Tradeshift Launches New AI Layer on Platform, Creating Simplified Commerce
SAN FRANCISCO – Tradeshift, the world’s largest business commerce platform, today announced the release of Tradeshift Ada, the world’s first smart interface for B2B commerce that offers new automation capabilities to help users accelerate how they buy, pay and collaborate.
In 2016, Tradeshift launched a virtual assistant for payments; now, Tradeshift Ada goes a step further by enabling procurement to provide an AI experience for any user, any time, with any question. This is the first time AI technology will be extended into the entire platform ecosystem, with third-party app developers participating in making Tradeshift Ada among the most robust intelligence layers in the market.
Tradeshift Ada works by learning about users and companies, allowing procurement teams and others in the B2B commerce process to automate many of their tasks. Tradeshift Ada will understand buying preferences, activate apps, and provide information on catalog items for users. It will also provide insights into spend, pre-populate purchase requests, and link any approval workflow in Slack, a leading collaboration tool.
“Rapid innovation is at the heart of everything we do at Tradeshift,” says Thijs Stalenhoef, SVP of Enterprise Products. “First an idea hatched at one of our hackathons, Tradeshift Ada is a next-generation technology using capabilities such as machine learning (ML) and natural language processing (NLP). It’s the foundational layer for bringing AI into our platform everywhere. Currently, Tradeshift Ada integrates with Tradeshift Go, Tradeshift Buy, Business Analytics, and externally to Slack. This enables users to gain insight, complete tasks more easily and save more money every day.”
To see Ada in action and learn more, read the Tradeshift blog.
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.