Tradeshift Positioned as a Visionary in the Gartner 2018 Magic Quadrant for Procure-to-Pay Suites
SAN FRANCISCO–(BUSINESS WIRE)–Tradeshift, the leader in supply chain payments and marketplaces, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites.1Tradeshift believes that it shows strong momentum with its first time placement in this Gartner Magic Quadrant.
The Gartner report, which has now published for the third time, evaluates 15 different software vendors on 15 criteria for completeness of vision and ability to execute.
“I am thrilled that Tradeshift has been recognized on the Gartner Magic Quadrant in such a position for the first time. In my view, it tells me Gartner gets it and the market gets it. To me, it means we’re making momentum. This time next year, I predict we’ll be in the Leaders quadrant,” said Christian Lanng, Co-founder and CEO of Tradeshift.
Gartner defines a procure-to-pay suite as a software platform that delivers a “fully integrated solution designed to support an end-to-end process that begins with goods and services requisitioning and ends with ready-to-pay files for upload into an accounts payable system.”2
“Well before we became a customer, we understood the unique vision that Tradeshift brought to what was once a stagnant procure-to-pay space,” said René Wienmann, Director, Head of Indirect Sourcing & Procurement, Novozymes. “We believe their vision of multi-enterprise connectivity and supply chain agility is a powerful asset.”
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner “Magic Quadrant for Procure-to-Pay Suites” Desere Edwards, William McNeill, Magnus Bergfors, Patrick M. Connaughton, Kaitlynn N. Sommers, 29 May 2018.
2 Gartner IT Glossary.
Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling. Discover commerce for all at tradeshift.com