SOURCE: Tradeshift

TRADESHIFT

August 23, 2012 13:00 ET

Global Enterprise Selects TRADESHIFT to Roll Out E-Invoicing to 36k Suppliers

SAN FRANCISCO, CA--(Marketwire - Aug 23, 2012) - 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.

TRADESHIFT allows 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.

About TRADESHIFT
TRADESHIFT connects businesses on a secure online network to help them work collaboratively and manage tasks such as invoicing and cash flow. In the TRADESHIFT cloud, businesses create a network with their suppliers, customers and partners to streamline common business processes powered by the latest social technologies.

Launched in May 2010, TRADESHIFT is approaching 100,000 companies across 190 countries. Businesses on the TRADESHIFT platform include ASP NHS, the French Government, Kuehne+Nagel, TDC, DT Group and DSV. In 2010, TRADESHIFT was awarded Best Enterprise at The Techcrunch Europa awards and Most Innovative Solution by Financial-I. In 2011 the company was also highly commended for "Kicking ass globally" at the Techcrunch Europas.

TRADESHIFT Inc. has offices in Copenhagen, London, San Francisco, Paris, Frankfurt and Amsterdam.

TRADESHIFT fundamentally shifts the way you do business. For more information, visit http://tradeshift.com/

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