{"id":45854,"date":"2022-09-15T02:54:14","date_gmt":"2022-09-15T07:54:14","guid":{"rendered":"https:\/\/simfoni.com\/?p=45854"},"modified":"2022-09-15T09:01:04","modified_gmt":"2022-09-15T14:01:04","slug":"best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you","status":"publish","type":"post","link":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/","title":{"rendered":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"45854\" class=\"elementor elementor-45854\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-44b5400 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"96302\" data-id=\"44b5400\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-752521a\" data-eae-slider=\"64828\" data-id=\"752521a\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-768c0fc elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"768c0fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings='{\"headings_by_tags\":[\"h2\",\"h3\"],\"exclude_headings_by_selector\":[],\"marker_view\":\"numbers\",\"no_headings_message\":\"No headings were found on this page.\",\"minimize_box\":\"yes\",\"minimized_on\":\"tablet\",\"hierarchical_view\":\"yes\",\"min_height\":{\"unit\":\"px\",\"size\":\"\",\"sizes\":[]},\"min_height_tablet\":{\"unit\":\"px\",\"size\":\"\",\"sizes\":[]},\"min_height_mobile\":{\"unit\":\"px\",\"size\":\"\",\"sizes\":[]}}' data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__768c0fc\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__768c0fc\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__768c0fc\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dd6c20 elementor-widget elementor-widget-text-editor\" data-id=\"3dd6c20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW50779651 BCX0\">It&rsquo;s no secret that companies are realizing the benefits of digitizing their <a href=\"https:\/\/simfoni.com\/procurement\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Procurement\" target=\"_blank\" rel=\"noopener\">procurement<\/a> function, particularly <\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">as teams<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\"> are <\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">under increasing pressure to<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\"> do more with less<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">.<\/span> <span class=\"NormalTextRun SCXW50779651 BCX0\">The efficient management of <a href=\"https:\/\/simfoni.com\/procurement\/\" target=\"_blank\" rel=\"noopener\"><strong>procurement<\/strong><\/a><\/span><a href=\"_wp_link_placeholder\"><strong><span class=\"NormalTextRun SCXW50779651 BCX0\"> processes<\/span><\/strong><\/a><span class=\"NormalTextRun SCXW50779651 BCX0\"> and workflows<\/span> <span class=\"NormalTextRun SCXW50779651 BCX0\">can be<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\"> valuable contributor<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">s<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\"> to strategic growth <\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">and <\/span><span class=\"NormalTextRun SCXW50779651 BCX0\">can even help<\/span><span class=\"NormalTextRun SCXW50779651 BCX0\"> companies<\/span> <span class=\"NormalTextRun SCXW50779651 BCX0\">gain a competitive edge in their respective industries.&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cb55c5 elementor-widget elementor-widget-text-editor\" data-id=\"2cb55c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW249485553 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW249485553 BCX0\">At <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">its core, <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"><a href=\"https:\/\/simfoni.com\/procurement-software-101\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"Procurement Software\" target=\"_blank\" rel=\"noopener\">procurement software<\/a> automate<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">s<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"> purchase cycl<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">e<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">s<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">, bring<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">s<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"> structure<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"> and insight to <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">complex <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">process<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">es<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">,<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"> improve<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">s<\/span> <span class=\"NormalTextRun SCXW249485553 BCX0\">operational productivity<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW249485553 BCX0\">and<\/span> <span class=\"NormalTextRun SCXW249485553 BCX0\">helps identify areas to <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">reduce or better manage <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">cost<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">s<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">. When layered with<\/span> <span class=\"NormalTextRun SCXW249485553 BCX0\">recent advancements in machine learning and <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">artificial intelligence<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">, <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\">procurement software can provide your business with a wealth of analytics<\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"> around your spend &ndash; helping to improve the speed and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agility<\/span> of your <\/span><span class=\"NormalTextRun SCXW249485553 BCX0\"><a href=\"https:\/\/simfoni.com\/procure-to-pay\/\" data-internallinksmanager029f6b8e52c=\"25\" title=\"Procure to Pay\" target=\"_blank\" rel=\"noopener\">procure-to-pay<\/a> process.&nbsp;<\/span><\/span><span class=\"EOP SCXW249485553 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7eb699c elementor-widget elementor-widget-text-editor\" data-id=\"7eb699c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW40062667 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW40062667 BCX0\">With <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">many providers touting new<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\"> &ldquo;bells and whistles&rdquo;, it can be overwhelming<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">to determine<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">what solution is right for you.