Panalpina World Transport Selects Tradeshift for Supply Chain Collaboration
Tradeshift, the world’s largest business commerce platform, has been selected by Panalpina World Transport (Holding) Ltd. (SIX Swiss Exchange: PWTN) to help digitalize its global procure-to-pay process.
The Swiss-based transportation and logistics services company will connect with its suppliers on Tradeshift’s cloud-based commerce solution to digitize accounts payable processes such as global e-invoicing, and enable capabilities that add value to trading partners, such as supply chain financing, dynamic discounting, and private marketplaces.
Panalpina’s goals with Tradeshift include reducing costs, processing time, increasing transparency, and enabling real-time collaboration–particularly with its ocean-carrier suppliers for greater efficiency, and agility.
Founded in 2010, Tradeshift is the world’s largest business commerce platform that connects buyers and sellers. Tradeshift connects over 1.5 million companies across 190 countries, is on track to process over half a trillion USD in transaction value, and has a marketplace containing 28 million SKUs. It offers solutions for procure to pay, supplier engagement and financial services, and enables companies and partners to build custom or commercial apps on its business commerce platform. Tradeshift is headquartered in San Francisco, with offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, Munich, Frankfurt, Sydney, Bucharest, Oslo, Stockholm, and Kuala Lumpur.