Home > Procurement Software > Jaggaer > Jaggaer vs Synertrade

Jaggaer vs Synertrade

Last Updated: November 18th, 2024

Our analysts compared Jaggaer vs Synertrade based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

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Product Basics

Jaggaer offers a comprehensive software solution designed to streamline Supply Chain Management tasks, including procurement, sourcing, and supplier management. This platform is particularly well-suited for large enterprises and organizations with complex supply chains due to its robust capabilities and scalability. Users benefit from enhanced visibility, improved efficiency, and cost savings through automated processes and data-driven insights.

Key features include advanced analytics, supplier collaboration tools, and contract management, which collectively foster better decision-making and stronger supplier relationships. Compared to similar products, Jaggaer is often praised for its user-friendly interface and extensive customization options, which cater to diverse business needs. Pricing typically varies based on the number of users and specific modules required, with options for annual or multi-year subscriptions, making it a flexible choice for different budgetary constraints.

Synertrade Accelerate is a cloud-based solution that helps optimize the purchasing process. Users can oversee the entire procurement process, from managing suppliers to sending invoices. It includes features like spend analysis, procurement management, contract lifecycle management, catalog management, purchase requisitions, supplier enrichment, onboarding and more. It offers services in over 20 languages worldwide.

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Product Insights

Optimize Spending: Analytics and AI-powered tools provide detailed insights to help make informed decisions and optimize spending across S2P (Source-to-Pay) processes.
Boost Employee Productivity: Enable focus on more important tasks and planning by using automated invoicing, inventory management and other operations.
Streamline Processes: Minimize supply chain uncertainty and risks through automation and adapting standard approaches using quality management tools.
Improve ROI: Source and evaluate several suppliers that drive better sourcing plans and improve performance. Following strategic approaches with consistent tracking and monitoring helps boost ROI.
Enhance Supplier Relationships: Improve collaboration speed by giving access to approvals, counter proposals and contract revisions in one place. Quick and easy communication and feedback exchanges help strengthen relationships with suppliers.
Accurate and Faster Invoicing: Eradicate unnecessary expenses and manual effort, speed up processing time, and reduce the chances of error with digital, automated invoicing.

Cost Reduction: Synertrade enables organizations to significantly lower procurement expenses by automating and optimizing the sourcing process, leading to better negotiation outcomes and volume discounts.
Enhanced Efficiency: By automating routine procurement tasks, Synertrade frees up valuable time for procurement teams, allowing them to focus on strategic decision-making rather than administrative duties.
Improved Spend Visibility: Synertrade provides comprehensive insights into company spending patterns, enabling businesses to identify cost-saving opportunities and make informed purchasing decisions.
Risk Management: With its supplier management capabilities, Synertrade helps companies mitigate risks by ensuring compliance and monitoring supplier performance, thus safeguarding against supply chain disruptions.
Strategic Sourcing: Synertrade facilitates a more strategic approach to sourcing by providing tools for market analysis, supplier evaluation, and contract management, ensuring the best value for procurement activities.
Compliance and Control: The software ensures that procurement processes adhere to company policies and external regulations, reducing the risk of non-compliance and enhancing internal controls.
Collaborative Platform: Synertrade fosters collaboration between internal stakeholders and suppliers, streamlining communication and making the procurement process more transparent and efficient.
Data-Driven Decisions: With advanced analytics and reporting capabilities, Synertrade empowers businesses to make data-driven decisions, optimizing procurement strategies for better outcomes.
Scalability: Synertrade's flexible architecture allows it to scale with a business's growth, accommodating an increasing number of suppliers and transactions without compromising performance.
Global Capabilities: Designed for global operations, Synertrade supports multiple languages and currencies, enabling seamless international procurement activities.
Innovation and Continuous Improvement: Synertrade is committed to innovation, regularly updating its platform with new features and technologies to address evolving procurement challenges and enhance user experience.

Analytics: Includes an embedded AI software that provides complete visibility of outcomes, operational supply chain and spend activities.
Contract Management:
- Spend Analytics: Provides access to view actionable insights anytime and anywhere for all spending. Helps identify saving opportunities and increase revenue via analytics.
- Supplier Management: Ensures optimal spend analytics by offering complete visibility of each supplier’s performance.
- Sourcing: Compare multiple scenarios and sourcing options, manage sourcing pipelines, and engage more with suppliers and evaluators, all of which help lower costs and build better relationships.
- Contracts: Digitize and streamline contracts, gain visibility across the lifecycle and create contracts with a single click.
- Category Management: Helps build, track and iterate for strategies handling digital procurement categories. Analytics helps drive all recommendations for future strategies and plans.
Procure-to-Pay Management:
- E-Procurement: Simplifies the shopping experience for buyers with features such as smart buying suggestions, automated reordering on contract, proactive tracking, automated approval workflows and more.
- Invoicing: Create, approve and manage all invoices through configurable automation capabilities. Digitize invoices, whether manual or electronic, to execute touchless conversion invoicing processes.
- Inventory Management: Drive savings and improve shopping experiences with connected internal stockrooms and procurement. Facilitate stock tracking and management and purchasing compliance.
Supply Chain Management: Automates supply chain management for purchasing direct materials. Includes:
- Supply Chain Collaboration: Enables electronic collaboration with suppliers and management of direct material purchasing operations.
- Quality Management: Collaborate with multiple suppliers and automate all quality management processes.

