SynerTrade: Vendor Analysis (Part 1) — Background and Solution Overview

Thanks to Spend Matters SolutionMaps, readers are likely familiar with six of the larger source-to-pay providers: SAP Ariba, Determine, GEP, Ivalua, Jaggaer and Zycus. (Coupa, we should note, competes only selectively as an end-to-end suite provider.) But they might not be familiar with SynerTrade, an S2P provider we most recently reviewed in 2016.

Two years ago, SynerTrade offered a sprawling set of platform-based procurement applications, not so dissimilar in approach from what Pool4Tool (now Jaggaer Direct) offered at the time. But since then, SynerTrade has developed a globally competitive set of capabilities, creating an integrated suite model built on a common platform — with 34 individual apps available on top of it.

How SynerTrade compares with other providers will become clearer when we release our Q1 2018 SolutionMaps in March. For now, this Spend Matters PRO series offers an updated primer on SynerTrade, providing facts and expert analysis to help procurement organizations decide whether they should include it on their shortlists.

Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider SynerTrade. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.