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Description

Oversee all spending sources across various categories to achieve a cohesive financial overview. SAP's spend management solutions empower you to make rapid and informed decisions that propel your business forward. This includes both direct and indirect expenditures, as well as external services and contingent labor, travel, and expenses. Transitioning from conventional, fragmented methods of spend management to a more intelligent approach can yield significant results, beginning with efficient invoice processing. By digitizing and streamlining your entire source-to-pay processes, you can better control spending on both direct and indirect materials, uncover new savings opportunities, and foster a robust supply chain. Additionally, effectively managing your external workforce and service providers throughout their entire lifecycle involves everything from onboarding and invoicing to monitoring milestones, project delivery, and ensuring secure off-boarding and quality assessments. Furthermore, you can easily capture and aggregate travel and expense data from nearly any transaction, enhancing your overall financial insights and decision-making capabilities. This comprehensive approach not only simplifies processes but also drives long-term operational excellence.

Description

AI-powered analytics can help you organize and distill your complex data. Visibility into your spending patterns is a great way to start, whether you are looking for ways to save money or to go digital. Simfoni Spend Analytics, part of our Spend Intelligence Platform, provides data management and insights about pricing, vendors, total spending, categories, and diversification, allowing for smart and strategic procurement. A user-friendly eSourcing solution that offers advanced automation, unique insights and helps users to identify the best award decisions for suppliers in less time. eSourcing offers significant cost savings to procurement teams. Save time, increase efficiency, and reduce the time required to award a new contract. Collect all the information you need in order to make more informed decisions about your suppliers.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

SAP Ariba Yes 
SAP Concur Yes 
SAP Fieldglass Yes 
SAP Joule Yes 
SAP Store Yes 

Integrations

SAP Ariba No 
SAP Concur No 
SAP Fieldglass No 
SAP Joule No 
SAP Store No 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

SAP

Founded

1999

Country

United States

Website

www.sap.com/cmp/dg/intelligent-spend-management/index.html

Vendor Details

Company Name

Simfoni

Founded

2015

Country

United States

Website

simfoni.com

Product Features

Procurement

Asset Management No 
Auction Management No 
Bid Management No 
Budget Management No 
Catalog Management No 
Contract Management Yes 
Inventory Management No 
Invoice Processing Yes 
PunchOut No 
Purchase Order Management Yes 
Receiving No 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Purchasing

Catalog Management No 
Compliance Management No 
Contract Management Yes 
Inventory Management No 
Invoice Processing Yes 
PunchOut No 
Purchase Order Management Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Spend Management

Approval Workflow No 
Budgeting / Forecasting No 
Expense Tracking No 
Multi-Currency No 
Prepaid Cards No 
Procurement Management No 
Receipt Management No 
Spend Analysis No 
Spend Control Yes 
Supplier Management Yes 

Vendor Management

Audit Management No 
Contact Management No 
Customer Database No 
Self Service Portal No 
Supplier Master Data Yes 
Transaction History No 
Vendor Maintained Profiles No 
Vendor Managed Inventory No 
Vendor Performance Rating No 
Vendor Qualification Tracking No 

Product Features

Procurement

Asset Management No 
Auction Management No 
Bid Management No 
Budget Management No 
Catalog Management No 
Contract Management Yes 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management No 
Receiving No 
Requisitions & Approvals No 
Sourcing Management No 
Spend Management Yes 
Supplier Management Yes 

Sourcing

Auction Management No 
Budget Management No 
Collaboration No 
Global Sourcing Management No 
Rfx Management No 
Spend Management No 
Supplier Management No 
Supplier Qualification No 
Supplier Risk Management No 
Supplier Web Portal No 
Template Management No 

Spend Management

Approval Workflow No 
Budgeting / Forecasting No 
Expense Tracking No 
Multi-Currency No 
Prepaid Cards No 
Procurement Management Yes 
Receipt Management No 
Spend Analysis Yes 
Spend Control Yes 
Supplier Management Yes 

Alternatives

Alternatives

Spendkey Reviews

Spendkey

Spendkey Limited