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Press Release

Synertrade has been recognized as  Visionary in Gartner’s 2019 Magic Quadrant for Procure-to-Pay Suites for the second consecutive year. According to Gartner, “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, stating:

“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.”

We believe this recognition from Gartner is another great achievement for an already outstanding 2019 for Synertrade.

Gartner, Magic Quadrant for Procure-to-Pay Suites, Magnus Bergfors, et al, 31 July 2019

 

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

About Synertrade 

With +700 customers worldwide, Synertrade is a leading global provider of digital procurement solutions. Its cloud-based platform, Synertrade ACCELERATE, covers the entire purchasing process thanks to a set of easy to use, flexible applications Synertrade ACCELERATE is a complete eProcurement Suite that manages +600 billion $ spend each year, and widens the performance of Procurement and Finance departments in companies such as Luft¬hansa, Schneider, Campari, Alstom, T-Systems, Sanofi, Metro Group, Google, AGCO, LSG Sky Chefs, Walmart and the World Bank. With 22 offices worldwide and a 24/7 assistance in 10 languages, Synertrade brings real expertise and a local service to its customers to optimize their purchasing processes around Source to Contract, Procure to Pay, SRM (Supplier Relationship Management), spend analysis and Purchasing Intelligence.

Synertrade is one of the entities of the Econocom Group.