Simfoni Showcases Procurement AI Innovation at Snowflake World Tour
CTO Alan Buxton shares how an AI-ready data foundation is accelerating procurement innovation at Snowflake World Tour
Simfoni, a global provider of spend intelligence and procurement automation solutions, today shared how its early adoption of Snowflake Postgres is giving procurement teams an AI-ready foundation, following a presentation by Chief Technology Officer Alan Buxton at Snowflake World Tour in New York.
Procurement AI can only act on the data it can see. Simfoni now connects day-to-day purchasing data, such as quotes, purchase orders and contracts, with its spend analytics through data mirroring. That gives Virgil, its native AI agent, a complete picture of how an organization buys. Simfoni moved two core production applications to the new foundation in about six weeks. The deployment reduced database costs by 17% compared with Simfoni's already optimized AWS RDS setup and returns results 7% faster, so procurement teams get answers sooner. Without custom data pipelines to maintain, Simfoni's engineers can focus more time on building new capabilities for customers.
For procurement teams, that unified foundation opens the door to new capabilities in development for Virgil S2C. Live price benchmarking will let buyers compare a quote they've received against similar purchases across their organization and the wider Simfoni Network, helping them assess price competitiveness and identify potential savings, faster. Automated intake-to-quote will analyze the quotes and invoices a buyer already has and identify potential new suppliers across the Simfoni Network, making buying faster and easier, while supporting compliance.
"When you're choosing a procurement platform, look at how good it is today, and also at how fast it's improving," said Alan Buxton, Chief Technology Officer at Simfoni. "We build on a great platform in Snowflake and push it as far as it will go, which is why we were early adopters of Snowflake Cortex last year and of Snowflake Postgres this year. Our customers don't need to follow every development in data infrastructure. They can count on Simfoni to turn those developments into AI capabilities, helping them continuously get more value from their investment."
Simfoni's pace of innovation shows in Virgil's progress. Two years ago at Simfoni LIVE, Virgil was a vision. Last year it began handling its first tasks, and today it supports the full source-to-contract process, with new capabilities continuing to arrive.
To see Virgil in action, visit simfoni.com to request a consultation.
Media Contact
Trish McLoughlin, Simfoni, 1 415-231-3691, [email protected], simfoni.com
SOURCE Simfoni