Synertrade Source-to-Pay Solutions

Synertrade provides a suite of source-to-pay software solutions designed to optimize procurement processes and improve supplier relationships. The platform encompasses three main functionalities: Supplier Relationship Management (SRM), Procure-to-Pay (P2P), and Source-to-Contract (S2C).

Supplier Relationship Management (SRM)

The SRM solution offers a comprehensive platform for managing supplier relationships from onboarding to strategic collaboration. Key features include:

• Supplier Information Management: Centralized data repositories for supplier information.
  
• Risk Assessment: Tools for evaluating and managing supplier risk.
  
• Performance Evaluation: Metrics and analytics to assess supplier performance.
  The SRM aims to enhance data quality and compliance, ensuring efficient supplier interactions.
  
  

Procure-to-Pay (P2P)

The P2P solution streamlines and automates purchasing processes, facilitating collaboration between Procurement and Finance. It offers features such as:

• Catalog Management: Manage product catalogs effectively.
  
• Order Processing: Efficient handling of purchase requisitions and order receiving.
  
• E-Invoicing: Digital invoice management for quicker reconciliation.
  This solution helps organizations save time, reduce maverick spending, and improve spend transparency.
  
  

Source-to-Contract (S2C)

The S2C solution optimizes procurement from strategic sourcing to contract lifecycle management. Key functionalities include:

• Spend Analytics: In-depth analysis of spending data.
  
• E-Sourcing: Tools for effective vendor management and bid collection.
  
• Contract Lifecycle Management: Manage contracts efficiently for compliance and risk reduction.
  Each application within the S2C solution enhances efficiency and decision-making, benefitting procurement professionals.
  
  

By integrating these solutions, Synertrade enables organizations to enhance procurement efficiency, supplier collaboration, and compliance with regulatory requirements.