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Synertrade positioned as the Leader in the SPARK Matrix for Strategic Sourcing Applications (S2C), Q3, 2023 by Quadrant Knowledge Solutions

Published November 11, 2023

Category: Procurement

Written by: Francesca Vannutelli

Francesca Vannutelli

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Paris, October 26th 2023: Quadrant Knowledge Solutions announced today that it has named Synertrade as a Q3, 2023 technology leader in the SPARK Matrix analysis of the Strategic Sourcing Application (S2C), market.

The Quadrant Knowledge Solutions SPARK MatrixTM: Strategic Sourcing Application (S2C), Q3, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Strategic Sourcing Application (S2C) vendors in the form of its SPARK Matrix. It gives users strategic information to evaluate vendor capabilities, competitive differentiation, and market position. 

Quadrant Knowledge Solutions define strategic sourcing application as “A comprehensive suite of tools designed to provide organizations with the capability to strategically analyze their spending patterns, fortify relationships with suppliers, and oversee performance tracking to alleviate potential risks.” This dynamic solution bestows upon businesses the ability to make informed decisions in alignment with their specific objectives, concurrently facilitating the reduction of overall ownership costs.

According to Akaash, Analyst at Quadrant Knowledge Solutions, “Synertrade empowers organizations with the Accelerate Source-to-contract solution, enabling them to streamline the digital procurement process. This solution covers everything from the initial phases of strategic sourcing to the management of vendor contracts for both direct and indirect materials.” Synertrade’s strategic sourcing application also includes advanced features such as collaborative demand management, supplier risk automation, procurement planning application and collaborative supplier qualification application, Akaash adds, “Synertrade has received strong ratings across the parameters of technology excellence and customer impact and has been placed as a leader in the SPARK MatrixTM: Strategic Sourcing Application (S2C), Q3, 2023 owing to its comprehensive & innovative S2C platform, a compelling vision & roadmap, an extensive partnership ecosystem, year-on-year growth, complete product offerings with support services, and in-depth domain experience.”

Olivier Berrouiguet, CEO of Synertrade, commented: “We are very proud for this achievement: Synertrade is providing deep focus on Source-to-contract solution, enabling procurement to be positioned as a trusted business advisor.  With a structured strategic sourcing approach, procurement professionals are not only able to significantly contain costs, but also improve efficiency in the organization, while ensuring that their suppliers’ values and practices are in line with the company’s objectives. In times of change and uncertainty, strategic sourcing is crucial as it also acts to monitoring the market and sourcing the right suppliers, while maintaining long-term relationships with them.

This achievement confirms our commitment to provide a secure, fast and on-time all-in-one Source to Pay platform. Our mission is to allow procurement leaders a deep governance and a Source to Contract solution to streamline the digital procurement process, from the initial phases of strategic sourcing to the management of vendor contracts lifecycle for direct and indirect materials

About Synertrade

Synertrade is a leading global provider of digital procurement solutions, with over 20 years experience. 

Synertrade Accelerate, the all-in-one cloud-based platform, covers the entire Source-to-Pay process, enabling CPOs and CFOs to efficiently orchestrate Source-to-Contract, Procure-to-Pay, Supplier Relationship Management processes in an integrated and fully digitised way, enhancing end-to-end collaboration across business functions. With over 400,000 connected users and 4,000,000 registered suppliers, the eProcurement platform now supports more than 250 companies worldwide such as Adevinta, Agco, DeA Capital, Dkv, Eolo, GFT, Groupama, Groupe Pochet, Hjf, Mediaset, Nortegas, Prysmian, Raja, Recordati, Schneider Electric, Tubacex, Vinci. With 10 offices worldwide, over 200 employees and 24/7 support in 6 languages, Synertrade is a satellite company of the Econocom Group.

Accelerate Procurement Agility. 

contactus@synertrade.com

www.synertrade.com

 

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as the strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. 

For more available research, visit: https://quadrant-solutions.com/market-research/

Media Contacts:

Synertrade  

Francesca Vannutelli Francesca.vannutelli@synertrade.com

Quadrant Knowledge Solutions
Mr. Ajinkya Ingle
Quadrant Knowledge Solutions
Email: ajinkya@quadrant-solutions.com   

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