Source to Contract

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 contract lifecycle management and help them achieve more savings while working faster, more efficiently. Meanwhile, procurement managers benefit from more visibility on procurement activity and higher contract compliance.

Key Benefits

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15-20% process time savings on tenders

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Increased vendor competition

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Higher visibility and contract compliance

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Easier savings and performance capture

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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

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Maximum flexibility to build online RFIs, RFPs, RFQs…

source to contract solutions & bid analysis for contract lifecycle management Advanced bid analysis and awarding capabilities

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9 different auction types for successful online negotiations

Powerful authoring and monitoring capabilities for contracts

The 5 Apps for Source to Contract solution

Spend Analytics

Product Management

E-Sourcing

Contract Lifecycle Management

S2C Intelligence

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