Provides a Practical Guide for Leveraging Procurement to Drive Strategic Business Benefits and Corporate Valuation
SAN FRANCISCO, March 31, 2022 /PRNewswire-PRWeb/ -- Simfoni, the next generation digital solutions provider for procurement intelligence and spend automation, today announced that its CEO of Spend Intelligence, Jason Stern, will deliver a keynote address at the upcoming ProcureCon Indirect West 2022 event, April 11-13 in Phoenix, AZ, focused on how procurement can support Corporate Social Responsibility (CSR) goals and Environmental, Social, Governance (ESG) metrics.
"The events of the past few years have led to a titanic shift in perception about the strategic value of procurement and its role in driving a sustainable business," said Jason Stern, CEO, Simfoni Spend Intelligence. "Finally, procurement is becoming a board-level strategic initiative. I am pleased to welcome one of our valued customers, Fulton Bank, on stage with me at Procurecon, to discuss how procurement goals can— and should—align with the values of the company. Fulton Bank, along with many of our customers, is moving beyond tactical cost savings and avoidance to focus on the suppliers they are doing business with and what they are purchasing."
On Tuesday, April 12, ProcureCon Indirect West 2022 will focus on Driving Effective Procurement and Supplier Partnerships. Simfoni's Spend Intelligence CEO Jason Stern will at 11:55 am MST/PDT. Entitled "See Spend Differently: Procurement with a Purpose," his presentation will provide a practical guide for procurement leaders to leverage their spending practices in support of the priorities of investors, executives and other key organizational stakeholders. Stern will be joined by Keith Woody, Senior Vice President and Chief Procurement Officer at Fulton Bank, who will present a case study on how his organization has used spend analytics to increase supplier diversity.
"Simfoni's Spend Analytics platform has helped our procurement team to stretch beyond cost savings and become more strategically aligned with our organization's core strategy and values," said Keith Woody, Senior Vice President and Chief Procurement Officer, Fulton Bank. "Utilizing data has helped us to know our suppliers better, and to evaluate them on the basis of diversity, sustainability and risk. This practice has helped us to elevate and solidify our commitment to tracking CSR goals and ESG metrics."
A recent Forbes article, "The Business Benefits Of Corporate Social Responsibility" explored the linkage between companies with solid ESG metrics and Investors increased value of said companies. For example, the results of recent research from Project ROI, an endeavor spearheaded by research firm 10 Sustainability and the Babson College Social Innovation Lab, show that CSR practices have great potential to deliver financial Returns on Investment (ROI), as well as related business and competitive benefits. These benefits include increasing a company's market value up to 6% and stakeholder value by $1.28 billion (over 15 years), as well as reducing systemic risk by 4%. Attend the Keynote to learn how Procurement plays a key role in delivering improved ESG metrics.
To register for ProcureCon Indirect West 2022, visit https://procureconwest.wbresearch.com/srspricing. To learn more about Simfoni, please visit https://simfoni.com/, and stop by Booth #24.
About Simfoni
Simfoni provides Spend Analytics, Spend Automation and eSourcing solutions to leading global enterprises. The Simfoni platform utilizes machine learning and artificial intelligence to accelerate and automate key aspects of the procurement process, saving customers time and money and paving the way toward supply chain sustainability. With offices in the USA, Europe, Australia, and the Middle East, Simfoni works with its customers and the wider vendor community to improve vendor diversity and achieve strategic CSR objectives. For additional information, please visit https://simfoni.com/.
###
Media Contact
Rebeca West, Simfoni, 1 415-260-6094, [email protected]
Trish McLoughlin, Simfoni, 561-929-1408, [email protected]
SOURCE Simfoni
Share this article