<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\"> This is a fairly common problem as <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">every <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">business <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">ha<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">s<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">different <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">needs and <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">priorities <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">when it comes to <a href=\"https:\/\/simfoni.com\/procurement-management\/\" target=\"_blank\" rel=\"noopener\"><strong>managing <\/strong><\/a><\/span><a href=\"_wp_link_placeholder\"><strong><span class=\"NormalTextRun SCXW40062667 BCX0\">procurement<\/span><\/strong><\/a><span class=\"NormalTextRun SCXW40062667 BCX0\"><a href=\"_wp_link_placeholder\"><strong>.<\/strong><\/a>&nbsp; The first step <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">when selecting <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">a <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">procurement software<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\"> provider<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">is <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">to understand <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">the<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">available options so you can be sure<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\"> it<\/span> <span class=\"NormalTextRun SCXW40062667 BCX0\">will help you <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">and your team reach your <\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">strategic <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">digital procurement<\/span> goals and objectives<\/span><span class=\"NormalTextRun SCXW40062667 BCX0\">.<\/span><\/span><span class=\"EOP SCXW40062667 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b170917 elementor-widget elementor-widget-text-editor\" data-id=\"b170917\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW263069921 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><a href=\"https:\/\/simfoni.com\/procurement-software\/what-is-procurement-software-why-and-how-it-is-implemented\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"NormalTextRun SCXW263069921 BCX0\">P<\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">rocurement software <\/span><\/strong><\/a><span class=\"NormalTextRun SCXW263069921 BCX0\">tends to <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">fall <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">into two main categories: <span style=\"color: #ff6600;\"><strong>&lsquo;Best<\/strong><\/span><\/span><span style=\"color: #ff6600;\"><strong><span class=\"NormalTextRun SCXW263069921 BCX0\">-of-<\/span><\/strong><\/span><span class=\"NormalTextRun SCXW263069921 BCX0\"><span style=\"color: #ff6600;\"><strong>Breed&rsquo;<\/strong><\/span> and <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">the <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">larger <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\"><span style=\"color: #ff6600;\"><strong>&lsquo;Suite&rsquo;<\/strong><\/span> solution<\/span><span class=\"NormalTextRun SCXW263069921 BCX0\"> provider<\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">s. <\/span><span class=\"NormalTextRun SCXW263069921 BCX0\">And recently, a new category known as <span style=\"color: #ff6600;\"><strong>&lsquo;Alt-Suite&rsquo;<\/strong><\/span> has emerged.<\/span><\/span><span class=\"EOP SCXW263069921 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b1c118 elementor-widget elementor-widget-text-editor\" data-id=\"7b1c118\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong><span class=\"TextRun SCXW98404118 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW98404118 BCX0\">And this is where we begin our assessment. Which<\/span> <span class=\"NormalTextRun SCXW98404118 BCX0\">category is <\/span><span class=\"NormalTextRun SCXW98404118 BCX0\">right for your company?<\/span><\/span><span class=\"EOP SCXW98404118 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-36c4908 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"21283\" data-id=\"36c4908\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fb97891\" data-eae-slider=\"90011\" data-id=\"fb97891\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1283ef0 elementor-widget elementor-widget-heading\" data-id=\"1283ef0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Contenders: Best-of-Breed, Suite, and Alt-Suite  <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcc0843 elementor-widget elementor-widget-heading\" data-id=\"bcc0843\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Best-of-Breed Overview <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5b089b elementor-widget elementor-widget-text-editor\" data-id=\"e5b089b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun Highlight SCXW63072327 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63072327 BCX0\"><strong>&ldquo;Best-of-breed&rdquo;<\/strong> technology is a term in the tech community that refers to&#8239;<\/span><\/span><span class=\"TextRun SCXW63072327 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63072327 BCX0\">individual solutions that <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">are distinguished<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> within<\/span> <span class=\"NormalTextRun SCXW63072327 BCX0\">a<\/span><\/span><span class=\"TextRun Highlight SCXW63072327 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63072327 BCX0\"> specific area<\/span><\/span><span class=\"TextRun Highlight SCXW63072327 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63072327 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW63072327 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW63072327 BCX0\">The<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">y<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> are <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">highly specialized<\/span> <span class=\"NormalTextRun SCXW63072327 BCX0\">and<\/span> <span class=\"NormalTextRun SCXW63072327 BCX0\">focus<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">ed<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> on <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">a <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">specific <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">function or niche within the procurement process (<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">e.g.,<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW63072327 BCX0\">Simfoni<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> offers<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> best-of-breed solutions for<\/span> <span class=\"NormalTextRun SCXW63072327 BCX0\"><a href=\"https:\/\/simfoni.com\/spend-intelligence\/\" target=\"_blank\" rel=\"noopener\">spend analytics<\/a>, <\/span><a href=\"https:\/\/simfoni.com\/esourcing\/\" target=\"_blank\" rel=\"noopener\"><span