Goto

Collaborating Authors

 xeeva


Simfoni Announces the Acquisition of Xeeva, Leader in Indirect Spend Management Solutions

#artificialintelligence

Simfoni, the next-generation digital solutions provider for procurement intelligence, eSourcing and tail spend management, announced that it has acquired Michigan-based Xeeva, a fellow leader in AI-powered spend management and procurement technology solutions. This will be Simfoni's second strategic acquisition in 2022, as the company continues to leverage synergistic opportunities to deepen its solution and support competencies, accelerate growth, and solidify market dominance in indirect (tail spend) management and AI-driven spend analytics and eSourcing solutions. This acquisition marks another significant milestone for Simfoni whose goal is to deliver best-in-class, composable, spend management solutions on a global scale. Over the last year, Simfoni has been the recipient of a litany of industry awards and acknowledgements which have further strengthened its global positioning as a recognized market leader in tail spend management. It is anticipated that this latest acquisition will fortify Simfoni's place as one of the top 10 procurement technology providers, globally. Simfoni's innovative Composable Procurement approach combined with its deep domain expertise has collectively provided the company with a competitive edge as procurement teams look outside traditional solutions to achieve superior spend visibility and automation.


Xeeva: accelerating procurement results with AI

#artificialintelligence

Welcome to the October issue of Supply Chain Digital! In our cover feature this month, we speak with Kevin Overdulve, Director in Logistics & Distribution at Deloitte Belgium, about how the disruptive power of AI is shaping the autonomous supply chains of tomorrow. "We see that companies are