{"id":26989,"date":"2016-03-28T10:00:05","date_gmt":"2016-03-28T15:00:05","guid":{"rendered":"https:\/\/simfoni.com\/?p=26989"},"modified":"2025-02-10T08:47:21","modified_gmt":"2025-02-10T13:47:21","slug":"why-it-is-important-to-properly-manage-tail-spend-part-3","status":"publish","type":"post","link":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/","title":{"rendered":"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)"},"content":{"rendered":"<p>Just about every person in the business community is familiar with the Pareto Rule, also known as the 80\/20 rule, i.e. that approximately 80% of a business&rsquo;s sales and profits will come from approximately 20% of sales or customers.<\/p>\n<p>When it comes to purchasing and <a href=\"https:\/\/simfoni.com\/procurement\/\" target=\"_blank\" rel=\"noopener\"><strong>procurement<\/strong><\/a>, a type of inverse 80\/20 rule is often applied, i.e. that the bottom 20% of <a href=\"https:\/\/simfoni.com\/procurement\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Procurement\" target=\"_blank\" rel=\"noopener\">procurement<\/a> spend by value (<a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/a>) will be supplied by up to 80% of suppliers.<\/p>\n<p>Growing awareness of this tendency coupled with ongoing pressure to cut costs and increase efficiency has led to a situation in which many procurement professionals are now being pushed to <strong>manage <a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\" data-internallinksmanager029f6b8e52c=\"11\" title=\"Tail Spend\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/a> better<\/strong>. <span style=\"color: #000000;\">Learn More &ndash;<\/span> <a href=\"https:\/\/simfoni.com\/impact-assessment-101\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Impact Assessment<\/strong><\/a><\/p>\n<p>In the previous two articles in this series, we looked at how a <span style=\"text-decoration: underline;\">commitment to better manage <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> can lead to significant <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">cost savings<\/span><\/span>, and <span style=\"text-decoration: underline;\">how to identify if your organization has a <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> problem and segment the affected transactions or suppliers<\/span>.<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/dbyho9orexbba.cloudfront.net\/a7\/94\/322edc484b5ca17fda20e654c928\/managing-the-long-tail.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">MANAGING THE &ldquo;LONG TAIL&rdquo;: How Focusing on <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Tail <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Spend Management<\/span><\/span> Can Directly Impact a Firm&rsquo;s Bottom Line<\/a><\/span>, by David C. Wyld (published by The <a href=\"https:\/\/simfoni.com\/reverse-auction\/\" data-internallinksmanager029f6b8e52c=\"30\" title=\"Reverse Auction\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Reverse Auction<\/span><\/a> Research Center), discusses the relationship between the 80\/20 (Pareto) rule and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>, as well as the so-called &ldquo;long tail&rdquo; &ndash; specifically, how these two principles apply to an organization&rsquo;s ability to effectively manage <strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/strong>.<\/p>\n<p>This white paper explains how the long tail concept was first proposed in 2004 in an article by<em> Wired<\/em> magazine editor Chris Anderson. Essentially, the long tail concept refers to increasing segmentation, targeting and specialization in the modern economy.<\/p>\n<p>Wyld makes the point that, for many businesses, a lot of their profit comes from relatively small sales. Likewise, sizeable savings in procurement can be achieved by more intense control of smaller purchases, as part of an ongoing project to comprehensively <strong>manage <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/strong> in the business.<\/p>\n<p>Do you agree with this viewpoint? Can principles that work well in a sales model be applied to procurement as well?<\/p>\n<p><em>If you are looking for a simple, no-fuss way to <strong>better manage <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> in your organization<\/strong>, the Pocket<span class=\"\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>Buyer<\/span>&trade; app from Simfoni is the ideal starting point.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just about every person in the business community is familiar with the Pareto Rule, also known as the 80\/20 rule, i.e. that approximately 80% of a business&rsquo;s sales and profits will come from approximately 20% of sales or customers. When&hellip;<\/p>\n","protected":false},"author":1,"featured_media":26990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[2529,442],"tags":[457,458,461,459,460],"class_list":["post-26989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-events","category-tail-spend","tag-tail-spend","tag-tail-spend-management","tag-tail-spend-software","tag-tail-spend-solutions","tag-tail-spend-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why it is Important to Properly Manage Tail Spend : Tail Spend Automation<\/title>\n<meta name=\"description\" content=\"Tail Spend Automation - Looking for a better way to manage tail spend in your organization? The PocketBuyer\u2122 app from Simfoni is the ideal starting point.