- The Quadrant Knowledge Solutions SPARK Matrix™
provides competitive analysis and ranking of the leading supplier
relationship and 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.
MIDDLETON, Mass., April 30, 2024 /PRNewswire/ -- Quadrant Knowledge
Solutions announced today that it named Synertrade as the 2024
technology leader in its SPARK Matrix™: Supplier Relationship and
Risk Management.
Quadrant Knowledge Solutions's SPARK Matrix™ includes a
detailed analysis of the global market dynamics, major trends,
vendor landscape, and competitive positioning. The study provides a
competitive analysis and ranking of the leading technology vendors
in the form of its SPARK Matrix™. It gives strategic information to
users for evaluating the capabilities, competitive differentiation,
and market positions of various vendors.
According to Vishal Poduri,
Analyst at Quadrant Knowledge Solutions, "Synertrade's
cloud-based procurement expertise enables it to offer a solution
that effectively manages supplier risk and relationships.
Synertrade's Accelerate platform offers innovative onboarding and
comprehensive supplier information management, providing
customization and efficiency for various industries. The platform's
granular risk assessment and proactive tools facilitate improved
supplier collaboration, compliance, and risk management. The
platform's adaptable, no-code approach and SynerConnect integration
highlight Synertrade's agility in the SRRM landscape." "Synertrade
has demonstrated a robust capability to address the multifaceted
demands of global clients, particularly emphasizing the European
and North American markets. With its extensive suite of solutions
tailored for effective supplier relationship and risk management,
distinguished customer engagements, a forward-looking technology
roadmap, and a platform that scales across diverse procurement
landscapes, Synertrade has received strong ratings for its
technological innovation and impact on customer success. As a
result, it has been positioned as a leader in the SPARK Matrix for
Supplier Relationship & Risk Management (SRRM) in 2024," adds
Vishal Poduri.
Olivier Berrouiguet, CEO of Synertrade, commented: "This
achievement validates our approach to the procurement market -
providing a best-in-class AI enabled platform to tackle key
priorities for CPOs, such as risk prevention, cost optimisation and
ESG. With the current unstable geopolitical environment, it's
critical to develop resilience, improve relationships with your
suppliers, and react quickly. The strategic function of procurement
demands modern, robust tools that make monitoring, assessing and
implementing supply chains and supplier relationships extremely
simple. The only way to achieve that is without vendor lock-in, or
roll-outs taking hundreds of days. We deliver complete projects
on-time, every time with our experienced no-code approach, and
in-house round the clock support. We've done that for hundreds of
companies globally. You can trust our quality and concentrate on
what's important - improving your supply chain to gain competitive
advantage.
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."
Additional Resources:
- For more information about Synertrade
About Synertrade
Synertrade is a leading global provider of digital procurement
solutions, with over 20 years experience.
Synertrade Accelerate, the all-in-one cloud-based platform,
covers the entire Source-to-Pay process, enabling CPOs and CFOs to
efficiently orchestrate Source-to-Contract, Procure-to-Pay,
Supplier Relationship Management processes in an integrated and
fully digitised way, enhancing end-to-end collaboration across
business functions. With over 400,000 connected users and 4,000,000
registered suppliers, the eProcurement platform now supports more
than 250 companies worldwide such as Adevinta, Agco, DeA Capital,
Dkv, Eolo, GFT, Groupama, Groupe Pochet, Hjf, Mediaset, Nortegas,
Prysmian, Raja, Recordati, Schneider Electric, Tubacex, Vinci. With
10 offices worldwide, over 200 employees and 24/7 support in 6
languages, Synertrade is a satellite company of the Econocom
Group.
Accelerate Procurement Agility.
contactus@synertrade.com
https://synertrade.com/
Media Contacts:
Francesca Vannutelli
Francesca.vannutelli@synertrade.com
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting
firm focused on helping clients achieve business transformation
goals with Strategic Business and Growth advisory services. At
Quadrant Knowledge Solutions, our vision is to become an integral
part of our client's business as a strategic knowledge partner. Our
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, please visit
https://quadrant-solutions.com/market-research/
Media Contact:
Mr. Ajinkya Ingle
Quadrant Knowledge Solutions
Regus Business Center
35 Village Road, Suite 100,
Middleton Massachusetts 01949
United States
Email: ajinkya@quadrant-solutions.com
Phone: (+1) 978-344-2770
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