Case Study: Recordati Group standardizes procurement and accelerates e-procurement with SynerTrade Accelerate

Recordati Group standardizes purchasing across 20 subsidiaries with SynerTrade

The Recordati Group, an international pharmaceutical company, faced a challenge in overcoming its unstructured, traditional purchasing processes. To drive digital transformation, Recordati partnered with vendor SynerTrade and implemented its Accelerate platform, specifically using the Supplier Relationship Management, Contract Management, and Source to Contract modules to standardize and digitize its procurement activities.

The solution implemented by SynerTrade provided a flexible and scalable e-procurement environment, first deployed in the Italian branch. This allowed Recordati to onboard 50% of its suppliers, approximately 1,000 companies, onto the platform, enabling faster management of contracts and RFx processes. As a result, SynerTrade helped the company create a uniform operational model that is now being rolled out to its global subsidiaries, establishing a single official environment for all organizational purchases.

Recordati Group