Tradeshift Listed as a Sample Vendor in Five Technology Categories in Gartner Hype Cycle for Procurement and Sourcing Solutions, 2015
SAN FRANCISCO — Tradeshift, the fastest growing supplier collaboration platform, announced today that Gartner Inc., the world’s leading IT research firm, has listed Tradeshift as a sample vendor in five technology categories in its annual “Hype Cycle for Procurement and Sourcing Solutions, 2015” report published on August 3, 2015. These capabilities include: multienterprise grid functionality, all-in-one supplier collaboration platforms, dynamic discounting, e-invoicing, and procurement networks.
Procurement and sourcing solutions are designed to support both strategic and operational processes with automation, increased efficiency and improved effectiveness as well as driving compliance and enabling internal and external collaboration.
“We’re humbled and proud to be identified by the analysts at Gartner in five major categories in procurement and sourcing,” said Tradeshift Head of Solutions Marketing, Vishal Patel. “We are constantly pushing the envelope with innovative solutions that drive greater value for our customers and their suppliers, and Tradeshift believes that this Hype Cycle solidifies that sentiment.”
The Gartner report is designed to help evaluators “understand the maturity, benefit ratings and viability of the various solutions available to help procurement and sourcing use organizations’ money wisely.” The business benefit of a globally-connected collaborative supply chain platform is high, making it an obvious priority for coming investment cycles.
Tradeshift has experienced accelerated growth across all aspects of its business in recent months, including new enterprise customers, rapid onboarding of new suppliers, and broadening marketplace of third-party apps and partnerships. Tradeshift is at the forefront of a new discipline in supply chain management. The report can be found on the Gartner webpage.
Source: Gartner, Inc., Hype Cycle for Procurement and Sourcing Solutions, 2015, Magnus Bergfors and Deborah R Wilson, 03 August 2015.
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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.