class=\"NormalTextRun SCXW63072327 BCX0\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span><\/span><\/a><span class=\"NormalTextRun SCXW63072327 BCX0\">, an<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">d<\/span><a href=\"https:\/\/simfoni.com\/spend-automation\/\" target=\"_blank\" rel=\"noopener\"><span class=\"NormalTextRun SCXW63072327 BCX0\"> <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><\/span><\/a><span class=\"NormalTextRun SCXW63072327 BCX0\">). Typically, these platforms are the best <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">of their type on<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\"> the market. <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">Highly <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">flexible and adaptable, <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">they&rsquo;ll integrate well <\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">with other platforms and modules<\/span><span class=\"NormalTextRun SCXW63072327 BCX0\">, and are an optimal choice for many different types of businesses.&nbsp;<\/span><\/span><span class=\"EOP SCXW63072327 BCX0\" data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fc3ad1 elementor-widget elementor-widget-text-editor\" data-id=\"1fc3ad1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW16275308 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW16275308 BCX0\">These specialized,<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\"> low-code<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\"> solutions <\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">are<\/span> <span class=\"NormalTextRun SCXW16275308 BCX0\">easy<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">to<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">implement, <\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">easy to manage<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">, <\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">and <\/span><span class=\"NormalTextRun SCXW16275308 BCX0\">specifically designed<\/span><span class=\"NormalTextRun SCXW16275308 BCX0\"> to deliver the outcome you need.<\/span><\/span><span class=\"EOP SCXW16275308 BCX0\" data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c1da85 elementor-widget elementor-widget-heading\" data-id=\"0c1da85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Suite Overview<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4835ddf elementor-widget elementor-widget-text-editor\" data-id=\"4835ddf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW125890461 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125890461 BCX0\">S<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">uite<\/span><\/span><span class=\"TextRun SCXW125890461 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125890461 BCX0\"> solutions <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">are <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">intended to provide<\/span> <\/span><span class=\"TextRun SCXW125890461 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125890461 BCX0\">all<\/span><\/span><span class=\"TextRun SCXW125890461 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW125890461 BCX0\">(or most) of <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">your procurement <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">function capabilities <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">in one <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">software<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> package. <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">Because t<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">hese solutions<\/span> <span class=\"NormalTextRun SCXW125890461 BCX0\">offer <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">a wide array of capabilities <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">and a<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> cross-range of <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">function<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">s<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">, many <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">procurement <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">teams have turned to these<\/span> <span class=\"NormalTextRun SCXW125890461 BCX0\">solutions <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">with the <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">expectation<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> of them solving <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">all of their <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">unique procurement <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">challenges<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">. <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">The truth is, even the most robust procurement suite has its limitations.&nbsp; <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">A company could easily invest<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> hundreds of&nbsp;<\/span> <span class=\"NormalTextRun CommentStart SCXW125890461 BCX0\">thousands <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">(if not <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">millions<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">) <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">of dollars <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">in a centralized suite, only to be disappointed when its features are not as robust as desired in certain areas. A suite may seem like the best <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">choice <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">at the outset, but <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">when<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> it <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">doesn&rsquo;t fit the company&rsquo;s specific<\/span> <span class=\"NormalTextRun SCXW125890461 BCX0\">needs<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> or produce the desired outcomes<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">, <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">the question becomes &lsquo;how do <\/span><span class=\"NormalTextRun SCXW125890461 BCX0\">we<\/span><span class=\"NormalTextRun SCXW125890461 BCX0\"> fill in the gaps?