Synertrade is a procurement software vendor whose main product is an AI-supported source-to-pay platform (Synertrade 5). The platform covers supplier relationship management (onboarding, risk, qualifications and evaluations), source to contract (spend analysis, procurement planning, RFx sourcing, reverse auctions and contract management) and procure to pay (budget management, catalogue management, eProcurement and invoicing). Synertrade also provides procurement services, support and integration into the customer's IT systems. The website names customers including METRO, Auchan, OBI and Schneider Electric.
In 2015, Digital Dimension, a subsidiary of the French Econocom group, acquired 90% of Synertrade's capital; Econocom describes Synertrade as a subsidiary. The website shows offices in Paris and Munich. The sources name no hosting regions, no hosting provider and no open-source version, and the website does not state a delivery model such as SaaS. Both Econocom and Synertrade are European companies, but European customers should have the hosting location and subprocessors fixed contractually.