Munich, July 22nd 2016.- After the first quarter’s record expansion of more than 75 % in Q1 2016, the SynerTrade Group is reporting yet further growth: 50% more revenue, compared to preceding year’s figures.
Despite its aggressive expansion, SynerTrade remains profitable in the first half year. Once more, the crucial factors were a strong growth in all the countries where SynerTrade is active, more than 20 new customers across all industries, tremendous customer loyalty and a contract renewal rate of 98%.
After having achieved great successes in the past year by founding offices in Sweden, the Netherlands and Italy, we will advance another step with SynerTrade Iberica and the United Arab Emirates. We are confident that we will be able to further bring our potential to fruition in the Spanish market as well as the Arab Gulf region
Eberhard Aust, CEO at SynerTrade
After the foundation of SynerTrade Iberica in Madrid, the group is now employing more than 200 experts.
Furthermore, a SynerTrade office was opened in the finance and business center Frankfurt am Main, in order to be available even easier for our customers in Central Germany.
The product innovations are mirroring this positive trend likewise: New apps allow for a mapping of the tender procedure standard PEPPOL, the EU chemical directive REACH and Category Management within SynerTrade’s procurement solution Accelerate.
The foundation for this advantageous development is laid by the dynamic SaaS software market on one hand and the automation of business processes, which are forcing procurement and finance departments in large companies to get increasingly efficient ePurchasing solutions on the other hand. The purchaser’s job description has changed drastically in the past years: Instead of minimizing cost, nowadays the focus is on the strategic objective of supporting business performance.
Last, but not least, SynerTrade intensifies its strategic partner relations and completes its product portfolio with world-leading partner applications for digital signatures DocuSign and supply chain risk riskmethods.