Oracle Procurement Cloud vs Synertrade

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Our analysts compared Oracle Procurement Cloud 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.

Synertrade Software Tool

Product Basics

Oracle Procurement Cloud is a cloud-based platform designed to automate and streamline the entire procurement process, from sourcing and requisitioning to contract management and payment. It offers features like spend analysis, supplier management, e-invoicing, and workflow automation, which are beneficial for businesses of all sizes. Popular features include its intuitive user interface, robust reporting capabilities, and integration with other Oracle Cloud applications. Users praise its ability to improve procurement efficiency, reduce costs, and increase visibility into spending. While pricing varies depending on specific needs, it typically falls within the range of $50-$100 per user per month, with annual subscriptions available. Compared to other solutions, Oracle Procurement Cloud offers a comprehensive suite of features and is well-suited for larger businesses seeking to optimize their procurement operations.

Pros
  • Streamlines procurement process
  • Improves visibility into spending
  • Reduces costs
  • Intuitive user interface
  • Robust reporting capabilities
Cons
  • Complex setup and configuration
  • Limited customization options
  • Steep learning curve
  • High cost of ownership
  • Limited integration with other systems
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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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$400/User, Monthly, Quote-based
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Tailored to your specific needs
Undisclosed
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Tailored to your specific needs
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Product Assistance

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Knowledge Base
24/7 Live Support
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Product Insights

  • Increased Efficiency and Productivity: Automate manual tasks, streamline workflows, and eliminate errors, freeing up valuable time and resources.
  • Improved Visibility and Control: Gain real-time insights into spending, inventory, and supplier performance, allowing for better decision-making and proactive risk management.
  • Reduced Costs: Optimize procurement processes, negotiate better deals with suppliers, and eliminate waste, leading to significant cost savings.
  • Enhanced Compliance: Ensure adherence to procurement policies and regulations, mitigating compliance risks and potential penalties.
  • Improved Collaboration: Connect buyers, suppliers, and other stakeholders on a single platform, fostering collaboration and communication.
  • Greater Agility and Responsiveness: Adapt quickly to changing market conditions and respond to opportunities with increased flexibility.
  • Improved Decision-Making: Access data-driven insights to support strategic sourcing decisions, enabling informed and optimized procurement strategies.
  • Reduced Risk: Mitigate risks associated with fraud, errors, and compliance issues, improving overall operational resilience.
  • Increased Sustainability: Promote sustainable procurement practices by optimizing resource utilization and reducing environmental impact.
  • Enhanced Supplier Relationships: Build stronger relationships with suppliers through improved communication, collaboration, and transparency.
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  • 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.
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  • Spend Analysis: Analyze historical spending data to identify trends, optimize purchasing decisions, and uncover cost-saving opportunities.
  • Sourcing and Requisitioning: Streamline the sourcing process with e-sourcing tools, manage requisitions efficiently, and automate approvals.
  • Contract Management: Create and manage contracts with suppliers, track performance against agreed terms, and ensure compliance.
  • Purchasing and Ordering: Automate purchase order creation, manage purchase orders efficiently, and track order status and deliveries.
  • Invoice Processing: Automate invoice processing with e-invoicing capabilities, match invoices to purchase orders, and manage exceptions efficiently.
  • Supplier Management: Onboard and manage suppliers, track performance and compliance, and collaborate effectively with key suppliers.
  • Reporting and Analytics: Generate comprehensive reports on spending, supplier performance, and procurement activities, providing valuable insights for data-driven decisions.
  • Workflow Automation: Automate routine tasks and approvals, streamline procurement processes, and reduce manual workload.
  • Integration with other Applications: Integrate with other Oracle Cloud applications like ERP,Financials, and Supply Chain Management for a holistic view of operations.
  • Mobile App: Access procurement data and manage tasks on the go using the mobile app, increasing accessibility and productivity.
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  • 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. 
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Product Ranking

