Tradeshift and Infosys team up to digitise supply chain management
Tradeshift joins forces with Infosys
Infosys‘ business process outsourcing (BPO) division has teamed up with Tradeshift to enable clients to digitise their supply chain processes, reports Julie Muhn at Finovate (Banking Technology‘s sister company).
John Sibley, VP of global alliances and channels at Tradeshift, says Infosys’ “deep domain and process expertise” will be combined with Tradeshift’s cloud-based B2B commerce platform. The partnership “will provide greater transparency and agility, along with a compelling value proposition to suppliers and buyers alike, on various touch points in the source to pay lifecycle”, he adds.
The partnership will enable customers to take advantage of early payment discounts, remove manual paper-based processes and build custom applications, the two parties say. This will not only reduce costs but also increase efficiency, they emphasise. Infosys plans to pilot these capabilities for clients in North America, Europe, the Middle East, Africa and China.
Founded in 2010 and headquartered in San Francisco, US, Tradeshift’s business commerce platform connects buyers and sellers. The company links up more than 1.5 million companies across 190 countries and is currently on track to process over half a trillion USD in transaction value. The company has raised a total of $182 million.
Infosys has recently launched Finacle Trade Connect, a blockchain-based trade finance solution.
Last month, the company appointed Salil Parekh as CEO and MD (see the “Movers and Shakers” section of the Banking Technology December 2017/January 2018 edition).