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)\" \/>\n<meta property=\"og:description\" content=\"Simfoni is AI-powered procurement and spend management platform designed to help enterprises gain complete spend visibility. Read more on Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Simfoni\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SimfoniApps\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SimfoniApps\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-28T15:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-10T13:47:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"848\" \/>\n\t<meta property=\"og:image:height\" content=\"566\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simfoni\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\"},\"author\":{\"name\":\"Simfoni\",\"@id\":\"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8\"},\"headline\":\"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)\",\"datePublished\":\"2016-03-28T15:00:05+00:00\",\"dateModified\":\"2025-02-10T13:47:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\"},\"wordCount\":361,\"publisher\":{\"@id\":\"https:\/\/simfoni.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg\",\"keywords\":[\"Tail Spend\",\"Tail Spend Management\",\"Tail Spend Software\",\"Tail Spend Solutions\",\"Tail Spend Technology\"],\"articleSection\":[\"News and Events\",\"Tail Spend\"],\"inLanguage\":\"en\",\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\/\/simfoni.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\",\"url\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\",\"name\":\"Why it is Important to Properly Manage Tail Spend : Tail Spend Automation\",\"isPartOf\":{\"@id\":\"https:\/\/simfoni.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg\",\"datePublished\":\"2016-03-28T15:00:05+00:00\",\"dateModified\":\"2025-02-10T13:47:21+00:00\",\"description\":\"Tail Spend Automation - Looking for a better way to manage tail spend in your organization? The PocketBuyer\u2122 app from Simfoni is the ideal starting point.\",\"breadcrumb\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage\",\"url\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg\",\"contentUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg\",\"width\":848,\"height\":566,\"caption\":\"Tail Spend Software\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simfoni.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/simfoni.com\/#website\",\"url\":\"https:\/\/simfoni.com\/\",\"name\":\"Simfoni\",\"description\":\"Spend Intelligence and Spend Automation\",\"publisher\":{\"@id\":\"https:\/\/simfoni.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/simfoni.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/simfoni.com\/#organization\",\"name\":\"Simfoni\",\"alternateName\":\"Simfoni\",\"url\":\"https:\/\/simfoni.com\/\",\"logo\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SimfoniApps\/\",\"https:\/\/x.com\/simfoniapps\",\"https:\/\/www.instagram.com\/simfoniapps\/\",\"https:\/\/www.linkedin.com\/company\/simfoni\/\",\"https:\/\/www.youtube.com\/@simfoni\",\"https:\/\/g.page\/r\/CTMP26g2qypHEBM\/\",\"https:\/\/www.capterra.com\/p\/206211\/Spend-Analytics\/\",\"https:\/\/www.g2.com\/products\/simfoni-spend-analytics\/\",\"https:\/\/www.glassdoor.com\/Overview\/Working-at-Simfoni-EI_IE3290778.11,18.htm\",\"https:\/\/sourceforge.net\/software\/product\/Simfoni\/\",\"https:\/\/news.google.com\/publications\/CAAqBwgKMMaWxAsw6bHbAw\"],\"description\":\"Simfoni is an AI-powered procurement and spend management platform designed to help enterprises gain complete visibility into organizational spend and turn procurement insight into measurable financial impact. The platform combines advanced spend analytics, intelligent sourcing automation, and tail spend management to enable procurement teams to identify savings opportunities, execute sourcing strategies efficiently, and improve supplier performance across global operations. Built for modern procurement organizations, Simfoni supports Chief Procurement Officers, strategic sourcing leaders, and finance teams who are responsible for driving cost optimization, supplier governance, and operational efficiency. By consolidating procurement data across multiple systems and suppliers, Simfoni provides a unified view of enterprise spend and enables organizations to prioritize sourcing initiatives that deliver measurable savings. Simfoni\u2019s platform integrates spend intelligence with automated sourcing execution, allowing procurement teams to scale sourcing activities without increasing headcount. The system helps organizations manage indirect spend, improve supplier engagement, and strengthen procurement governance through data-driven decision making. Trusted by global enterprises, Simfoni enables organizations to transform procurement from a reactive cost center into a strategic value driver by delivering visibility, automation, and measurable financial outcomes across the procurement lifecycle.