Home > Procurement Software > Synertrade > Synertrade vs Tradogram

Synertrade vs Tradogram

Last Updated: November 18th, 2024

Our analysts compared Synertrade vs Tradogram 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

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.

Tradogram is a comprehensive procurement management software designed to streamline and enhance the procurement process for businesses of all sizes. It is particularly well-suited for organizations looking to gain better control over their spending, improve supplier relationships, and automate procurement tasks. One of the key benefits of using Tradogram is its ability to provide users with a clear and detailed view of their procurement activities, enabling more informed decision-making. The software boasts popular features such as purchase order management, supplier management, and spend analysis, which collectively contribute to a more efficient and cost-effective procurement process. When compared to similar products, users often highlight Tradogram's user-friendly interface and the flexibility it offers in customizing the platform to meet specific business needs. Pricing considerations for Tradogram typically involve a range that accommodates various business sizes, with payment options that may include monthly or annual subscriptions, ensuring that businesses can select a plan that best fits their budget and procurement volume.

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Small

Medium

Large

Small

Medium

Large

Windows

Mac

Linux

Android

Chromebook

Windows

Mac

Linux

Android

Chromebook

Cloud

On-Premise

Mobile

Cloud

On-Premise

Mobile

Product Assistance

Documentation

In Person

Live Online

Videos

Webinars

Documentation

In Person

Live Online

Videos

Webinars

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

Product Insights

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.

Cost Reduction: Tradogram helps businesses significantly reduce costs by streamlining procurement processes, enabling better negotiation with suppliers, and minimizing unnecessary purchases through improved spend visibility.
Enhanced Spend Visibility: It offers comprehensive insights into company spending patterns, allowing for more informed decision-making and strategic financial planning.
Supplier Management: Simplifies the management of supplier information, performance, and relationships, ensuring that businesses can easily access and evaluate critical data to make better sourcing decisions.
Process Efficiency: Automates routine procurement tasks, from requisition to purchase order creation, reducing manual errors and freeing up staff time for more strategic activities.
Compliance and Control: Enforces compliance with company purchasing policies and external regulations, minimizing the risk of fraud and ensuring financial integrity.
Scalability: Adapts to the growing needs of a business, supporting everything from basic procurement operations to complex, multi-layered processes without the need for significant changes to the system infrastructure.
Collaboration Improvement: Facilitates better communication and collaboration between departments and with suppliers, streamlining the procurement process and improving overall operational efficiency.
Risk Management: Helps identify and mitigate risks associated with supplier reliability and contract compliance, protecting the business from potential disruptions and financial losses.
Data-Driven Decisions: Provides actionable insights through detailed analytics and reporting features, enabling businesses to make data-driven decisions that improve procurement outcomes.
Customization and Flexibility: Offers a high degree of customization to fit the unique needs of each business, ensuring that the software can adapt to various procurement strategies and 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.

Multi-Level Management: Access a flexible, intuitive and personalized multi-level management tool that helps connect different departments across various locations all under one roof. Configure a collaborative administration dashboard to create and categorize departments and manage and track workflows while granting access levels to managers and users.
User Permissions: Delegate user roles with customizable permissions granting personalized access to a dashboard. Automate reports, enable notification alerts, and manage and review purchase orders. Verify account details and confirm orders before setting up automated integrations for the accounts payable process.
Supplier List: Create, categorize and organize a master supplier list within a centralized database. Onboard suppliers without an existing account and evaluate their performances based on supplier ratings.
Catalog: Create, import, organize and track orders based on an item master list for a streamlined workflow. Manage databases, add external items and first-time item orders during order creation, and link shopping carts using punch-out enabled technology.
Approval: Eliminate irregular expenditures by configuring a customizable hierarchical approval workflow. Enable instant automatic notification alerts for approvals and exempt specific users from certain approval rules.
Budget: Create budget levels and track company-wide expenditures, allowing visibility on all levels. Categorize budgets, manage project costs and limit excessive purchases by enabling automated notifications.
Inventory: Track stock levels, set up reorder threshold points and create purchase orders for requisition orders. Update inventory by booking in received stock.
Report Builder: Access an intuitive UI that helps generate customizable reports based on items, suppliers, locations, purchase order categories, document types and more. Automatically compile reports to help track orders at every stage. Analyze and access complete spend visibility in real time while granting limited control to each member to review spend reports.
Requisitions: Create multi-purpose requisitions which can be routed through supervisors for approval before getting turned into purchase orders. Access and track order requirements from a single, centralized dashboard.
Purchase Orders: Create, track, manage and set order approvals for purchase orders to limit extra spending and maximize procurement control. Access a centralized database and use filtered searches to gain full visibility and sort through orders based on required preference.
Requests: Add item details from an external list or database and save request forms in both RFQ and RFP formats. Create and track single-format requests to suppliers in real time.
Delivery Tracking: Organize delivery details, keep track of delivered orders and update them in the system automatically. Enable notifications in case of delayed delivery to maintain transparency between vendors and suppliers.
Invoices: Create, match and sync multiple invoice entries to ensure a three-way match for all orders. Integrate with accounting software, like Oracle and QuickBooks, to incorporate general ledger details in the invoice process.
Expenses: Draft and create expense reports while making customizable approval workflows in an expenditure tracking database.
Contracts: Plan, create, store and manage various contracts to minimize expenses. Use filtered searches to sort and track based on expiry date, category, supplier, location and more.
Instant Messaging: Enable notifications to access real-time responses and streamline communication within a unified database. Allow live collaboration between users and suppliers before finally passing it off for approval.

