Tradeshift on Unleashing Working Capital – Join Us for an Enlightening Discussion

Tradeshift has been in the news a lot recently. The firm announced their acquisition of IBX a few months back, a big step forward into the top league of procurement software providers. Having started out being perceived by many as a somewhat quirky maverick player, the major investment that has gone into the firm and a range of interesting partnerships and acquisitions has got them to the point where anyone looking at purchase-to-pay, e-Invoicing and related systems has to consider Tradeshift as a serious option.

So next Thursday evening 7th September the firm is both celebrating the opening of their new London office and providing what looks like an interesting and useful session on supply chain finance. And we’re pleased to say that our own Peter Smith will be facilitating and chairing the discussions. As he says, “I don’t pretend to be the world’s greatest expert on supply chain finance, so my theory is I can ask some of the “dumb” questions that tend to get the most illuminating answers”!

There will also of course be the chance for the audience to ask questions too. It all starts at 6.30pm and after the panel session, we are promised there will be more networking as well as “music and entertainment”. (That’s not one of Peter’s infamous music quizzes I should stress).

The distinguished panel includes:

Vinay Mendonca, Global Head of Product and Propositions, HSBC

Alex Farrugia, Head of Supply Chain Finance, Santander

Sourav Niyogi, Managing Director – Digital Supply Chain and Cost Transformation, Accenture

The panel will be discussing ‘Unleash your Working Capital’ - Working Capital is scarce, and large amounts of working capital are trapped in your supply chain. Reports show that the leading 2,000 U.S. and European companies have up to $1.2T of trapped cash, which slows down supply chains and causes unstable conditions for millions of businesses. So, how can trading partners, financial institutions, and platform providers work together to free all this locked-up capital?

Tradeshift has interesting connections with both of those huge banking firms represented on the panel. Santander are an investor as well as a customer, and in terms of HSBC, the recent annoucement stated:

“HSBC, the world’s leading trade finance bank, and Tradeshift, the world’s largest business commerce platform, today announced a strategic partnership that will enable companies to manage their global supply chains and working capital requirements from one simple online platform, from any device.

HSBC and Tradeshift are developing an integrated proposition that will allow buyers to automate and digitise paper-heavy supply chain processes from all their suppliers and organise supply chain financing all in one place. This game-changing solution will combine the benefits of electronic ordering and invoices, document matching and early payment capabilities.”

The evening takes place at Irongate House, near Aldgate in the City, and you can find more details and register for the event for the event here.

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