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Simfoni Reviews & Product Details

Aaron S.
AS
Senior Director of Supply Chain and Sourcing
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

Ability to combine and normalize 3 discrete spend datasets into one spendcube that can be sliced and diced using standard and custom dashboards. As the client, all I had to do was provide the datasets and review the normalized data for accuracy and completeness Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

One limit we ran into with Simfoni was not be able to include more than the last 2 years of data. This will limit our ability to trend in the near term. I also would like to the ability to create and run adhoc reports. Having raw material unit data (e.g. lbs or resin, number of boxes, lyd of liner, etc.) would also be very helpful, but we are some what limited due to our data sources.

It would also be nice to have Simfoni be linked to our Corporate PowerBI dashboard to make it easier to access. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

We run 3 difference ERP instances with 3 different part code nominclatures and chart of accounts. Simfoni was able to three discrete datasets combine it into one normalized spend cube so that I can look ath the entire corpoatation spend in one place. This helps with spend managment and sourcing of materials along with ensuring consistency (pricing, terms, etc.) across sites. Review collected by and hosted on G2.com.

Simfoni Overview

What is Simfoni?

Simfoni provides Spend Analytics, eSourcing andTail Spend Management solutions to leading global enterprises. The Simfoni platform utilizes machine learning and artificial intelligence to accelerate and automate key aspects of the procurement and sourcing processes, saving customers time and money and paving the way toward supply chain sustainability. With offices in the USA, Europe, Australia, and the Middle East, Simfoni works with its customers and the wider vendor community to improve vendor diversity and achieve strategic CSR (Corporate Social Responsibility) objectives. For additional information, please visit https://simfoni.com/.

Simfoni Details
Languages Supported
English
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Product Description

Simfoni cleans and codifies spend data, displays the analysis for easy understanding, and automatically provides opportunity assessments. After gathering data from disparate sources, Simfoni Analytics software manages the cleansing, normalization, and classification of transaction data. Dynamic dashboards present spend data analytics from different viewpoints allowing procurement professionals to see the complete picture. Drill-down capabilities and filters show the nitty-gritty details of any supplier or category. Automated Opportunity Assessments show possible cost savings initiatives. These initiatives are quantified, marked for time and difficulty to complete, and are shown alongside a wave plan estimating completion dates and probable cumulative savings total. In just a few days, Simfoni Spend Analytics can take a procurement team from "What do we spend where?" to "Let's get going on our initiatives for the next 12 months!"


Seller Details
Seller
Simfoni
HQ Location
San Francisco, California
Twitter
@simfoniapps
83 Twitter followers
LinkedIn® Page
www.linkedin.com
267 employees on LinkedIn®

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Recent Simfoni Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Sales Support"
Simfoni is very user friendly. They have a great support team if ever you need help with something.
Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Remarkable Composable Procurement Solutions!"
Simfoni provided us with a crystal-clear view of our spend data and we like how the data is updated regularly. The reports are beautiful and we use...
Jon G.
JG
Jon G.Small-Business (50 or fewer emp.)
5.0 out of 5
"Easy to use supported solution for logistics e-sourcing"
Simfoni has consistently provided top tier support for our logistics e-sourcing projects. We have used them to bid out nearly $100M in ocean freig...
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Simfoni Media

Simfoni Demo - Flash Report
The Flash Report is an overview that provides a quick way to check on all aspects of procurement—spend, transactions, and suppliers. Filter and drill-down directly on areas of interest or select specific dashboards from the sidebar.
Simfoni Demo - Opportunity Assessment–Sourcing Initiatives
Automated opportunity assessment identifies a set of Sourcing Initiatives to reduce costs and improve procurement efficiency with quantified outcome potential and ease of implementation. Easily select the initiatives that align with current organizational and procurement goals.
Simfoni Demo - Opportunity Assessment – Wave Plan
Based on the initiatives, a Project Summary and Wave Plan are created to time projects that yield the easiest, highest returns as quickly as possible while starting long projects with enough time to complete them.
Simfoni Demo - Contract Management - Overview
Contract management lets you evaluate the timing and impact of contract renewals, SLAs, maintenance agreements, overall value, and more.
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25 out of 26 Total Reviews for Simfoni

4.8 out of 5
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25 out of 26 Total Reviews for Simfoni
4.8 out of 5
25 out of 26 Total Reviews for Simfoni
4.8 out of 5

Simfoni Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
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Overall Review Sentiment for SimfoniQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Verified User in Information Technology and Services
UI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

Simfoni provided us with a crystal-clear view of our spend data and we like how the data is updated regularly. The reports are beautiful and we use the custom reports daily. This enhanced reporting and visibility empowered us to make better decisions on resource allocation. It's like having a spotlight on where the real impact can be made. The comprehensive range of features Simfoni offers is impressive. From budgeting and forecasting to spend analysis and supplier management, they cover all bases for businesses aiming to efficiently manage their spend.

