SynerTrade announces the launch of a new consulting and software offering

Created from the June 2005 merger of SynerDeal and Trade2B, Europe’s new leading provider of purchasing technology and consulting, today announces the launch of its new offering.

SynerTrade 6 is a new completely modular software suite, the most comprehensive on the market, which is divided into 4 main categories: Sourcing, Procurement, Suppliers Monitoring and Spend Monitoring.

Sourcing is a software suite to organize, streamline and automate the Calls for Tenders management, from requirement fine-tuning to final supplier selection, including the automated value chain and bids analysis.
Procurement is a software suite to optimize costs and deadlines of the procurement process.
Suppliers Monitoring is a set of innovative solutions to benchmark suppliers, measure their performance and manage negotiated contracts.
Spend Monitoring offers a wide range of software solutions to analyze company’s spends managed through heterogeneous IT systems and have a global view of purchasing within the organization.

Available in ASP mode, SynerTrade 6 can be fully integrated into standard IT systems thanks to “SynerTrade 6 Plug-In ERP” allowing real time exchange of data with the company’s different applications (ERP, catalogue system or quality management).

SynerTrade also offers a broad scope of services, adapted to each company to make the most of purchase power, with three objectives:

• To rapidly increase company margins.
• To enhance the performance of the Purchasing Function.
• To manage the Purchasing Function.

To rapidly increase company margins
Faced with fierce competition, companies today must identify new ways to rapidly increase their margin and one key way of doing this is by dramatically reducing costs, particularly purchasing costs. Within this context, SynerTrade offers a complete product covering:

• Purchasing Portfolio Analysis, SynerSpend, to identify product families liable for renegotiation, evaluate the amount of potential savings and define a purchasing strategy tailored to each segment.
• Cost reduction missions, SynerGains, throughout which SynerTrade is involved in the renegotiation of given categories of purchases, defining and standardising requirements, including an extensive search for new suppliers (particularly in low-cost countries), RFP management, electronic auction negotiations (if appropriate), contract management, supplier audits and assistance in implementing savings.
• Optimization of IT spending, SynerIT: SynerTrade maps out the company IT system, checks software use, defines and checks the implementation of IT standards, optimizes the panel of suppliers and negotiates new contracts.
• Strategic sourcing and operational follow-up of procurement in China, SynerChina: SynerTrade pinpoints sourcing opportunities in China, identifies and evaluates potential suppliers in the Chinese market, negotiates with these providers and ensures the operational follow-up of production and logistics whilst controlling the associated risks.
• Carrying out of Redesign To Cost programmes, SynerRTC, to reassess the functional design and product technology in order to arrive at a target cost and therefore make big savings.

To enhance the performance of the Purchasing Function
SynerTrade aims to create a new Purchasing Function: more strategic, more innovative, more efficient. SynerTrade guides companies through radical change in their Purchasing Function, relying on its purchasing expertise and the use of structural tools allowing enhancement of the efficiency and transparency of the purchasing process.

• Change management programme, SynerCoach:
  SynerTrade guides the company in the adoption of best purchasing practices. The implementation of the SynerTrade 6 suite acts as a catalyst and medium for this change.
• SynerBenchmark: SynerTrade supplies clear and precise recommendations to enhance the performance of the Purchasing Function based on the results of a benchmarking study of a company’s purchasing practices.

To manage the Purchasing Function
SynerTrade gives Purchasing Managers the means to improve management of their function by giving better visibility of their expenses. Its in-depth knowledge of the problems associated with purchasing enables SynerTrade to define, in conjunction with the company, the most relevant performance indicators, then to evaluate and measure Purchasing performance throughout the year:

• Setting-up of a reporting system using SynerTrade 6 (definition of key indicators and objectives at each level of the organization, creation of management charts, support for the parties involved),
• Implementation of an expense analysis solution (consolidation of data on purchasing activity, follow-up of the execution rate of contracts),
• Assessment of suppliers (benchmark of suppliers, definition of balance score cards).