Spend Matters 50/50: Tradeshift – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Tradeshift:

Tradeshift ... the provider we believe has the best, and right, vision for building a transactional connectivity operating system between buyers, suppliers and partners. In vision, Tradeshift is actually closer to Apple, with the App Store, and the iPad, iPhone and Apple Watch infrastructure, than it is to purchase-to-pay, e-invoicing and supplier network rivals ... the flexibility customers and third-party developers, including customers and partners, have with Tradeshift to enhance the core services the provider offers internally are second to none ...

You can read more on what our US colleagues have to say about Tradeshift here. In terms of Europe, the firm has Danish origins of course, and is strong this side of the Atlantic, although it has put considerable effort into the US. Major customers in the UK include the NHS Shared Business Services operation, which we covered here, and there has also been very recent acquisition activity (see here). A serious contender if you are looking for connectivity between buyers and sellers, whether for e-Invoicing or (as explained above), other collaborative and transactional purposes.

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