<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b2ad3e elementor-widget elementor-widget-heading\" data-id=\"7b2ad3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The Rise of &ldquo;Alt-Suite&rdquo; (i.e., Composable Procurement Solutions)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-709fc72 elementor-widget elementor-widget-text-editor\" data-id=\"709fc72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span style=\"color: #ff6600;\"><strong><span class=\"NormalTextRun CommentStart SCXW154763451 BCX0\">Spend Matters <\/span><\/strong><\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">recently <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">coined <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">the concep<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">t<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> of <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">an<\/span> <\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\">Alt-Suite<\/span><\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\"> solution, <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">which combines the most elite of the best-of-breed category<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> (often alongside an existing suite solution) to drive targeted outcomes and capabilities for the procurement organization. In other words, alt-suite is <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">your<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> ver<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">itable &ldquo;dream team&rdquo; of procurement <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">software.&nbsp; <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">Your solution is<\/span> <span class=\"NormalTextRun SCXW154763451 BCX0\">comprised of <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">the <\/span><\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\">best of the best<\/span> <\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\">solutions<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> for each function of procurement<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">,<\/span> <\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\">and<\/span> <\/span><span class=\"TextRun SCXW154763451 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154763451 BCX0\">tailored to your organization<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">al<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> needs <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">in order to deliver the<\/span><span class=\"NormalTextRun SCXW154763451 BCX0\"> outcomes you <\/span><span class=\"NormalTextRun SCXW154763451 BCX0\">desire.<\/span> <\/span><span class=\"EOP SCXW154763451 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-9eecda2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"54588\" data-id=\"9eecda2\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-080402e\" data-eae-slider=\"51247\" data-id=\"080402e\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cde00ab elementor-widget elementor-widget-heading\" data-id=\"cde00ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pros and Cons of Best-of-Breed <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd20b5a elementor-widget elementor-widget-text-editor\" data-id=\"fd20b5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW115225064 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW115225064 BCX0\">Best<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">of<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">breed <\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">solutions have gained increasing momentum<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">, and for good reason. Here are some of the key features and advantages of <\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">a <\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">best<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">-of-<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">breed<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\"> solution, like the one(s) offered by <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW115225064 BCX0\">Simfoni<\/span><span class=\"NormalTextRun SCXW115225064 BCX0\">:<\/span><\/span><span class=\"EOP SCXW115225064 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dd2707 elementor-widget elementor-widget-text-editor\" data-id=\"3dd2707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"5\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Flexibility \/ Scalability<\/span><\/b><span data-contrast=\"auto\">. Because of the low-cost, low-code nature of best-of-breed solutions, you have the flexibility to scale up or scale down as needed. For example, when you start out with one or two users, you can grow as necessary without having to invest in extraneous resources upfront. As your supply chain grows, you can scale your solution accordingly without limitation.<\/span><span data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"5\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Speed \/ <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Agility<\/span><\/span><\/b><span data-contrast=\"auto\">. With best-of-breed solutions, you can implement and launch quickly &ndash; which means you can start achieving outcomes almost immediately while being agile enough to quickly address any business needs that may have unexpectedly shifted. For example, Simfoni offers category specific intelligence <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">dashboard<\/span>s that blend internal\/external data sources that allow the user to get quick, actionable intelligence that can be used to capitalize on new savings opportunities as they arise.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"5\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Focus<\/span><\/b><span data-contrast=\"auto\">. Each piece of your best-of-breed will focus entirely on its specific function. For users grappling with achieving a wide range of outcomes from a single suite solution, a best-of-breed solution can be easily deployed and managed alongside your existing suite solution &ndash; helping to fill in the gaps while ensuring targeted outcomes are achieved.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"5\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Easy UX<\/span><\/b><span data-contrast=\"auto\">. Best-of-breed solutions require less training, offer faster implementations, and will often come with a dedicated support team to ensure you are achieving outcomes quickly, rather than expending your own time (or your teams time) administering complex systems to seek out savings opportunities.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"5\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Security<\/span><\/b><span data-contrast=\"auto\">. With best-of-breed, a breach may only occur with one module, making the breach easier to contain and eradicate.&nbsp; This is important because with a suite solution, your entire application is easily compromised, and trying to fix it can be cumbersome.