\",\"legalName\":\"Simfoni\",\"foundingDate\":\"2015-08-25\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"201\",\"maxValue\":\"500\"},\"address\":{\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-place-address\"},\"telephone\":[\"+1-973-718-7071\",\"+44-208-098-2115\"],\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"00:00\",\"closes\":\"23:59\"}],\"email\":\"info@simfoni.com\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8\",\"name\":\"Simfoni\",\"description\":\"Simfoni Delivers Next-generation Digital Procurement Transformation Through Spend Intelligence, Spend Automation &amp; Spend Analytics Software.\",\"sameAs\":[\"https:\/\/simfoni.com\/\",\"https:\/\/www.facebook.com\/SimfoniApps\/\",\"https:\/\/www.instagram.com\/simfoniapps\/\",\"https:\/\/www.linkedin.com\/company\/simfoni\/\",\"https:\/\/x.com\/simfoniapps\",\"https:\/\/www.youtube.com\/@simfoni\"]},{\"@type\":\"PostalAddress\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-place-address\",\"streetAddress\":\"90 Washington Valley Road\",\"addressLocality\":\"Bedminster\",\"postalCode\":\"07921\",\"addressRegion\":\"New Jersey\",\"addressCountry\":\"US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo\",\"url\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/10\/Simfoni.com-Logo.jpg\",\"contentUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/10\/Simfoni.com-Logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Simfoni\"}]}<\/script>\n<meta name=\"geo.placename\" content=\"Bedminster\" \/>\n<meta name=\"geo.region\" content=\"United States (US)\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why it is Important to Properly Manage Tail Spend : Tail Spend Automation","description":"Tail Spend Automation - Looking for a better way to manage tail spend in your organization? The PocketBuyer\u2122 app from Simfoni is the ideal starting point.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/","og_locale":"en_US","og_type":"article","og_title":"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)","og_description":"Simfoni is AI-powered procurement and spend management platform designed to help enterprises gain complete spend visibility. Read more on Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)","og_url":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/","og_site_name":"Simfoni","article_publisher":"https:\/\/www.facebook.com\/SimfoniApps\/","article_author":"https:\/\/www.facebook.com\/SimfoniApps\/","article_published_time":"2016-03-28T15:00:05+00:00","article_modified_time":"2025-02-10T13:47:21+00:00","og_image":[{"width":848,"height":566,"url":"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg","type":"image\/jpeg"}],"author":"Simfoni","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#article","isPartOf":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/"},"author":{"name":"Simfoni","@id":"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8"},"headline":"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)","datePublished":"2016-03-28T15:00:05+00:00","dateModified":"2025-02-10T13:47:21+00:00","mainEntityOfPage":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/"},"wordCount":361,"publisher":{"@id":"https:\/\/simfoni.com\/#organization"},"image":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage"},"thumbnailUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg","keywords":["Tail Spend","Tail Spend Management","Tail Spend Software","Tail Spend Solutions","Tail Spend Technology"],"articleSection":["News and Events","Tail Spend"],"inLanguage":"en","copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/simfoni.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/","url":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/","name":"Why it is Important to Properly Manage Tail Spend : Tail Spend Automation","isPartOf":{"@id":"https:\/\/simfoni.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage"},"image":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage"},"thumbnailUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg","datePublished":"2016-03-28T15:00:05+00:00","dateModified":"2025-02-10T13:47:21+00:00","description":"Tail Spend Automation - Looking for a better way to manage tail spend in your organization? The PocketBuyer\u2122 app from Simfoni is the ideal starting point.","breadcrumb":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#primaryimage","url":"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg","contentUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2016\/02\/iStock_000066233561_Small.jpg","width":848,"height":566,"caption":"Tail Spend Software"},{"@type":"BreadcrumbList","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/simfoni.com\/"},{"@type":"ListItem","position":2,"name":"Why it is Important to Properly Manage Tail Spend \u2013 (Part 3)"}]},{"@type":"WebSite","@id":"https:\/\/simfoni.com\/#website","url":"https:\/\/simfoni.com\/","name":"Simfoni","description":"Spend Intelligence and Spend Automation","publisher":{"@id":"https:\/\/simfoni.