Spend Analytics: Gather and store data on spend, orders and invoicing. Analyze, process, classify and consolidate data, and access reports to track expenses. Visualize and personalize reports, export to MS Excel, and create and share presentations.
Product Management: Maintain, add and search product or services documents and data in a database, as well as approve and reject updates. Databases can sync with e-sourcing, CLM and P2P processes.
E-Sourcing: Gather requirements and use templates to create an RFI, RFP and RFQ. Get quotes from suppliers, conduct reverse auctions, analyze responses and initiate contracts.
Contract Lifecycle Management: Store, share and search for contracts from a single repository, manage the lifecycle of all contracts, and revise and analyze them internally or with suppliers. Sign contracts using digital signatures and increase compliance.
S2C Intelligence: Identify opportunities using multi-dimensional reports, browse data, customize reports and export or broadcast them.

Product Ranking

#5

among all
Procurement Software

#17

among all
Procurement Software

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Analyst Rating Summary

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Jaggaer

Synertrade

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83%

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83%

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90%

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86%

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33%

67%

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User Sentiment Summary

83%

of users recommend this product

Jaggaer has a 'great' User Satisfaction Rating of 83% when considering 122 user reviews from 4 recognized software review sites.

86%

of users recommend this product

Synertrade has a 'great' User Satisfaction Rating of 86% when considering 30 user reviews from 1 recognized software review sites.

4.6 (22)

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3.8 (9)

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4.6 (36)

4.3 (30)

3.7 (55)

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Synopsis of User Ratings and Reviews

All-in-One Solution: It’s a one-stop solution covering all analytics and spend management requirements, according to all reviews on capabilities.

Support Quality: More than 95% of reviews on this topic state that the company offers highly responsive and effective support to users.

Software Updates: The system rolls out consistent and helpful updates based on user feedback, which is a plus according to all reviews about updates.

User Interface: It has a UI that’s easy to use and navigate, according to 100% of reviews on the topic.

Easy to Use: According to all users mentioning this aspect, the system is very easy to use and doesn’t require training.

Customization: Every reviewer referring to this feature observes that the system can be tailored to their requirements.

Customer Support: The service team is always available and quick to respond, according to all reviews referring to this aspect.

Implementation: The system is easy to implement, according to 75% of users mentioning this element.

Procure-to-Pay: The procure-to-pay system is robust and flexible, as all the reviews on this feature note.

Data Security: It stores user data on a third-party public cloud, which all reviews on the topic cite as worrisome for the potential of a breach of data security and compliance issues.

Reporting Capabilities: Approximately 65% of reviews suggest that reporting features such as document exchange, exception handling and spend history need better communication among suppliers and their customers.

Item Search: More than 80% of reviews referencing this feature indicate that it’s slow and cumbersome to perform item searches.

Interface: The interface is clunky and has bugs in the experience of 60% of users mentioning this aspect.

Maintenance Services: All the reviewers mentioning this feature indicate there’s a need to improve it for more speed and accuracy.

Jaggaer helps manage the contract lifecycle end-to-end. It has an easy-to-navigate user interface, which is a noteworthy benefit of the tool. A comprehensive set of solutions and great support quality are some other pros most reviews mention. Users also like how the frequent software updates add more capabilities. However, questionable data security is a concern to weigh. Users also say the reporting tools need improvement and that the system has cumbersome item search options. Apart from potential security issues, it's a good option for those looking for a comprehensive contract management product.

Synertrade is an easy-to-use procurement system that helps streamline and manage the entire purchasing process. It offers quick customer support, along with easy customization and implementation. Users also appreciate how flexible and robust the procure-to-pay functionality is. However, the interface is clunky and has bugs, and the maintenance services require improvement to provide greater accuracy. Overall, it’s a good choice for companies looking for a user-friendly and customizable system with catalog management.

Screenshots

Top Alternatives in Procurement Software

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GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

Related Categories

Contract Lifecycle Management Software

Order Entry Software

Procure To Pay Software

Purchasing Software

SRM Software

Strategic Sourcing Software

Supply Chain Management Software

Supply Chain Planning Software

Procure To Pay Software

Purchasing Software

Strategic Sourcing Software

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FAQ

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