SynerTrade Review - why 4.1 stars?

SynerTrade Review
ITQlick Score: 90/100
ITQlick Rating: (4.1/5)
Pricing: 10/10 - high cost
Category: Procurement -> SynerTrade
Ranking:Ranked 2 out of 78 Procurement systems
Company: SynerTrade
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: SynerTrade pricing, SynerTrade alternatives
Shlomi LaviShlomi Lavi / updated: May 19, 2021

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What is SynerTrade?

SynerTrade Accelerate is a cloud-based supply chain management and procurement solution for medium and large enterprises. Its key features include catalog, contract, requisition, sourcing, spend, purchase order, and supplier manager, invoice processing, and supplier web portal. This software was created by SynerTrade which was founded in 1999. It is based in New York, New York and is operated by up to 500 employees.

What is SynerTrade rating? ()

The rating of SynerTrade is 4.1 stars out of 5 and the total score is 90 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are SynerTrade's typical customers?

The typical customers include the following business size: Medium and large size businesses.

Is SynerTrade the best Procurement?

SynerTrade is ranked 2 out of 78 software in their category (Procurement systems).

What are SynerTrade's pros? (3 Pros)

  • Highly customizable and flexible
  • Complete with basic to advanced features needed for a procurement software
  • Excellent customer support

What are SynerTrade's cons? (2 cons)

  • More expensive than other procurement management software
  • Reporting system needs improvement

Who are their main alternatives?

Zycus is a cloud-based procurement management solution for the same client size and price range as SynerTrade Accelerate. Zycus offers similar capabilities as Synertrade Accelerate such as supplier portal, shopping cart integration, lifecycle management, purchase order management, catalog updates, and auto conversion from request to PO.

However, Zycus does not offer collaboration space, bidding management, global procurement, and SRM intelligence which Synertrade Accelerate provides. Synertrade Accelerate is a better procurement solution than Zycus for its wider range of functions. Both have high vendor reputation online.

Bonfire is an on-cloud and on-premise bid management solution for medium and large enterprises as Synertrade Accelerate. However, Bonfire pricing is lower than Synertrade Accelerate.

Bonfire has supplier management, collaborative workspace, performance management, procurement management, bid management and purchasing management capabilities as Synertrade Accelerate. Still, Synertrade Accelerate gives more and better procurement management features than Bonfire. Both have excellent customer review ratings online.

What is the cost of SynerTrade?

SynerTrade Accelerate pricing is above the average cost of supply chain management and procurement software. It has strategic sourcing to contract lifecycle management has global and local procurement strategies, can build online RFIs, RFPs, RFQs, etc., and has advance bidding analysis and awarding capabilities. It also has nine auction types online, and contract authoring and monitoring.

It has five apps for source to contract solutions namely Spend Analytics, Product Management, E-Sourcing, Contract Lifecycle Management, and S2C Intelligence. Its procure to pay system to allow users to create Amazon-like webshop, use easy-to-use free purchase request form, collaborate with suppliers and clients, and track invoices.

Its apps include Catalog Management, Purchase Requisition, Order & Receiving, E-Invoicing, and P2P Intelligence. Its supplier chain management solution offers easy suppliers onboarding, fully customizable supplier database, supplier performance reporting, and project management. Its apps for this feature are Onboarding, Supplier Enrichment, Risk & Performance, Continuous Improvement, and SRM Intelligence.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 10 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for SynerTrade

What should you ask SynerTrade during a demo session? (65 questions)

Schedule a demo with SynerTrade and access 65 must ask questions for the vendor while watching SynerTrade in action. Visit the vendor's website here.

Is it the right software for you?

SynerTrade Accelerate is beneficial for medium to large companies looking for seamless procurement and supply chain solutions. S2K Warehouse is widely used in different industries like building supply, electronics, and manufacturing. Among its known clients are Bosch, Carrefour, Vestas, Tokmanni, Agco, and Sanofi to name a few.

List of categories

Accounts Receivable
Project Collaboration
Supplier Management
Procurement
Contract Management
PO: Purchase orders
Project Budgeting
Bid Management
Supply Chain
Strategic Sourcing

List of features

Budget & Expense Management
Collaboration
Supplier Risk Management
Procurement
PO: Purchase orders
Contract Management

SynerTrade Vs. Alternatives

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SynerTrade
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4.1/5
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Pricing not available
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DeltaBid
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Precoro
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SCLogic
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Pricing not available
Functionality
5
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.