Company Overview
Tradeshift is the leader in e-invoicing and automatic accounts payments. Being innovators in B2B marketplaces and supplier financing, Tradeshift has its headquarters in San Francisco, USA. It is a cloud-based platform with a vision to create an economic opportunity for everyone by connecting every firm worldwide. Tradeshift operates beyond 190 countries and is home to most of the fast-growing networks of sellers and buyers.
Tradeshift company reduces the carbon footprint by increasing automatic payments, creating supply chain resilience, developing transparency, and eliminating paper. The Tradeshift applications permit users to build their own apps, digitize the supply chain and combine with the legacy system in their way.
Key Executives
Started in 2005, today, Tradeshift has offices in 13 countries. The people who run it are:
Co-founder & CEO- Christian Lanng
Christian Laang is a member of the World Economic Forum’s Global Agenda Council on the Future of Software and Society. He has been the CEO since 2009.
Co-founder- Mikkel Hippe Brun
Mikkel Hippe Brun is the SVP of China.
Co-founder- Gert Sylvest
Gert Sylvest is the Co-Founder and VP of the products network and leads all financial services like Go, SCF, Cash, etc.
Chief of Staff- Anja Moller Eriksen
Anja Moller Eriksen is the chief of staff at Tradeshift, SVP Operational Strategy and People, and has been serving the esteemed concern for nine years.
Engineer- Rolf Njor Jenson
Rolf Njor Jenson has served Tradeshift for 12 years in the engineering platform.
Global Sales & Marketing Officer- James Stirk
James Stirk has worked in Tradeshift as the SVP and global sales and marketing officer for the past year.
CIO & Business Operations- Dan Russi
Dan Russi is the SVP Business Operations and CIO of Tradeshift with significant experience in customer operations, corporate, and cloud IT.
Products & Services
Nearly 1.5 million sellers and buyers use Tradeshift to access the B2B marketplaces, apps and supply chain payments worldwide. Having a good relationship with 160 countries, Tradeshift has also integrated into the Chinese eFapio system. The firm provides:
Supplier Relationship Management
When it comes to supplier relationship management, Tradeshift revolutionizes with Tradeshift Engage. It lets vendors see their relationships with organizations from the beginning through a digital portal. The Tradeshift Engage enables firms and their suppliers to work on analytical capabilities and collaborative tools, thereby making them develop a strategic supply chain that is highly efficient.
AP Automation
The AP automation of Tradeshift reduces and eliminates repetitive tasks and the need for paper. This can identify errors and stop employee manual work, reducing invoice processing by less than 4 days. Collaboration with various departments in their own company happens because of AP automation.
E-Invoicing
Electronic invoicing replaces the conventional practice of using paper to create invoices. E-invoicing lets the company collaborate with buyers irrespective of location and stay more connected with their digital formats. Tradeshift offers their company vital support when producing e-invoices through customizable software.
Digital Supply Chain Management
The digital supply chain management of Tradeshift contains tools and electronic technologies to support the supply chain throughout. Digital devices and their automation capabilities reduce paper usage, the need for information, and manual processes as every data gets collected in a single location.
Supplier Management
The Tradeshift Engage offers suppliers instant connectivity to buyers. Their external partners reside in an online portal where the prices are decided upfront. This enables firms to find the right time, pricing and staff.
E-Procurement
The E-procurement of Tradeshift makes purchases easy by providing access to buyers to various services and products. Companies can pick their supply chain marketplace by sorting, evaluating and making the buying decision in real-time from chosen vendors through insightful information.
B2B Marketplaces
Tradeshift has made its B2B marketplace online and operates automatically between sellers and the organization for creating orders, invoicing, communicating and transacting.
Accounts Receivable Factoring
Tradeshift’s accounts receivable factoring permits firms to get the payments immediately on completion of any service or work. It reduces the waiting time for any payment. The funding for accounts receivable factoring occurs in two ways. Providing an instant inflow of cash to the firm is the first way, and the next is by purchasing or lending the outstanding invoices of businesses.
Supply Chain Finance
The supply chain finance solution for Tradeshift gives complete control to the organization to manage the supplier payment and ensure that the suppliers are paid on time. This optimizes the working capital, offers suppliers excellent access to cash flow, and makes more profits.
Enterprise Spend Management
The spend management solution of Tradeshift provides organizations with a good overview of their spending and allows them to view the consolidated expenses and outgoings to avoid waste.
Company Reviews
- Tradeshift was on Fast Company’s Annual List of the 2020 World’s Most Innovative Companies.
- Tradeshift was one of the finalists in the Northern California Awards for the EY Entrepreneur of the year in 2017.
- Tradeshift won the Trade Finance Award in 2017, TMI.
- Tradeshift bagged the “Best Innovation in the Public Sector” during the Techies 2016.
Related News
Dooka Partners With Tradeshift to Launch the First Pan-African B2B Marketplace
11th October 2022
Tradeshift partnered with Dooka for digital trade in order to launch its pan-African digital marketplace. Dooka made the corporate purchasing experience intuitive by making it consumer-centric. Africa’s largest mobile network operator, MTN, is the first to join the marketplace.
Orders Fall, But Costs Rise Due to a Challenging Global Supply Chain Outlook
19th July 2022
The supply chain performance slowed down many times in a row in Q2 globally, which further slipped by six points against the estimation. Tradeshift was evaluated for 1.1 billion dollars when it stated its funding round to be 250 million dollars in 2018.
Tradeshift, Finalist in EY Entrepreneur of the Year 2017
16th May 2017
EY announced its finalists for the 2017 Entrepreneur of the year in the North California Program. This is one of the prestigious business awards for entrepreneurs. Recognized for excelling in financial performance, personal commitment to business and innovation, Tradeshift was among the top companies.
Tradeshift sued by Payment Company
March 16,2018
In September 2013, the Danish payment service, CapitalAid DP Aps, made an agreement in written form with Tradeshift. As per the agreement, Capital Aid Ltd. has to allow instant invoice payments to National Health Service suppliers or others who submit via U.K Tradeshift. This deal gave Capital Aid exclusive rights to contract and included a service agreement with NHS Shared Business Service, a joint venture of the U.K. ‘s I.T. services company and the Government’s Department of Health.
The company agreed to give an upfront fee of 2 million dollars to Tradeshift, per the collaboration agreement. It was believed that it could be converted into parent company shares at a 20% discount on each share. Although this was filed on March 5th, it was publicly available recently. According to the final agreement, CapitalAid found out that it has the option to convert the fees to shares in Tradeshift Network Ltd, which is incorporated in Wales and England, and not into the parent company. CapitalAid claimed that either Tradeshift did not intend to do so, and that they were unaware of the inaccuracy filed or Tradeshift was aware and yet failed to draw CapitolAid’s attention to the error before it was implemented.
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