State of procurement digital transformation, part 1. An alternative approach, says amar ramudhin, professor and director of the university of hulls logistics institute, is to use the rosetta stone dictionary for spend analysis purposes, but continue to allow individual business units to retain their own coding conventions for transaction purposes. Ssp is the starting app for you as a supplier user after a login to the synertrade application accelerate. The application covers the entire procurement lifecycle, focusing on five main areas. Synertrade is an organic cloudbased sourcetopay platform that covers the entire purchasing process. Supplier answer to a questionnaire grid synertrade. Synertrade provides a broad and deep sourcetopay s2p suite spanning both procurement and operational requirements. The strategic sourcing application suite delivers four primary capabilities.
Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities. Synertrade accelerate is a cloudbased procurement platform designed to cover the entire purchase process and address the specific challenges and needs of any organization or business. The password shall allow suppliers to have access to the invitations to tender for which they have. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Powerful yet, easy to use features create a simple and intuitive shopping experience with. To reply to the questionnaires and grids you have been requested to, click on the tab tender elements. It is a flexible and customizable platform that is focused on ergonomics and easeofuse that ensures rapid user adoption and greater satisfaction in the process. Rapidratings provides the most sophisticated analysis of the financial health of public and private companies in the world. Ariba, eeebid, oracle and synertrade, all global players, offer outstanding. Nipendo and synertrade partner to provide a complete. With 15 offices worldwide and a 247 assistance in 10 languages, synertrade brings real expertise and a local service to its customers to optimize their purchasing processes around esourcing, eprocurement, srm supplier relationship management, spend analysis and purchasing intelligence, or even product innovation management.
For overall quality and performance, sap srm scored 9. Your suppliers can get going fast too, and with no supplier fees theyll love using coupas open business network. Press release the future strategy for strategic sourcing application suites market 2019, by key players like jaggaer, sap ariba, scout rfp, coupa, sap, gep, zycus. Since 2000, we help companies to meet all their procurement challenges in a different way. Independently of the application roles you will find analysis and my account links in the. Stephane baillargeau, procurement performance, tools and process director within procurement direction explains the reasons that motivated his choice. To help you navigate the strategic sourcing suite market, jaggaer is making available to you the recently released 2017 gartner magic quadrant for strategic sourcing application suites report at no charge to you this comprehensive report includes an indepth analysis of the strategic sourcing suite market, identifies the key providers. This software was created by synertrade which was founded in 1999. But simply installing a procuretopay tool wont guarantee better reporting, utilization or compliance for your enterprise. Procurement software should help gather data and analyse trends to maximise or improve profitability. The rest of spend is tied up in direct procurement erp and specialized systems vms, marketing, print, telecom, legal, etc. Gartner 2019 magic quadrant for procure to pay suites. Beyond simple spend analysis control, it is a matter of setting up a dashboard that makes it possible to track expenditure very closely and generate savings all along the procurement process.
The platform enables widescale deployment to all users dependent upon contracts information. What is strategic sourcing and why is it important. Use an easy sidebyside layout to quickly compare their features, pricing and integrations. With coupas procure to pay p2p system, you have everything you need for better spend optimization, more savings, and a higher roi. Synertrade is a leading international provider of cloudbased. Digital dimension acquires 90% of synertrades shares and thus enhances its digital transformation offerings synertrade, rated by gartner and cap gemini as one of the best and most comprehensive vendors of eprocurement and expense analysis solutions worldwide, today announced that its shareholder structure has changed. Contract discovery and analytics platform seal software. In the actions column, click the place values icon in order to open the selected questionnaire or grid to be completed. At the end of a selection process in which ten solutions were studied, synertrade was finally selected. Procurement organizations should use spend analysis to leverage buying power, reduce costs. Synertrade, a sourcetopay s2p suite provider with a strong customer foundation in europe, is one of more than a dozen s2p solutions now fighting for share in the north american market and beyond. Better known in france, germany and other countries in continental europe than in north america, synertrade is launching an expansion strategy targeting the u. Source to contract provides support for sourcing, auctions and. This analyst backed, userfriendly cloudbased platform focuses on sourcing, supplier relationship management, spend analysis, contract management, procuretopay, and other related functionalities.
Since we started using synertrade spend analysis solutions, we have reduced costs and been able to respond far more quickly to new business opportunities and challenges. Our proprietary process gives you a quick look at the general rating of sap srm and synertrade accelerate. Since 2000, synertrade has helped companies meet all their procurement challenges in a different way. Synertrade accelerate is a cloudbased supply chain management and procurement solution for medium and large enterprises. It incorporates various functionalities such as spend analysis, contract management, supplier management, strategic sourcing, invoicing, procurement, and much more. The synertradenipendo solution is the first sourcingtopayment platform that can be effectively used across all spend categories, e. The entire procurement data of the company can be analyzed for better decision making.
