Synertrade

Overview

Synertrade is a global cloud-based source-to-pay and procurement management platform designed for mid-market and enterprise organizations. The platform unifies the end-to-end purchasing lifecycle, from strategic sourcing, contract management, and supplier risk analysis to purchase order execution and invoice processing. By combining AI-driven analytics with flexible module architectures, Synertrade gives finance and supply chain leaders end-to-end operational transparency, supplier risk oversight, and expenditure control.

What it does

• Automates strategic sourcing workflows including e-RFX events, competitive e-Auctions, and supplier selection
• Centralizes supplier relationship management (SRM) with automated onboarding, compliance tracking, and risk evaluation
• Streamlines procure-to-pay operations by automating purchase requisitions, order approvals, and invoice matching
• Manages contract lifecycles with automated milestone alerts, digital sign-offs, and compliance repositories.

Who it's for

• Enterprise Chief Procurement Officers (CPOs)
• Supply Chain & Operations Directors
• Global Strategic Sourcing Managers
• Accounts Payable & Finance Operations Teams

Why it works

• Modular architecture allows enterprise teams to deploy specific procurement modules and scale as operational needs grow
• End-to-end integration across sourcing, contracting, and payment prevents data silos and compliance gaps
• In-house deployment and configuration support reduces reliance on external third-party implementation partners
• Built-in supplier risk and ESG tracking safeguards global supply chains against regulatory and market disruptions.

Founder story

Synertrade was founded in 2000 in Munich, Germany, to modernize complex B2B procurement and purchasing processes. The founders recognized that enterprise supply chains were hampered by manual paperwork, fragmented vendor communication, and limited spend visibility. They created Synertrade as a unified digital platform to digitize the entire source-to-pay lifecycle, leading to its acquisition by Digital Dimension (Econocom).

Alternatives

• Coupa
• SAP Ariba
• Ivalua
• GEP SMART

Comparison overview

• Synertrade utilizes an in-house delivery model for software configuration and ongoing client support, whereas competitors like SAP Ariba heavily rely on third-party system integrators for enterprise implementation.
• Synertrade provides modular flexibility allowing clients to deploy individual sourcing or vendor management modules independently without committing to a monolithic suite.