Rapid global adoption and expansion for Tradeshift Platform

Tradeshift unveiled significant progress across all aspects of its business, including new enterprise customers, rapid onboarding of new suppliers, and broadening marketplace of third-party apps. Tradeshift has seen a total of 2.2 million app activations from buyers and suppliers on the network. Monthly transactions on the platform have grown over 200% in the last six months.

The rapid growth is attributed to Tradeshift’s successful market disruption strategy and the mainstream adoption of its platform by new global customers including:

  • Air France-KLM : Europe’s third largest airline by passenger volume;
  • SNOP: automotive parts manufacturer;
  • Vesuvius: FTSE 250 engineering firm;
  • Inditex: the biggest fashion group in the world;
  • Eberspächer: 150-year-old automotive technology provider;
  • a DAX 30 German electric utilities company,
  • several CAC-40 French utilities companies;

By providing an open supplier collaboration platform, rich in third-party apps, with the fastest onboarding system in the market, and the ability to manage direct and indirect spend, Tradeshift now stands apart in the industry. Companies can manage more of their spend all while enjoying better collaboration and trusted relationships with suppliers.

Tradeshift has built an extensible platform comprising a rich ecosystem of its own and partner apps using the Tradeshift APIs. In the last two months alone, the company has partnered with:

  • Quyntess: an innovator in Supply Chain Management (SCM) solutions;
  • C2FO: global working capital exchange;
  • EcoVadis: Supplier Sustainability Rating platform;
  • The breadth and depth of supplier collaboration apps on the Tradeshift platform including Procurement, AP Automation, Supplier Management, and Working Capital Solutions has created an unmatched customer proposition in the global supply chain collaboration market.

Christian Lanng, CEO and co-founder of Tradeshift:
“Businesses need to collaborate instantly and digitally with their supply chains. They are also desperate to unfetter themselves from costly and rigid legacy ERP systems. They need total visibility into all their direct and indirect spend, and the tools to manage the entire procurement, AP, working capital and supply chain network. This is the vision we have built Tradeshift on and the market is giving us a loud approval.”

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