SynerTrade Review - why 4.1 stars?

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.

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

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

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

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.

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

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.