SAN FRANCISCO, CA--(Marketwired - Aug 6, 2013) - TRADESHIFT has signed an agreement with the Lear Corporation as part of a large shared services transformation project. Lear will start by rolling out TRADESHIFT's latest app, Collaborative Workflow, to select regions, revolutionizing how the company's employees are able to work with each other and with suppliers.
The TRADESHIFT platform allows large global corporations, like Lear, to connect with their entire supply chain to conduct better, more efficient business. Apps developed by TRADESHIFT, their customers and even third parties allow these enterprises and their suppliers to bring countless business processes online including e-invoicing, payments, logistics, workflow and more.
"More and more multinationals are looking for ways to bring the different branches of their global companies together on one platform. As more governments begin to mandate e-invoicing and other business processes, having a unified solution that works across borders will be critical. Lear understands this and by working with the TRADESHIFT platform they'll be able to ensure compliance and scalability in every region they do business," commented TRADESHIFT CEO, Christian Lanng.
In nearly a century, Lear Corporation has stormed the Fortune 500 to become a leading manufacturer and supplier of automotive seating and electrical power management systems. With 113,000 employees and 221 locations in 36 countries, it faces the challenges that a lot of global enterprises are confronting today. And TRADESHIFT provides the answer.
With Mexico's January 1, 2014 CFDI mandate looming, and other countries following suit, multinationals everywhere are evaluating the best solutions for meeting the complex compliance regulations. TRADESHIFT ensures documents sent and received on the platform meet these standards and are compliant with the CFDI format.
TRADESHIFT will begin the implementation and onboarding of Lear's suppliers throughout North America and Mexico. These suppliers will join the 500,000 companies already connected on the TRADESHIFT platform today.
TRADESHIFT is platform for all your business interactions. It helps companies run more efficiently by harnessing the power of their network to create new value from old processes like invoicing, payments and workflow.
Launched in 2010, TRADESHIFT connects 500,000 companies across 190 countries, with over ten thousand more joining every month. Businesses on the platform include the National Health Service (NHS), DHL, French Government, Kuehne+Nagel, MITIE and Vestas Wind Systems.
TRADESHIFT was awarded Best Enterprise at The TechCrunch Europa awards and Most Innovative Solution by Financial-I. TechCrunch also recognised it for "Kicking Ass Globally".
About Lear Corporation
Lear Corporation is one of the world's leading suppliers of automotive seating and electrical power management systems. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 113,000 employees located in 36 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol (LEA). Further information about Lear is available at lear.com.