platform
with an
Integrated B2B Marketplace and BuyDesk sourcing services
Procurement that works for you
Digital workflows automate purchasing processes.
Our solution includes an integrated Marketplace with catalog content from preferred suppliers and BuyDesk sourcing services.
The platform works with any ERP or “best of breed” solution via our open architecture connections.
Simfoni is addressing this problem by fusing technology, purchasing content and sourcing services into a scalable digital+human solution.
Simfoni’s SpendAutomation solution is fully interoperable, and works with any best of breed application or ERP, breathing new life into legacy systems.
Digitized workflows create a seamless and engaging experience for users, who can now access purchasing content from preferred suppliers or even self-source quotes through a single interface.
Buyers can take advantage of tools that analyze spend, organize and execute sourcing projects and track realtime benefits.
Simfoni’s ‘Pay as You Save’ commercial model removes upfront cost barriers and scales based on use to maximize ROI – perfect for today’s volatile environment.
Time to Value
SpendAutomation is Procurement and Finance’s best friend with demand based pricing and a near instant ROI.
We have addressed the critical question of ROI by leveraging the savings gained through Marketplace purchasing and BuyDesk sourcing services to accelerate savings which funds the automation.
Manage Any Type of Spend
The solution can be focused on indirect spend, tail spend, or an organization’s entire spend - including directs. Objectives are tailored around the need to increase spend under management, automate workflows and generate savings.
SMALL TEAMS
SPECIALIZED TEAMS
The platform is configured to meet your objectives
The solution can be focused on indirect spend, tail spend, or an organization’s entire spend - including directs. Objectives are tailored around the need to increase spend under management, automate workflows and generate savings.
Analytics is used to segment spend into zones
BuyDesk sourcing services and Marketplace supports tail spend delivery, freeing resource to focus on strategic spend
Segmenting spend allows us to define the optimal delivery approach across strategic and tail spend.
Spend is benchmarked against Marketplace deals with BuyDesk delivering savings on previously unmanaged tail spend.
Spend is then routed to the appropriate buying channel
Automated workflows route purchases based on spend type and approval rules
BuyDesk sourcing services manages tail-spend and spot-buys
Higher value spend is routed to a Customer or Simfoni Category Specialist
Reimagining procurement involves addressing more spend while moving low-value tasks off the shoulders of the procurement team
- Everyday spend, like laptops, IT consumables, office supplies are purchased by users through Marketplace online catalogs at pre-negotiated prices.
- Benefit from instant savings with no time wasted on managing commodity purchases and suppliers.
- Spot-buy purchases are sourced autonomously through an automated bid process.
- Bidders are automatically added, which can include customer’s own suppliers.
- Bids are optimized with the user selecting their preferred quote with savings captured and reported in the platform.
- Safe Harbor Self-Sourcing allows non-procurement people to run their own bids using pre-approved suppliers, correct bidding processes, with system approvals within a ‘safe’, controlled environment.
- Users appreciate the flexibility to run their own bids using a smart platform.