<\/span><span data-ccp-props='{\"201341983\":0,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abc2406 elementor-widget elementor-widget-text-editor\" data-id=\"abc2406\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong><span class=\"TextRun SCXW100085668 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW100085668 BCX0\">Best<\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">-of-<\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">breed is clearly a standout choice<\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">, <\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">but <\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">everything has <\/span><span class=\"NormalTextRun SCXW100085668 BCX0\">its<\/span><span class=\"NormalTextRun SCXW100085668 BCX0\"> disadvantages. Some cons of best-in-breed software include:<\/span><\/span><span class=\"EOP SCXW100085668 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e2fc0c elementor-widget elementor-widget-text-editor\" data-id=\"0e2fc0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"7\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Multiple application <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">dashboard<\/span>s<\/span><\/b><span data-contrast=\"none\">. Because you&rsquo;re using separate applications to perform different tasks, it&rsquo;s up to you to organize and centralize your data and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">dashboard<\/span>s. Providers like Simfoni can help ensure you have clear insights into ALL your spend data &ndash; regardless of where or which system the data resides in.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"7\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Multiple vendors<\/span><\/b><span data-contrast=\"auto\">. With multiple, integrated<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\"> best-of-breed solutions (different modules from different software companies), you&rsquo;ll have to manage relationships with more than one software provider. Some best of breed providers, like Simfoni, offer composable modules to ensure you have the functionality you need, when you need it, without having to contract with multiple vendors.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"7\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Multiple sign-ins<\/span><\/b><span data-contrast=\"auto\">. With multiple best of breed applications from multiple providers, chances are your teams are going to have multiple systems and logins to manage.&nbsp; But with Simfoni single sign-on, you can get access to all the functionality required with a single User ID.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"7\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Missing the Breadth of Suite Solutions.<\/span><\/b><span data-contrast=\"auto\"> Because suite solutions offer such complex functionality for core <a href=\"https:\/\/simfoni.com\/source-to-pay\/\" data-internallinksmanager029f6b8e52c=\"26\" title=\"Source to Pay\" target=\"_blank\" rel=\"noopener\">source-to-pay<\/a> processes, many feel there is no other choice but to implement and maintain a suite solution in their procurement technology stack. As we discussed earlier, more than likely there will be some gaps.&nbsp; Fortunately, many best-of-breed solutions offer out-of-the-box functionality that ensures a seamless integration with your existing suite solution.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-1ae431a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"5817\" data-id=\"1ae431a\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-454aab9\" data-eae-slider=\"22408\" data-id=\"454aab9\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-079721e elementor-widget elementor-widget-heading\" data-id=\"079721e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pros and Cons of Suite Solutions <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b756de7 elementor-widget elementor-widget-text-editor\" data-id=\"b756de7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW724225 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW724225 BCX0\">While best<\/span><span class=\"NormalTextRun SCXW724225 BCX0\">-of-<\/span><span class=\"NormalTextRun SCXW724225 BCX0\">breed <\/span><span class=\"NormalTextRun SCXW724225 BCX0\">can be an excellent choice, <\/span><span class=\"NormalTextRun SCXW724225 BCX0\">suite solutions do have <\/span><span class=\"NormalTextRun SCXW724225 BCX0\">their <\/span><span class=\"NormalTextRun SCXW724225 BCX0\">advantages<\/span><span class=\"NormalTextRun SCXW724225 BCX0\"> and <\/span><span class=\"NormalTextRun SCXW724225 BCX0\">could<\/span><span class=\"NormalTextRun SCXW724225 BCX0\"> be a better fit for some businesses. Some of the possible advantages of suite solutions include:<\/span><\/span><span class=\"EOP SCXW724225 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d850e2b elementor-widget elementor-widget-text-editor\" data-id=\"d850e2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><b><span data-contrast=\"auto\">Deep, Complex Functionality. <\/span><\/b><span data-contrast=\"auto\">Suite solutions<\/span> <span data-contrast=\"auto\">offer intricate functionalities to help manage the entire lifecycle of your procurement process, from <a href=\"https:\/\/simfoni.com\/sourcing\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Sourcing\" target=\"_blank\" rel=\"noopener\">sourcing<\/a> to <a href=\"https:\/\/simfoni.com\/contract-management\/\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Contract Management\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">contract management<\/span><\/a>. As long as the right platform is chosen based on your organization&rsquo;s needs and you have the right team to manage its many components, a suite solution can be a valuable asset.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li><b><span data-contrast=\"auto\">Integration<\/span><\/b><span data-contrast=\"auto\">. Most suite solutions have built-in integrations that allow for easy data transfers between applications in the suite, while best-of-breed solutions may require additional integration work between modules.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li><b><span data-contrast=\"auto\">Single vendor relationship<\/span><\/b><span data-contrast=\"auto\">. Instead of signing into multiple platforms and juggling different vendors, there is only one login and one vendor in a suite.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7e1830 elementor-widget elementor-widget-text-editor\" data-id=\"f7e1830\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW34934124 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34934124 BCX0\">If juggling fewer <\/span><span class=\"NormalTextRun SCXW34934124 BCX0\">applications and <\/span><span class=\"NormalTextRun SCXW34934124 BCX0\">vendors are your top priorities, a suite solution may be for you. However, the downsides of using a suite include:<\/span><\/span><span class=\"EOP SCXW34934124 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17b7642 elementor-widget elementor-widget-text-editor\" data-id=\"17b7642\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Administration. <\/span><\/b><span data-contrast=\"auto\">Suite administration requires<\/span> <span data-contrast=\"auto\">dedicated expertise and resources to deploy and manage the solution on an on-going basis. As one Simfoni customer explained of their suite user experience: &ldquo;I felt like I was in the cockpit of a 747 with no instruction manual.