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/simfoni.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":["Organization","Place"],"@id":"https:\/\/simfoni.com\/#organization","name":"Simfoni","alternateName":"Simfoni","url":"https:\/\/simfoni.com\/","logo":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo"},"image":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo"},"sameAs":["https:\/\/www.facebook.com\/SimfoniApps\/","https:\/\/x.com\/simfoniapps","https:\/\/www.instagram.com\/simfoniapps\/","https:\/\/www.linkedin.com\/company\/simfoni\/","https:\/\/www.youtube.com\/@simfoni","https:\/\/g.page\/r\/CTMP26g2qypHEBM\/","https:\/\/www.capterra.com\/p\/206211\/Spend-Analytics\/","https:\/\/www.g2.com\/products\/simfoni-spend-analytics\/","https:\/\/www.glassdoor.com\/Overview\/Working-at-Simfoni-EI_IE3290778.11,18.htm","https:\/\/sourceforge.net\/software\/product\/Simfoni\/","https:\/\/news.google.com\/publications\/CAAqBwgKMMaWxAsw6bHbAw"],"description":"Simfoni is an AI-powered procurement and spend management platform designed to help enterprises gain complete visibility into organizational spend and turn procurement insight into measurable financial impact. The platform combines advanced spend analytics, intelligent sourcing automation, and tail spend management to enable procurement teams to identify savings opportunities, execute sourcing strategies efficiently, and improve supplier performance across global operations. Built for modern procurement organizations, Simfoni supports Chief Procurement Officers, strategic sourcing leaders, and finance teams who are responsible for driving cost optimization, supplier governance, and operational efficiency. By consolidating procurement data across multiple systems and suppliers, Simfoni provides a unified view of enterprise spend and enables organizations to prioritize sourcing initiatives that deliver measurable savings. Simfoni\u2019s platform integrates spend intelligence with automated sourcing execution, allowing procurement teams to scale sourcing activities without increasing headcount. The system helps organizations manage indirect spend, improve supplier engagement, and strengthen procurement governance through data-driven decision making. Trusted by global enterprises, Simfoni enables organizations to transform procurement from a reactive cost center into a strategic value driver by delivering visibility, automation, and measurable financial outcomes across the procurement lifecycle.","legalName":"Simfoni","foundingDate":"2015-08-25","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"},"address":{"@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-place-address"},"telephone":["+1-973-718-7071","+44-208-098-2115"],"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"00:00","closes":"23:59"}],"email":"info@simfoni.com"},{"@type":"Person","@id":"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8","name":"Simfoni","description":"Simfoni Delivers Next-generation Digital Procurement Transformation Through Spend Intelligence, Spend Automation &amp; Spend Analytics Software.","sameAs":["https:\/\/simfoni.com\/","https:\/\/www.facebook.com\/SimfoniApps\/","https:\/\/www.instagram.com\/simfoniapps\/","https:\/\/www.linkedin.com\/company\/simfoni\/","https:\/\/x.com\/simfoniapps","https:\/\/www.youtube.com\/@simfoni"]},{"@type":"PostalAddress","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-place-address","streetAddress":"90 Washington Valley Road","addressLocality":"Bedminster","postalCode":"07921","addressRegion":"New Jersey","addressCountry":"US"},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/simfoni.com\/tail-spend\/why-it-is-important-to-properly-manage-tail-spend-part-3\/#local-main-organization-logo","url":"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/10\/Simfoni.com-Logo.jpg","contentUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/10\/Simfoni.com-Logo.jpg","width":1000,"height":1000,"caption":"Simfoni"}]},"geo.placename":"Bedminster","geo.region":"United States (US)"},"_links":{"self":[{"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/posts\/26989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/comments?post=26989"}],"version-history":[{"count":0,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/posts\/26989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/media\/26990"}],"wp:attachment":[{"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/media?parent=26989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/categories?post=26989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/tags?post=26989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}