New York, August 16th 2019.- Synertrade has been recognized as Visionary in Gartner’s 2019 Magic Quadrant for Procure-to-Pay Suites for the second consecutive year.
The procure-to-pay suite market is growing rapidly as organizations seek automation and innovation to control spending and improve supplier collaboration. Application leaders responsible for procurement should use this evaluation of 13 vendors to assist their vendor selection process
Further, according to the report, “visionaries are ahead of most potential competitors in delivering innovative products and/or delivery models. They are typically smaller vendors or newer entrants that embody trends which are shaping, or will shape, the P2P market. There may be some lack of awareness of these vendors in the market and some concerns about their ability to execute effectively. Visionaries have a strong vision and roadmap, which brings innovation and strong functionality to their platforms. Visionaries may be a good choice for organizations that want innovation without a big brand or a high price. These vendors may also give customers an opportunity to skip a generation of technology. They may offer a competitive advantage or offer a chance to influence their product roadmap. They might be acquired or face a challenge to increase their market share. However, as these vendors mature and prove their Ability to Execute, they may become Leaders.”
2019 has been a year of strong focus on AI and RPA for Synertrade. Synertrade is dedicated to leading the way with RPA in the procure-to-pay space. Eberhard Aust, CEO of SynerTrade, was especially proud to see that Synertrade was recognized by Gartner as a Visionary.
We know that RPA is an important priority for our customers; we have been working hard to be a front-runner in this area and are glad to see that our customers are benefiting from that work
Eberhard Aust, CEO and Founder at Synertrade
We believe this recognition from Gartner is another great achievement for an already outstanding 2019 for Synertrade.