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From Strategic Sourcing to Contract Lifecycle Management

 

Accelerate Source to Contract Apps help you streamline the digital procurement process from the initial phases of your strategic sourcing to the management of your vendor contracts lifecycle. Synertrade’s eProcurement software is designed to maximize savings and compliance, providing you with flexible solutions, such as procurement planning and contract management.

Finding the best vendors for each activity, negotiating with them and managing the resulting contracts are some of the main missions of procurement organizations.

For years, office tools have been the preferred procurement solutions to help buyers manage these daily tasks, but they have since proven their limits: a general lack of process, a limited collaboration between vendors and buyers, no knowledge-sharing within the company, and poor traceability are some challenges that large procurement departments are usually facing.

Dedicated strategic sourcing solutions help procurement executives manage the full source to contract cycle and help them achieve more savings while working faster, more efficiently. Meanwhile, procurement managers benefit from more visibility on the procurement activity and a higher contract compliance.

Key Benefits

 

strategic sourcing

15-20% process time savings on tenders

strategic sourcing

Increased vendor competition

strategic sourcing

Higher visibility and contract compliance

strategic sourcing

Easier savings and performance capture

strategic sourcing

Better negotiation results

Some Features of Synertrade’s Source to Contract Software

  • Elaborate global and local procurement strategies
  • Create tenders in no time based on templates to collect accurate and comparable bids from vendors all over the world
  • Analyze vendors’ responses to your tenders and make the right decisions based on advanced awarding scenarios
  • Drive transparent negotiations with vendors with our eAuction solution
  • Set-up contracts in a collaborative way and follow their performance over time
source to contract software & online requestsMaximum flexibility to build online RFIs, RFPs, RFQs…

source to contract solutions & bid analysisAdvanced bid analysis and awarding capabilities

source to contract auction tools9 different auction types for successful online negotiations

 S2C contract lifecycle managementPowerful authoring and monitoring capabilities for contracts