Category: Press

E-invoicing and accounts payable automation market leader Tradeshift released a series of innovations to Ada™, a next-level artificial intelligence and machine learning layer embedded on the Tradeshift platform.

Tradeshift, a leader in e-invoicing and accounts payable automation, today announces the appointment of James Stirk as Head of Enterprise Sales EMEA & APAC to support the Company’s ambitious global growth strategy.

According to Tradeshift’s latest Index of Global Trade Health, order volumes jumped 16.9% in Q1 and one in five suppliers are concerned about their ability to keep pace with demand. The strain on supply chains is particularly acute among manufacturers. Order volumes across the sector were up by 80% year on year in March, but invoice volumes grew by just 20% over the same period.

Gulf Warehousing Company QPSC (GWC), Qatar’s leading logistics provider, has partnered with Tradeshift, a leading global company in supply chain invoicing systems and marketplace development, to develop cloud-based solutions and fully digitize its procurement, supply chain invoicing, and payment systems.

Tradeshift, a leader in supply chain payments and marketplaces launched a ZAR25 billion (“USD1.5 billion”) COVID-19 Instant Supplier payment scheme for businesses in South Africa and selected African markets in partnership with Raindew Trade, a trade and supply chain financing platform providing supply chain solutions to corporations in Africa and other selected markets.

After a year of massive supply chain instability and disruptions, new data from Tradeshift’s Index of Global Trade Health points to a significant recovery in global supply chain activity, with quarterly growth rates exceeding pre-pandemic levels by 14%.

Tradeshift, a European fintech specialising in supply chain payments, is working with the Danish Export Credit Agency (EKF) to open up much-needed liquidity to businesses in Denmark through a technology-driven supply chain financing model.

Tradeshift’s Global Index of Trade Health is based on analysis of business-to-business transaction volumes across the Tradeshift network during the period of July 1, 2020 through September 30, 2020.

Global trade fell 14.8% in the second quarter of 2020 according to the latest data from Tradeshift. But evidence of an upward curve in June suggests the impact of the COVID-19 pandemic could bottom out at the lower end of the 13-32% range predicted by the World Trade Organization.