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What is Trace Spend?

Presenting an all-inclusive procurement application tailored for teams that thrive on multitasking. This innovative solution merges budget management, procurement workflows, and spending analytics into one cohesive platform. It streamlines financial oversight for budget managers and their teams, alleviating the burden of managing requests from diverse sources such as email, Slack, or Jira. With user-friendly workflows, the purchasing experience becomes effortless and intuitive. All requests are consolidated in a single hub, using a straightforward workflow that engages users by asking a few questions at once. Vendors and contracts can be added immediately or at a later stage, providing much-needed flexibility. As users work through transactions, they can construct and adjust purchase plans from the ground up, adapting to evolving needs. The approval process can involve various departments, including procurement, IT, legal, and finance, ensuring comprehensive participation through customizable workflows. This collaborative approach not only enhances communication but also significantly improves the overall efficiency and responsiveness of the procurement process. Ultimately, this platform empowers teams to optimize their resources and streamline operations like never before.

What is Simfoni?

Analytics powered by artificial intelligence can streamline the organization and simplification of your intricate data. Gaining insight into your spending habits serves as an excellent starting point, whether your goal is to cut costs or transition to a digital format. Simfoni Spend Analytics, integrated within our Spend Intelligence Platform, delivers comprehensive data management and valuable insights concerning pricing, vendors, overall expenditure, categories, and diversification, facilitating intelligent and strategic purchasing decisions. Additionally, an intuitive eSourcing solution enhances procurement processes with advanced automation and distinctive insights, enabling users to swiftly identify optimal award choices for suppliers. This eSourcing system not only generates significant savings for procurement teams but also conserves time, boosts efficiency, and minimizes the duration needed to finalize new contracts. By gathering all pertinent information, businesses can make better-informed choices regarding their supplier relationships, ultimately leading to improved procurement outcomes.

Media

Media

Integrations Supported

Amazon Web Services (AWS)
Google Cloud Platform
Microsoft 365
Microsoft Excel
NetSuite
QuickBooks Online
Sage Intacct

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Trace

Date Founded

2017

Company Location

United States

Company Website

www.tracehq.com

Company Facts

Organization Name

Simfoni

Date Founded

2015

Company Location

United States

Company Website

simfoni.com

Categories and Features

Budgeting

Not specified

Spend Management

Not specified

Categories and Features

Procurement

Contract Management
Spend Management
Supplier Management

Sourcing

Not specified

Spend Analysis

Not specified

Spend Management

Procurement Management
Spend Analysis
Spend Control
Supplier Management

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