Simfoni, a leader in analytics and spend technology, announced the launch of its next-generation solution, Strategic Spend Hub. Available on Snowflake Marketplace as a Native App or directly from Simfoni, the AI-driven solution actively helps those in control of corporate spending monitor markets, spend, and contracts, identifying savings and surfacing risk. Recommendations are actionable directly from the central Hub interface, creating a seamless experience.
Now more than ever, procurement teams must adapt to an ever-changing market, proactively mitigate risk, and eliminate data silos. Simfoni and Snowflake, the AI Data Cloud company, are working together on Strategic Spend Hub’s interconnected data management capabilities to allow customers to do this and more, all from within a single platform.
With ‘Talk To My Data’, the Strategic Spend Hub’s flagship AI chat feature, customers can generate meaningful analysis in moments, share it with their team, and surface the data they need to make fast—and valuable—spend decisions.
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“The launch of Strategic Spend Hub is a game-changer for anyone responsible for managing business spend,” said Stefan Dent, Co-Founder at Simfoni. “By leveraging Snowflake’s data and AI capabilities, Simfoni has made the shift towards interconnected, intelligent data flows a reality. This enables customers to act on live, accurate data, transforming insights into savings and risk mitigation strategies from a single interface.”
“With Strategic Spend Hub, Simfoni has reimagined the procurement process as a closed-loop, AI- and data-driven experience by leveraging the capabilities of the Snowflake Native App Framework,” said Joe Frederick, VP of Procurement at Snowflake. “In doing so, Simfoni is enabling our joint customers to unlock faster decision-making, accelerating time to value and reducing silos.”
Strategic Spend Hub works with customers’ existing technology, allowing them to get up and running quickly and scale at a pace that’s right for their business—delivering immediate control over spend without disruption.
Source: PRWeb