Overall, I love how user-friendly Simfoni's interface is! It's crafted to be effortlessly navigable, making it a breeze even for non-technical users like me. Getting started with the software and leveraging its features is a seamless experience for me and my team. The support team during the implementation was amazing and they helped us with integrations as well. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

I have mentioned a few suggestions in their quaterly surveys and looking forward for the implementations. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Simfoni has been instrumental in addressing several key challenges for our team. One of the significant problems it solves is providing a comprehensive view of our spend data. The crystal-clear visibility and regular updates enable us to make informed decisions regarding our spend management initiatives, spending patterns and cost savings. This enhanced reporting capability has had a tangible impact on our ability to identify areas for improvement and cost-saving opportunities. Review collected by and hosted on G2.com.

Verified User in Food & Beverages
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Simfoni?

The Simfoni tool used twice now in two years for our global tender was extremely helpful. Easy to understand and intuitive tender tool. However, the most important part of two tenders is the expertise that was provided by Ricardo Ashitaka. He undwerstands the tool and understand a good part of ocean transportation, as such he was most hepful and great to work with. Ricardo was available whenever we needed his input or help. A 5 hour time difference was not a problem at all. Every task was performed timely and in great detail. Ricardo had some good ideas as to how to analyse the data that was in the system in order to get the best results and outcome for our ocean freight needs.

Ricardo, the PLG team and I worked extremely well together and I say the great outcome of both tenders couldn't have been achieved without Ricardo being on th team. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

As with every tender tool some of the data cleansing and get it right was cumbersome. But we got it right as a team within a reasonable time prior to launch of the global tender. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Simfoni provides a good way to collect freight data and other essential data related to an ocean freight global tender.

Once all needed tender data was in the system it was fairly easy to develop scenarios how to look at the data, e.g. cheapest rates, incumbents etc. This way we were able to look at dollar spend for global ocean freight by carrier, region or specific lane which helps us decide which carrier to award the business observing certain criteria like lowest rates, incumbent freight forwarder vs. ocean carrier etc. Review collected by and hosted on G2.com.

Jon G.
JG
Partner
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

Simfoni has consistently provided top tier support for our logistics e-sourcing projects. We have used them to bid out nearly $100M in ocean freight. Sourcing events in Simfoni are straightforward, easy for providers, and run flawlessly. We recommend this platform and the Simfoni team without reservations. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

We encountered no adverse issues using Simfoni. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Simfoni makes it easy to organize e-sourcing events, manage provider communications, collect bids, and optimize with quick turnarounds. Review collected by and hosted on G2.com.

Verified User in Maritime
UM
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

Simfoni associates are very helpful and pro-active in assisting with Tailspend cost savings. They do all the leg-work, provide good re-caps and summerizations of the projects they work on leaving me more time to focus on other aspects of my job. The team we have worked with have been very pleasant and responsive in our dealings, even providing updates if they feel like they are taking too long to get back to us. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

I havent really experienced downsides in my experience with Simfoni. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Simfoni is actively reviewing tailspend and providing sources for vendors who may provide the same product but at better cost. Review collected by and hosted on G2.com.

Shona M.
SM
QHSE Compliance Officer
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

The procurement colleagues are excellent and have brought a lot of experience to make consolidating and securing new contracts very simple and easy. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

I have not found any negatives from working with the team. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Consolidating a number sites energy contracts which were nor previosuly aligned whilst maximising our green energy targets.

Bringing experience and knowledge of contractors where I wouldn't know where to start. Review collected by and hosted on G2.com.

RW
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

The Simfoni eSourcing module is easy to use, allows for numerous bidders and reduces the bid evalutation period by 75%! Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

The only issues found with the system, is the speed. The system is slow loading information and changing screens. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

By utilizing the eSourcing module, RFIs, RFP/Qs and correspondence with bidders is easily stored and shared with the team. Review collected by and hosted on G2.com.

Verified User in Utilities
UU
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Simfoni?

Simfoni is very user friendly. They have a great support team if ever you need help with something. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

Simfoni makes changes now and then, however they guide you through with ease. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

We use Simfoni to create RFP's and obtain pricing. It is easy and organized on the selling end as well as suppliers end that we send RFP's to. Review collected by and hosted on G2.com.

Jennifer R.
JR
Manager - Supply Management
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

The process flow in setting up a project. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

The delay when switching screens within the E sourcing tool. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

It allows us to formally conduct an RFP in an organized, central location for tracking. Review collected by and hosted on G2.com.

Verified User in Retail
UR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Simfoni?

It is easy to use, powerful tool and it keeps evolving with technology to offer its user quick and powerful resources, data and analytics. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

none, Their customer service and developing team have work hand on hand with us to provide all the tools and add-ons we required as a company Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

They are now integrating AI (ChatGPT) as part of the tool to make it easier for the users to obtain valuable information by just typing the right questions. Review collected by and hosted on G2.com.

DW
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Simfoni?

Ease of use and ability to train others easily. Review collected by and hosted on G2.com.

What do you dislike about Simfoni?

Time it takes to go out and then get back in after I have not used it in a period of time. Review collected by and hosted on G2.com.

What problems is Simfoni solving and how is that benefiting you?

Allowing me to keep track as an analyst. Review collected by and hosted on G2.com.