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Press Release

Partnership to Advance Both Companies’ Leading Procurement Solutions

Munich, Germany and Boston MA, USA: Nipendo and Synertrade today announced the formalization of their partnership for the mutual resale of their respective solutions: Nipendo’s RPA (Robotic Process Automation) platform for P2P (Purchase-to-Pay) process automation, and Synertrade’s Source-to-Contract solution.

“Synertrade is a powerful player in our space, a global company with strong reputation in areas that complement our activities – supplier relationship management, source-to-contract and procure-to-pay,” said Eyal Rosenberg, Co-Founder and CEO of Nipendo. “Working with the team in Germany has been an extremely positive experience and I’m confident that in the coming months we’ll see a ramping of activities by both companies in each other’s markets,” he added.
The combined Synertrade-Nipendo solution is the most advanced Source-to-Pay solution presented to the marketplace to date. It supports all types of spend for both Goods and Services, covering close to 100% of the enterprise’s spend with over 95% adoption rate of all types and sizes of suppliers. Embedded with RPA and AI, the platform offers complete touchless and error-free process execution.

Nipendo developed the world’s first RPA platform for P2P and AP processes automation designed and built over AI architecture and infrastructure, facilitating modularity, flexibility and transparency in procurement, supply chain, accounts payables and payments across all types of spend, supporting endless variations of P2P process logic through configuration only, and zero coding.

The Nipendo platform supports enterprises in three primary ways:
1) Enabling them to maintain existing ERP systems and P2P processes, thereby strengthening their ROI
2) Enhancing supplier participation to the tune of 90% and above, within a short time frame and regardless of their connection mode (portal/email/mobile/integration)
3) Automating all P2P processes across all spend categories, using Smart-Bots to replace manual workflows, process fulfillment follow-up and invoice reconciliation, thereby eliminating all errors, disputes and fraud.

“We’ve known Nipendo for a while and have developed a great relationship with its management, so moving forward with the formalization of our relationship is the natural next step,” said Andreas Schwarze, Executive Vice President Synertrade DACH. “We’re excited about outlining and pursuing specific action items that further expose Synertrade to the Israeli market as well as Nipendo to the DACH market,” he added.
Synertrade delivers a comprehensive, home-grown source-to-pay suite that enables enterprises in a variety of industries to gain greater spend visibility in a single platform without forcing each of their business units to change policies and processes. The company offers Supplier Relationship Management, Source-to-Contract, Analytics and Procure-to-Pay solutions in a single source code platform.

– The five apps for source-to-contract include: Spend Analytics, Product Management, e-Sourcing, Contract Lifecycle Management and S2C Intelligence.
– The five apps for procure-to-pay solutions include: Catalog Management, Purchase Requisition, Order & Receiving, and P2P Intelligence.
– The five apps for SRM include: On-boarding, Supplier Enrichment, Risk & Performance, Continuous Improvement and SRM Intelligence.

 

About Nipendo
Headquarters in Boston, MA, Nipendo developed a cloud-based platform for the intelligent automation of RFP-to-Pay processes. The platform streamlines and simplifies interactions between enterprises (buyers) and their suppliers across all spend categories of goods and services, and all supplier types and sizes. Using RPA, Machine Learning and AI technologies, the platform makes P2P processes touch-free and error-free. It provides process governance, compliance management and enforcement, audit and validation, dispute resolution and discrepancy management. For more information, visit www.nipendo.com or contact Ilan Friedman, info@nipendo.com, (678) 782-8085.

 

About Synertrade
Synertrade is a world leader in SaaS software supporting the Digital Transformation of Procurement processes. Our decison-making platform Synertrade ACCELERATE, covers the entire supply chain thanks to a set of flexible, scalable and easy-to-use applications. Today, it enables the management of hundreds billions euros of spend each year, and offers new performance opportunities to the Procurement and Finance departments of companies such as Google, Schneider, Salini Impregilo, Fresenius Medical Care, Alstom, Lufthansa, T-Systems, Renault, Mediaset, Bonduelle, Menarini, Altran, Metro, Club Med, AGCO, Smith & Wesson and more. Synertrade empower the Procurement Digital Transformation with passion and accountability. With more than 20 offices worldwide and 24/7 support in 10 languages, Synertrade provides expertise and local service to its clients for the digitalization of their Sourcing, Procurement and Supplier Relationship Management processes. Synertrade is a subsidiary of the Econocom Group. »