|By Business Wire||
|June 18, 2014 12:01 PM EDT||
Tradeshift, the fastest growing business transaction and collaboration platform, today announced that Fortune 50 company Archer Daniels Midland Company (NYSE: ADM) will shift to a global e-invoicing model using the Tradeshift cloud-based business platform. The Tradeshift platform will provide an open and fluid environment to transact over 2.5 million invoices annually between ADM and its global supplier network.
The Tradeshift platform will initially be deployed across ADM’s Accounts Payable in North America. It will then be expanded globally to create a collaborative workflow between ADM and its thousands of suppliers. ADM Suppliers click here for more info.
“ADM connects crops to markets in more than 140 countries on six continents. To do that, we process more than 2.5 million invoices a year. Transaction efficiency is fundamental to our business, and we needed to find a vendor with a global footprint to establish a single system throughout our company,” said Suzanne Leopoldi-Nichols, director, ADM’s shared services group. “The Tradeshift platform will allow us to innovate and improve collaboration and transaction efficiency across our global supplier network without disrupting our existing infrastructure.”
The Tradeshift collaborative workflow automates many of the repetitive administratively intensive aspects of invoicing and transactions. It allows buyer and suppliers to communicate in real time to resolve questions, exceptions or disputes before they enter an ERP system. This approach reduces the cost of supply chain management and reduces friction by enabling transparency, productivity, and simplicity.
Said Christian Lanng, CEO of Tradeshift, “The addition of ADM to the Tradeshift business platform is a huge endorsement that our vision and strategy to end the cycle of inefficiency and frustration at the point of transaction and replace it with collaboration creates additional value for the entire supply chain and is transformational to global business efficiency.”
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries. For more information about ADM and its products, visit www.adm.com.
Imagine a place where all companies, big and small, come together to work, collaborate and transact. Now stop imagining and start participating. Tradeshift is the single, shared and open platform connecting buyers and suppliers easily and without limitation. Launched in 2010, Tradeshift connects 500,000 companies across 190 countries, with over ten thousand more joining every month. Businesses on the platform include DHL, the National Health Service (NHS), French Government, CBRE and Vestas Wind Systems. Tradeshift was awarded Best Enterprise at The TechCrunch Europa awards and Most Innovative Solution by Financial-I. TechCrunch also recognized it for “Kicking Ass Globally”. Tradeshift is a global business, headquartered in San Francisco with offices in Copenhagen, London, Suzhou and Tokyo. Find out more at http://tradeshift.com
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 07:00 AM EDT Reads: 2,638
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 26, 2016 06:45 AM EDT Reads: 1,069
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 06:45 AM EDT Reads: 1,875
Sep. 26, 2016 06:30 AM EDT Reads: 1,566
Sep. 26, 2016 06:30 AM EDT Reads: 2,374
Sep. 26, 2016 06:15 AM EDT Reads: 1,646
Sep. 26, 2016 04:30 AM EDT Reads: 1,048
Sep. 26, 2016 04:30 AM EDT Reads: 1,414
Sep. 26, 2016 03:15 AM EDT Reads: 1,088
Sep. 26, 2016 03:00 AM EDT Reads: 1,766
Sep. 26, 2016 03:00 AM EDT Reads: 950
Sep. 26, 2016 02:45 AM EDT Reads: 1,553
Sep. 26, 2016 01:45 AM EDT Reads: 1,675
Sep. 26, 2016 01:00 AM EDT Reads: 1,638
Sep. 26, 2016 01:00 AM EDT Reads: 1,960