Thursday 4th February, 2016

Tradeshift has announced significant growth across all aspects of its business in 2015. The strong growth underlines both the success of Tradeshift’s vision and platform strategy and the speed with which business is embracing a long overdue digital transformation in the source-to-pay process and global supply chain management.

Tradeshift’s growth was spurred in part by the successful launch of Tradeshift® Buy and Tradeshift® Risk, which are poised to transform the outdated procurement, supplier information and risk management technology stack.

The company also expanded its base of global enterprise customers, technology and reseller partners, its third-party apps on the Tradeshift platform, and achieved a global Net Promoter Score of +53 indicating very high customer satisfaction. Combined, this contributed to a nearly 250% boost in the value of transactions on the platform compared to 2014.

"The accelerated speed of adoption we’ve achieved last year speak volumes around the fact that disruption of legacy systems is what the market has been waiting for. We are absolutely on the right track to deliver on our mission to connect all buyers and suppliers around the globe," said Christian Lanng, Tradeshift co-founder and CEO. "Our customers are transacting billions of dollars across the network on a monthly basis as they reap the reward of digital transformation."

"Enterprise customers are increasingly becoming cognisant to the reality that to keep the status quo in how they manage supplier information, transactions, and relationships is simply not going to work at a time when business models change, seemingly overnight.” said Jigish Avalani, President and COO, Tradeshift. "Remaining competitive and agile in the era of digital disruption means making the most of the best possible technology platform like Tradeshift to support critical back-end business processes."

The company also continued to build a strong ecosystem of platform and distribution partners to help enhance Tradeshift’s vision:

• A technology partnership with Microsoft granting Microsoft Dynamics NAV 2016 customers with automatic free access to the Tradeshift e-invoicing solution
• A Partnership with riskmethods to integrate all risk-relevant information about suppliers, locations, and supply chains from riskmethods’ SaaS solution
• New category leading apps to be added to the platform from Determine, MetaProcure, ProcurePort, Icertis, StockonDeals, GHK, and Timestarter.

2015 also brought Tradeshift the ISO certification of Universal Business Language (UBL), the platform’s main data format. This enables the adoption of UBL by a large number of government agencies and industrial organisations that are required by law or policy to use de jure standards. Tradeshift's users can expect easy data integration with taxation and procurement agencies as the new international standard becomes widely deployed.

Tradeshift also announced a partnership with (RED) to deliver more than $3 million for the Global Fund to fight AIDS, Tuberculosis and Malaria by driving contributions from across its network.