Source: prweb

Exciting news for procurement and data professionals! Simfoni has announced a strategic collaboration with Snowflake to deliver next-generation spend intelligence and procurement solutions powered by AI and trusted data.

This partnership tackles one of the biggest challenges in spend visibility: accessing and making sense of data from multiple systems. Through the collaboration, joint customers will be able to leverage Simfoni Native Apps available via the Snowflake platform for automated data extraction, spend analytics, opportunity assessments, contract reviews, and more.

“AI needs reliable data to inform analysis and decision-making, which is a central tenet of our collaboration,” says Stefan Dent, Chief Strategy Officer and Simfoni co-founder. “Simfoni is thrilled to work with Snowflake to bring to market solutions that leverage the Snowflake platform and its comprehensive data and AI capabilities to help joint customers leverage AI to directly launch sourcing events at the touch of a button.”

“Traditional procurement solutions typically require large teams of skilled operators to operate the solution and analyze data, which is often stored in silos,” notes Joe Frederick, VP Procurement at Snowflake. “However, the landscape is changing rapidly with the advent of solutions such as Simfoni, which automate spend management activity using the easy, trusted and connected Snowflake platform.”

The combined capabilities deliver a human-centric, data-driven approach where AI handles the heavy lifting of data analysis and market intelligence, providing procurement professionals with actionable insights to respond to opportunities and risks.