Leader in the SPARK Matrix SRM & Risk Management
Synertrade positioned as Leader in the SPARK Matrix for Supplier Relationship & Risk Management Q2, 2023 by Quadrant Knowledge Solutions
Synertrade has received strong ratings across the parameters for technology excellence & customer impact and has been placed as a leader in the SPARK MatrixTM: Supplier Relationship & Risk Management, Q2, 2023, owing to its flexible pricing structure, comprehensive technology features, service capabilities, strong partnership ecosystem, existing vendor relationships, and strong customer references.
Pruthvi Raj V, Analyst, Quadrant Knowledge Solutions
● The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Supplier Relationship & Risk Management vendors.
● Synertrade, with its comprehensive technology for Supplier Relationship & Risk Management, receives strong ratings across the parameters of technology excellence and customer impact.
Paris, May 10th 2023: Quadrant Knowledge Solutions announced today that it has named Synertrade as a Q2, 2023 technology leader in the SPARK Matrix analysis of the global Supplier Relationship & Risk Management market.
The Quadrant Knowledge Solutions SPARK MatrixTM includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Supplier Relationship & Risk Management vendors in the form of its SPARK Matrix. It gives strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
Quadrant Knowledge Solutions defines a Supplier Relationship & Risk Management Solution as “a software application that effectively manages relationships with suppliers & businesses while mitigating the associated risks. Supplier relationship management (SRM) focuses on helping businesses seamlessly handle supplier selection, onboarding, performance, and engagement. While risk management helps businesses recognize, manage, and measure risks (economic, environmental, legal, political, and others) throughout the supplier lifecycle. The software provides complete visibility into supplier performance and risk assessment by gathering, monitoring, and analyzing data from multiple internal and external sources. The software also helps automate workflows while adhering to company and government compliance.”
According to Pruthvi Raj V, Analyst, Quadrant Knowledge Solutions, “Synertrade through its expertise in cloud-based procurement solutions offers supplier relationship & risk management software that enables end-users to manage supplier risk and relationships efficiently. Through its partnership, Synertrade offers an intuitive dashboard and reporting capabilities that enable users to get customized solutions for analytics. The company’s major focus is on the European Market, expanding globally with dedicated teams and catering to all industry segments. The company has a considerable revenue generated through its SRM offerings and a decent number of overall customer acquisitions in 2022.” Pruthvi Raj further adds, “Synertrade has received strong ratings across the parameters for technology excellence & customer impact and has been placed as a leader in the SPARK MatrixTM: Supplier Relationship & Risk Management, Q2, 2023, owing to its flexible pricing structure, comprehensive technology features, service capabilities, strong partnership ecosystem, existing vendor relationships, and strong customer references.”
Olivier Berrouiguet, CEO of Synertrade, commented: “We are very proud for this achievement: Synertrade is providing deep focus on Supplier relationship and Risk monitoring, embedding reliable and multi-source KRI in its Source to Pay suite. We empower companies facing supply chain disruptions to gain resilience and competitive advantage. In times of change and uncertainty, the agility to adapt data-driven business decisions confirms procurement’s strategic role in close collaboration with other business functions.
This achievement confirms our commitment to provide a complete and reliable Source to Pay platform, allowing procurement leaders deep governance in Supplier Relationship and Risk Management through a no-code platform and services.”
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, visit: https://quadrant-solutions.com/market-research/