SynerTrade: Vendor Analysis (Part 2) — Product Strengths and Weaknesses

SynerTrade, a procurement technology suite provider, is an example of a provider upending the status quo in source-to-pay (S2P) solution development. Providers in this formerly slow-moving technology market are now developing solutions at breakneck pace, enhancing or introducing technologies at an order of magnitude more quickly than in the past. In Part 1 of this Spend Matters PRO Vendor Snapshot series covering SynerTrade, we provided an overview of the provider and its solutions, as well as a company-level SWOT analysis and summary criteria for scenarios when procurement organizations should prioritize its solutions. In this analysis, we observe how SynerTrade's solution is one of the broadest — and in a few areas the deepest — solutions available in the market today and assess the provider’s strengths and weaknesses on the solution level.