Compare sourceit and SynerTrade - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - sourceit or SynerTrade?

SynerTrade is more expensive to implement (TCO) than sourceit, and SynerTrade is rated higher (90/100) than sourceit (76/100). SynerTrade offers users more features (6) than sourceit (5).

Looking for the right Procurement solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

sourceit Vs. SynerTrade

sourceit: sourceit manages RFQs and bids in one location simply and quickly, creating a better competitive environment. sourceit project manages milestones, artwork, variations and collaborative communications better. sourceit analyses every aspect of performance intelligence making for better decisions. sourceit delivers a better way to manage and order fro...

SynerTrade: SynerTrade, the European Leading Provider of Purchasing Software and Consulting, provides solutions and expertise that fully empower purchasing.With 235 Customers, SynerTrade has in-depth knowledge of purchasing issues in numerous industries. SynerTrade has a broad international presence with a 115-person team based in France, Germany, Romania, the...

Who is more expensive? sourceit or SynerTrade?

The real total cost of ownership (TCO) of Procurement software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for sourceit and SynerTrade.

sourceit price starts at $350 per month , On a scale between 1 to 10 sourceit is rated 2, which is much lower than the average cost of Procurement software. SynerTrade price starts at $59 per user/month , When comparing SynerTrade to its competitors, the software is rated 10 - much higher than the average Procurement software cost.

Bottom line: SynerTrade is more expensive than sourceit.

Which software includes more/better features?

We've compared sourceit Vs. SynerTrade based on some of the most important and required Procurement features.

sourceit: Project Budgeting, Auction Management, Supplier Qualification, Procurement, Supplier Management.

SynerTrade: Budget & Expense Management, Collaboration, Supplier Risk Management, Procurement, PO: Purchase orders.

Target customer size

sourceit's typical customers include: Small, medium and large size businesses, and SynerTrade's target customer size include: Medium and large size businesses.