It can be easily fulfilled by gaining additional insight into. Gathering and managing procurement data makes it possible to reduce costs at multiple levels, benefitting the whole company. With sap fieldglass services procurement software, you can simplify how service providers are sourced, engaged and managed. The future strategy for strategic sourcing application.
The development of the mapped spend per commodity must be understandable and logic during the complete process processing of all rules in fixed sequence which. Most vendors offer these capabilities as separately licensable modules. Jeanpierre vigne, chief procurement officer at carrefour. Synertrade announces three new north american customers.
By designing the ssp supplier, the key assumptions taken into account were. A digital procurement tool focused on business intelligence gives valuable information on purchases to other departments. We ensure you significant results in areas including sourcing, project management, savings management, supplier network and inventory control. Automatic processing to clean and consolidate data rules engine to classify spend data multidimensional reporting to track spends manage rights and user assignments for visualizing reports drilldown functionality to focalize analysis. Automatic gathering of spend data from heterogeneous sources analyze data coherence and completion. Zycus procuretopay software is a nextgeneration suite featuring patented guided procurement system gps technology that ensures consistent and accurate buying decisions. Compare sap srm vs synertrade accelerate 2020 financesonline. Coupa is a spend management platform that provides a suite of cloud applications for finance, including procurement, expense management, and accounts payable. Procuretopay software solutions good procuretopay p2p systems are capable of bringing large amounts of spend under management by eliminating offcontract, maverick buying. Digital dimension acquires 90% of synertrades shares and. Rapidratings and synertrade partner to streamline supplier.
Synertrade accelerate is a complete eprocurement suite, managing over 500 billion spend each year, powering the performance of procurement and finance departments in companies such as alstom, bank, engie groupama, lafarge, lindt, lufthansa, sanofi, total, and many others. Magic quadrant for strategic sourcing application suites. Spend analysis, esourcing, contract management, supplier management and financial savings management. A powerful digital procurement tool must enable accurate and relevant analysis to increase the quality and finesse of the companys management, the opinion of vishal chouhan, vp of synertrade north america. Welcome, please enter your credentials different user. After the buzz caused by big data, companies need to engage in the era of smart data. See who you know at synertrade, leverage your professional network, and get hired. Procure to pay p2p solution procure to pay process. Spend analysis is a software and servicebased solution for cleansing, enhancing, classifying and analyzing spend data. Synertrade is one of the entities of the group econocom specializing in digital transformation. This spend matters plus analysis provides an introduction to. Download your complimentary copy of the 2017 report. Read this spend matters pro analysis to get all of the facts and expert analysis to determine if synertrade is right for your procurement organization, as well as other providers to consider in an evaluation alongside of it. Our eprocurement suite synertrade accelerate brings you to the.
Synertrade accelerate is a cloudbased platform designed to cover the entire purchase process and address the specific challenges and needs of any organization or business. Technology to provide a competitive edge for procurement. This spend matters plus analysis provides an introduction to synertrade for procurement organizations looking to understand whether they should consider adding the provider to their shortlists for consideration and competitive alternatives. Accelerate source to contract apps help you streamline the procurement process from the definition of your sourcing strategy to the management of your vendor. Gartner magic quadrant for procuretopay suites, magnus bergfors, william mcneill, patrick connaughton, kaitlynn sommers, micky keck, 31 july 2019.
Its key features include catalog, contract, requisition, sourcing, spend, purchase order, and supplier manager, invoice processing, and supplier web portal. Synertrade is a leading global provider of eprocurement software solutions that optimize purchasing and finance processes. Accelerate spend analysis software lets you to consolidate and analyze all your spending data, regardless of your processes complexity. Follow the global performance of the procurement department and the.
Jaggaer is the worlds greatest spend management company that enhances cloudbased business automation software solutions. On the one hand, spend analysis and suppliers management modules match in standard with our actual and future needs. Data analysis allows the purchasing department to make decisions quickly, on the right items, and to become fundamentally agile. Procurement software should give the user the facility to manage the risks in a better way and offer more significant benefits to the company. We identify 29 vendors to help it and procurement leaders navigate this. To help companies understand and maximize the value of the contract intelligence revealed by seal, the seal customer success team offers a businessbased analysis to help identify and prioritize projects with the most potential for savings, risk.