Tradeshift and Selectica Partner to Bring Strategic Sourcing to Global Platform
SAN FRANCISCO & SAN MATEO, Calif.–Tradeshift, the fastest growing supplier collaboration platform, today announced a global partnership with Selectica (NASDAQ:SLTC), a global provider of procurement and sourcing applications.
Available soon as an app on the Tradeshift platform, the technology integration will bring Selectica’s SmartSource® strategic sourcing capabilities such as RFX, bidding, reverse auctions, and contract awarding to Tradeshift’s rapidly growing network of suppliers and buyers for increased simplicity and visibility across all interactions.
Adding this “plug in” sourcing capability to the platform will enable buying organizations to more holistically manage and connect the sourcing process to the downstream procure-to-pay process. The value to trading partners is the ability to manage all interactions and processes in one place leading to greater efficiency and transparency for often complex commercial relationships.
“The ‘app’ movement represents a new direction for the sourcing and procurement technology market and one that there is no going back from,” said Jason Busch, Founder and Managing Director, Spend Matters. “We applaud Selectica and Tradeshift for realizing the power of integrating sourcing technology directly into the Tradeshift environment and platform – and see the partnership as an important expedition in the longer march to true business interoperability between providers, not just systems integration.”
“Our innovative vision to provide a broad and open cloud ecosystem to transform supply chain relationships and processes are in complete alignment with Tradeshift,” said Julien Nadaud, Chief Product Officer of Selectica. “Together we will provide enterprise organizations with innovative best in class tools to achieve higher levels of productivity across the entire source-to-pay business.”
“We’re proud to add Selectica’s best of breed sourcing solution as an app on the Tradeshift platform. Selectica’s capabilities fit nicely into the source-to-pay spectrum enabled by Tradeshift,” said Rinus Strydom, VP Alliances & Solutions Consulting, Tradeshift. “Both buyers and suppliers will benefit from the ecosystem of businesses digitally enabled on Tradeshift, delivering greater participation, choice, and innovation in the supply chain.”
The Selectica strategic sourcing app is the latest in a string of app partnerships that have extended the capabilities of the Tradeshift platform, including supply chain management apps from Quyntess, CSR from Ecovadis, and dynamic discounting from C2FO. Customers can activate apps virtually instantly to support an ever-growing need for enhanced business agility.
Selectica is a global provider of SaaS contract management and end-to-end source-to-pay supply management software solutions. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. A recognized leader in the industry, our patented technology assists customers across a myriad of industries—including high-tech, telecommunications, manufacturing, healthcare, and financial services. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to increase revenue by facilitating the right combination of products, services and price. For more information, please visit: www.selectica.com.
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, processes over half a trillion USD in transaction value yearly, 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, Chongqing, Tokyo, Munich, Frankfurt, Sydney, Bucharest, Oslo, Stockholm, and Kuala Lumpur.