&rdquo;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">One-size-fits-all approach<\/span><\/b><span data-contrast=\"auto\">. As we discussed at the start &ndash; Suite solutions are very good at providing basic core source to pay functionality required for any large enterprise organization.&nbsp; However, a centralized suite is not a good fit for every organization. Evaluating your needs and the outcomes you want to achieve is always a good place to start.&nbsp;&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Substantial Investment<\/span><\/b><span data-contrast=\"auto\">. Deploying a suite solution requires a significant up front and ongoing investment. Businesses can feel stuck or locked into using a suite solution, even when it&rsquo;s not delivering, because of the exorbitant costs.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Outcome Limitations<\/span><\/b><span data-contrast=\"auto\">. While big procurement technology is ideal for companies that only want to deal with one vendor, it fails to deliver on many key features, such as deep <a href=\"https:\/\/simfoni.com\/spend-analytics\/what-is-spend-analytics-why-and-how-it-is-implemented\/\" data-internallinksmanager029f6b8e52c=\"24\" title=\"Spend Analytics\" target=\"_blank\" rel=\"noopener\">spend analytics<\/a> that pulls data from across various systems and locations, and optimizing an approach toward <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 <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/span><\/a>.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Adaptation problems<\/span><\/b><span data-contrast=\"auto\">. Suite solutions may not adapt well to real-world scenarios. Every company has unique needs and requirements, so a suite solution that is designed for a large enterprise may not be the right fit for your company. For example, it might not have the built-in rules you need to handle complex <span class=\"\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>bid<\/span>ding situations, or you might want to address your <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> only to discover that suite solutions do not address that specific need.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Watered-down Capabilities<\/span><\/b><span data-contrast=\"auto\">. A suite can have lackluster capabilities in a specific area or could be missing features that are essential to your business needs. Some suites have limited functionality in certain areas because they prioritize the needs of larger organizations rather than smaller companies.&nbsp;<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Higher stakes.<\/span><\/b><span data-contrast=\"auto\"> &ldquo;We apologize for the technical inconvenience, we are working to resolve this issue&rdquo; doesn&rsquo;t cut it with enterprises that depend on their tech all day every day, nor is it convenient for a company of any size. Relying on a single vendor for your end-to-end technology stack adds an additional layer of risk that can introduce more downtime and negatively impact your business.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"4\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Failure to address<\/span><\/b><span data-contrast=\"auto\">. Suite software falls woefully short in certain areas of procurement that many organizations deem as essential, such as the aforementioned <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>, as well as <a href=\"https:\/\/simfoni.com\/category-management\/what-is-category-management-how-and-why-is-it-important\/\" data-internallinksmanager029f6b8e52c=\"21\" title=\"Category Management\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">category management<\/span><\/a> and analytics.<\/span><span data-ccp-props='{\"201341983\":0,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-61074e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"78234\" data-id=\"61074e7\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c2935a5\" data-eae-slider=\"24371\" data-id=\"c2935a5\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81cdfa0 elementor-widget elementor-widget-heading\" data-id=\"81cdfa0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Alt-Suite Solutions: A Superior Option? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9862480 elementor-widget elementor-widget-text-editor\" data-id=\"9862480\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun Underlined SCXW66514063 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun CommentStart SCXW66514063 BCX0\">Like suite solutions, a<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">lt-<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">s<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">uite<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">s <\/span><\/span><span class=\"TextRun SCXW66514063 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW66514063 BCX0\">are comprised of individual modules coming together to form a collective unit.&nbsp; However, <\/span><span class=\"NormalTextRun CommentStart SCXW66514063 BCX0\">unlike traditional suites<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">, alt-suites are designed with a<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">n outcome-focused<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\"> approach that <\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">still <\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">allows companies to mix and match best-of-breed solutions for the various needs of their <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">procurement strategy<\/span>. <\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">And b<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">ecause it&rsquo;s modular, <\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">it can still work<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\"> seamlessly<\/span><span class=\"NormalTextRun SCXW66514063 BCX0\"> alongside traditional suite solutions. <\/span><span class=\"NormalTextRun SCXW66514063 BCX0\">Some additional benefits of composable procurement technologies, or alt-suite platforms include:&nbsp;<\/span><\/span><span class=\"EOP SCXW66514063 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad3cac9 elementor-widget elementor-widget-text-editor\" data-id=\"ad3cac9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"6\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Built by experts within each category, thus highly specialized to meet individual needs.