Product Ranking

#17

among all
Procurement Software

#71

among all
Procurement Software

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Analyst Rating Summary

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Supplier Management

Mobile Capabilities

Platform Capabilities

Sourcing

Requisitions

Purchase Orders Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Synertrade

Tradogram

+ Add Product + Add Product

13%

87%

75%

25%

80%

20%

70%

30%

83%

17%

83%

17%

56%

44%

56%

44%

60%

40%

100%

29%

71%

29%

83%

17%

100%

80%

20%

70%

10%

20%

75%

25%

92%

31%

69%

31%

77%

23%

85%

15%

50%

100%

60%

40%

80%

20%

85%

15%

85%

15%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

33%

67%

33%

67%

50%

83%

17%

User Sentiment Summary

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.

90%

of users recommend this product

Tradogram has a 'excellent' User Satisfaction Rating of 90% when considering 61 user reviews from 2 recognized software review sites.

n/a

5.0 (4)

n/a

4.48 (57)

4.3 (30)

n/a

Awards

Synopsis of User Ratings and Reviews

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.

Streamlined Sourcing: Tradogram simplifies the sourcing process by automating tasks like vendor discovery and RFx management, saving procurement teams valuable time and effort.

Enhanced Visibility: The platform provides real-time insights into spending patterns and supplier performance, enabling data-driven decision-making and improved cost control.

Collaboration & Communication: Tradogram fosters collaboration between procurement teams and suppliers through a centralized communication hub, streamlining negotiations and contract management.

Risk Mitigation: The platform's risk management tools help identify and mitigate potential supply chain disruptions, ensuring business continuity.

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.

Limited Customization: Tradogram's pre-configured modules might not fully align with the unique workflows and approval processes of every organization, potentially leading to inefficiencies or workarounds.

Learning Curve: The platform's extensive features and functionalities could present a steep learning curve for new users, requiring additional time and resources for training and onboarding.

Integrations: Seamless integration with existing ERP or financial systems might require additional configuration or development effort, potentially impacting implementation timelines and costs.

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.

Tradogram, a comprehensive procurement software solution, has attracted considerable attention in the market. Users frequently highlight its user-friendly interface and intuitive design, enabling effortless navigation and quick adoption for teams. The platform's robust reporting and analytics capabilities empower users with valuable insights into spending patterns, supplier performance, and overall procurement efficiency. This data-driven approach facilitates informed decision-making and optimization of procurement processes. Additionally, Tradogram's seamless integration with various enterprise resource planning (ERP) and accounting systems streamlines data flow and eliminates manual data entry, saving time and reducing errors. While Tradogram offers numerous advantages, some users note that its customization options could be more extensive to cater to specific industry or organizational needs. Furthermore, the initial setup and configuration process may require some technical expertise, potentially posing challenges for users with limited IT resources. Despite these considerations, Tradogram's strengths in user experience, reporting, and integration make it a compelling choice for businesses seeking to enhance their procurement operations. The software is particularly well-suited for mid-sized to large organizations with established procurement processes and a desire to leverage technology for greater efficiency and cost savings. Its ability to centralize procurement data, automate tasks, and provide actionable insights empowers procurement teams to make strategic decisions and optimize their supply chain 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

Tradogram

Workday Spend Management

Zycus

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Strategic Sourcing Software

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Purchasing Software

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FAQ

How can I do a in-depth comparison of Synertrade and Tradogram? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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