#62

among all
Procurement Software

#17

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

90
58
100
11
98
74
100
83
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Budget Management
Dashboard and Reporting
Native Integration and Extensibility
Platform Capabilities
Platform Security
Supplier Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Oracle Procurement Cloud
Synertrade
+ Add Product + Add Product
Budget Management Contract Management Dashboard And Reporting Invoice Management Mobile Capabilities Native Integration And Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving And Inventory Management Requisitions Sourcing Spend Management Supplier Management 100 98 100 89 40 100 100 100 100 75 97 93 95 88 11 74 83 51 60 30 82 80 73 29 82 50 69 85 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
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User Sentiment Summary

Great User Sentiment 5 reviews
Great User Sentiment 30 reviews
84%
of users recommend this product

Oracle Procurement Cloud has a 'great' User Satisfaction Rating of 84% when considering 5 user reviews from 1 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.

4.2 (5)
n/a
n/a
4.3 (30)

Awards

SelectHub research analysts have evaluated Oracle Procurement Cloud and concluded it earns best-in-class honors for Budget Management, Contract Management, Native Integration and Extensibility, Product Catalog, Purchase Orders Management and Requisitions.

Budget Management Award
Contract Management Award
Native Integration and Extensibility Award
Product Catalog Award
Purchase Orders Management Award
Requisitions Award

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Synopsis of User Ratings and Reviews

Time savings: Users report significant time savings due to automation of manual tasks and streamlined workflows.
Improved visibility: Users appreciate the real-time insights into spending and supplier performance.
Enhanced collaboration: Many users highlight the benefits of the self-service portal for improving communication with suppliers.
Reduced errors: Automation and process control lead to fewer errors and improved data accuracy.
Scalability: Users value the ability to adapt the platform to their specific needs and grow with their business.
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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.
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Cost: Oracle Procurement Cloud can be expensive, especially for small businesses, due to subscription fees and potential implementation costs.
Complexity: Users report a steep learning curve and the platform requires significant training for full utilization.
Limited customization: Some businesses find the platform's customization options insufficient for their specific needs.
Integration challenges: Integrating Oracle Procurement Cloud with other systems can be complex and require additional resources.
Reporting limitations: Some users find the reporting capabilities not as robust as they need, requiring additional data manipulation.
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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.
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Oracle Procurement Cloud receives mixed reviews from users with typical procurement needs. Many users appreciate its ability to automate tasks, improve visibility, and enhance collaboration with suppliers. They report significant time savings and increased efficiencies compared to previous systems. One user states, "It has streamlined our procurement process significantly. We've reduced our purchase order processing time by 50%." Others highlight the platform's real-time insights and supplier portal, commenting, "The data is always up-to-date and readily available, which helps us make better decisions." and "Our suppliers love the self-service portal. It's made communication and collaboration much easier." However, some users find the platform expensive, particularly for small businesses. They also mention a steep learning curve and limited customization options. One user points out, "The subscription fees can be a burden for smaller companies, and the implementation process can be time-consuming and costly." Another user adds, "It took a while for our team to get comfortable with the interface, and we found ourselves wishing for more flexibility in tailoring the platform to our specific needs." When compared to other procurement solutions, users highlight Oracle Procurement Cloud's strengths in automation, collaboration, and data visibility. However, they also acknowledge the platform's complexity and cost, which can be deterrents for some. For example, one user comments, "Oracle Procurement Cloud offers more automation and reporting capabilities than SAP Ariba, but it comes at a higher price point." Another user adds, "Coupa is a more user-friendly option than Oracle Procurement Cloud, but it lacks some of the advanced features." Ultimately, the user reviews reveal that Oracle Procurement Cloud is a powerful tool with the potential to significantly improve procurement processes. However, its complexity and cost may make it a less attractive option for some businesses. Choosing the right platform depends on a careful evaluation of individual needs, budget, and technical expertise.

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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.

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Screenshots

Top Alternatives in Procurement Software


Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

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Procurify

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Synertrade

Tradogram

Workday Spend Management

Zycus

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