<\/span><\/b><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"6\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Modules can be easily swapped out and updated over time without impacting the functionality of the entire system.<\/span><\/b><\/li><li data-leveltext=\"&#9679;\" data-font=\"\" data-listid=\"6\" data-list-defn-props='{\"335552541\":1,\"335559684\":-2,\"335559685\":720,\"335559991\":360,\"469769242\":[8226],\"469777803\":\"left\",\"469777804\":\"&#9679;\",\"469777815\":\"multilevel\"}' aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comes with best-in-class customer service. <\/span><\/b><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3b507d elementor-widget elementor-widget-text-editor\" data-id=\"f3b507d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW148363157 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW148363157 BCX0\">Increasingly<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW148363157 BCX0\">we&rsquo;re seeing <\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">companies <\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">that had defaulted to a suite solution<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\"> turning to alt-suite<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">s<\/span> <span class=\"NormalTextRun SCXW148363157 BCX0\">to<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\"> regain the <\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">specialization <\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">capabilities of best<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">-of-<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">breed while<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\"> retain<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\">ing<\/span><span class=\"NormalTextRun SCXW148363157 BCX0\"> the ability to keep their procurement modules centralized.&nbsp;&nbsp;<\/span><\/span><span class=\"EOP SCXW148363157 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad0e1b7 elementor-widget elementor-widget-text-editor\" data-id=\"ad0e1b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #ff6600;\">Read More:-<\/span> <a href=\"https:\/\/simfoni.com\/procurement-technology\/composable-digital-procurement-technology-drives-maximum-value-creation-for-private-equity\/\" target=\"_blank\" rel=\"noopener\">Composable <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Digital Procurement<\/span> Technology Drives Maximum Value Creation for Private Equity.<\/a><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-32365ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"21659\" data-id=\"32365ce\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65b001d\" data-eae-slider=\"40901\" data-id=\"65b001d\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-325e445 elementor-widget elementor-widget-heading\" data-id=\"325e445\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69254af elementor-widget elementor-widget-text-editor\" data-id=\"69254af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW48755065 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW48755065 BCX0\">Hopefully <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">you&rsquo;ve gained insight<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> into the <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">three <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">types of procurement software currently available:&nbsp; Best<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">-of-<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">B<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">reed, Suite<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">,<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> and the newcomer, Alt-Suite, which is rapidly transforming the procurement software industry by offering companies <\/span><strong><a href=\"https:\/\/simfoni.com\/solutions\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff6600;\"><span class=\"NormalTextRun SCXW48755065 BCX0\">composable<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> solutions <\/span><\/span><\/a><\/strong><span class=\"NormalTextRun SCXW48755065 BCX0\">that <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">suit their specific needs<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> under one digital roof.<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">&nbsp; <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">As procurement continues to evolve into a critical <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">business <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">management <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">function<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">, alt-suite is certainly one to watch, as <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">it&rsquo;s currently<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> the one<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> type of<\/span> <span class=\"NormalTextRun SCXW48755065 BCX0\">solution that has <\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">the primary outcome<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\"> as its key focus<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">&mdash;<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">a<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">long with customer satisfaction<\/span><span class=\"NormalTextRun SCXW48755065 BCX0\">.<\/span><\/span><span class=\"EOP SCXW48755065 BCX0\" data-ccp-props='{\"201341983\":0,\"335559738\":240,\"335559739\":240,\"335559740\":276}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a9dc7c elementor-widget elementor-widget-text-editor\" data-id=\"9a9dc7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW57316734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW57316734 BCX0\">Build a procurement solution that fits your needs.&nbsp; <\/span><span class=\"NormalTextRun SCXW57316734 BCX0\">Simfoni<\/span><span class=\"NormalTextRun SCXW57316734 BCX0\"> offers alt-suite solutions with an <a href=\"https:\/\/simfoni.com\/spend-automation\/#:~:text=Pay%2DAs%2DYou%2DSave%C2%A0pricing%20model\" target=\"_blank\" rel=\"noopener\"><strong>outcome-based approach to payment<\/strong><\/a>, so your investment essentially pays for itself.