A leading global science-based enterprise has become one of the latest companies to select TRADESHIFT,
the fastest growing global B2B network and the industry leader in
supplier onboarding. TRADESHIFT will be used to roll out an
all-inclusive e-invoicing solution to the company's 36,000 global
suppliers with an invoice volume of over 600,000 per year.
companies of all sizes to tap into the networked economy by making
online connections and transactions fast, easy and efficient. Using
TRADESHIFT, businesses can work with suppliers to complete and automate
tasks such as e-invoicing and supply chain finance. Because there is no
charge for suppliers when using TRADESHIFT, onboarding is incredibly
fast and this results in streamlined processes, reduction in human input
and significantly higher return on investment.
Christian Lanng, CEO and cofounder of TRADESHIFT,
said: "E-invoicing has always promised so much to large global
enterprises but has consistently failed to deliver. Major deals like
this show that our proposition really stands up. By turning the industry
on its head, we make it so easy for suppliers to get onboard that they
sign up in significant numbers. This is a win-win situation for buyer
and supplier alike and has a bottom line impact with significant cost
reduction caused by efficiencies and streamlined processes."
TRADESHIFT was selected following a competitive procurement
process including other established industry solutions such as OB10.
TRADESHIFT was the only solution that could demonstrate significant
onboarding uplift by engaging with both the company's large and small
suppliers. The TRADESHIFT platform also makes use of dynamic validation
and automatching to improve the quality of invoice data that is
received, thereby reducing processing resources.
"Invoicing costs businesses of all sizes in terms of time and
money. But it doesn't have to be this way. Not only does TRADESHIFT
make it more attractive for suppliers to use e-invoicing, the unique
features in the platform make the entire process easier and faster for
everyone involved," concludes Lanng.