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Simfoni

FOUNDED : 2015

LOCATION : US & Canada, US

TEAM SIZE : 51-200

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Series B

TOTAL FUNDING RAISED ($m) : $18

Core Functionality
Spend Analytics
Description

Simfoni provides spend analytics and spend automation products to global enterprises.

The Simfoni platform utilises machine learning and artificial intelligence to accelerate and automate key aspects of the procurement process.

The AI-powered Spend Analytics platform distils and organises your complex spend data, giving you real-time visibility into your spending trends across all categories,vendors, total spend, categories, and diversity. It aims to deliver insights that pinpoint hidden savings and allow you to make smart, strategic procurement changes.

Meanwhile, Simfoni’s Spend Management platform delivers autonomous buying, vendor engagement, invoice automation and advanced analytics. Additionally, Order Management customers get immediate access to Simfoni’s purchasing power and pre-negotiated marketplace deals.

The platform seeks to remove barriers to entry and prioritises accessibility – offering rapid deployment, zero upfront costs and a unique Pay-As-You-Save pricing model..

Simfoni works with its customers and the wider vendor community to improve vendor diversity and achieve strategic corporate social responsibility objectives.

Podcast episode with Simfoni:

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