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab9df3c elementor-align-left elementor-widget elementor-widget-button\" data-id=\"ab9df3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/simfoni.com\/demo\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-arrow-alt-circle-right\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256s111 248 248 248 248-111 248-248zm-448 0c0-110.5 89.5-200 200-200s200 89.5 200 200-89.5 200-200 200S56 366.5 56 256zm72 20v-40c0-6.6 5.4-12 12-12h116v-67c0-10.7 12.9-16 20.5-8.5l99 99c4.7 4.7 4.7 12.3 0 17l-99 99c-7.6 7.6-20.5 2.2-20.5-8.5v-67H140c-6.6 0-12-5.4-12-12z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">BOOK A CONSULTATION TODAY<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Table of Contents It&rsquo;s no secret that companies are realizing the benefits of digitizing their procurement function, particularly as teams are under increasing pressure to do more with less. The efficient management of procurement processes and workflows can be valuable&hellip;<\/p>\n","protected":false},"author":1,"featured_media":45855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[2732],"tags":[469,2670,475],"class_list":["post-45854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-software","tag-procurement-analytics","tag-procurement-dashboard","tag-procurement-software"],"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>Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software<\/title>\n<meta name=\"description\" content=\"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.\" \/>\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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software\" \/>\n<meta property=\"og:description\" content=\"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\" \/>\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=\"2022-09-15T07:54:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-15T14:01:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"942\" \/>\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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\"},\"author\":{\"name\":\"Simfoni\",\"@id\":\"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8\"},\"headline\":\"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You\",\"datePublished\":\"2022-09-15T07:54:14+00:00\",\"dateModified\":\"2022-09-15T14:01:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\"},\"wordCount\":1961,\"publisher\":{\"@id\":\"https:\/\/simfoni.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg\",\"keywords\":[\"Procurement Analytics\",\"Procurement Dashboard\",\"Procurement Software\"],\"articleSection\":[\"Procurement Software\"],\"inLanguage\":\"en\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/simfoni.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\",\"url\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\",\"name\":\"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software\",\"isPartOf\":{\"@id\":\"https:\/\/simfoni.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg\",\"datePublished\":\"2022-09-15T07:54:14+00:00\",\"dateModified\":\"2022-09-15T14:01:04+00:00\",\"description\":\"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.\",\"breadcrumb\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage\",\"url\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg\",\"contentUrl\":\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg\",\"width\":1800,\"height\":942,\"caption\":\"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simfoni.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You\"}]},{\"@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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software","description":"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.","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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/","og_locale":"en_US","og_type":"article","og_title":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software","og_description":"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.","og_url":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/","og_site_name":"Simfoni","article_publisher":"https:\/\/www.facebook.com\/SimfoniApps\/","article_author":"https:\/\/www.facebook.com\/SimfoniApps\/","article_published_time":"2022-09-15T07:54:14+00:00","article_modified_time":"2022-09-15T14:01:04+00:00","og_image":[{"width":1800,"height":942,"url":"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg","type":"image\/jpeg"}],"author":"Simfoni","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#article","isPartOf":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/"},"author":{"name":"Simfoni","@id":"https:\/\/simfoni.com\/#\/schema\/person\/afc4d1749ccc888582602619fc5b02b8"},"headline":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You","datePublished":"2022-09-15T07:54:14+00:00","dateModified":"2022-09-15T14:01:04+00:00","mainEntityOfPage":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/"},"wordCount":1961,"publisher":{"@id":"https:\/\/simfoni.com\/#organization"},"image":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage"},"thumbnailUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg","keywords":["Procurement Analytics","Procurement Dashboard","Procurement Software"],"articleSection":["Procurement Software"],"inLanguage":"en","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/simfoni.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/","url":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/","name":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software","isPartOf":{"@id":"https:\/\/simfoni.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage"},"image":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage"},"thumbnailUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg","datePublished":"2022-09-15T07:54:14+00:00","dateModified":"2022-09-15T14:01:04+00:00","description":"Right Procurement Software can provide your business with a wealth of analytics around your spend \u2013 helping to improve the speed and agility of your procure-to-pay process.","breadcrumb":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#primaryimage","url":"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg","contentUrl":"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/09\/Right-Procurement-Software.jpg","width":1800,"height":942,"caption":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software"},{"@type":"BreadcrumbList","@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/simfoni.com\/"},{"@type":"ListItem","position":2,"name":"Best-of-Breed, Suite, or Alt-Suite? Choosing the Right Procurement Software for You"}]},{"@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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#local-main-organization-logo"},"image":{"@id":"https:\/\/simfoni.com\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/procurement-software\/best-of-breed-suite-or-alt-suite-choosing-the-right-procurement-software-for-you\/#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\/45854","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=45854"}],"version-history":[{"count":0,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/posts\/45854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/media\/45855"}],"wp:attachment":[{"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/media?parent=45854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/categories?post=45854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simfoni.com\/wp-json\/wp\/v2\/tags?post=45854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}