tradeshift corporate presentation
DESCRIPTION
Tradeshift corporate presentation July 2012. Learn about what makes Tradeshift different, the Tradeshift Business Cloud, and more.TRANSCRIPT
Tradeshift
About Tradeshift
At Tradeshift we have the ambition to change the way business is done by allowing organizations to
exchange invoices for free.
We connect businesses to all their suppliers and customers regardless of company size, not only
saving time but also ensuring they get paid faster at both ends of the supply chain.
Innovation in the industry
Invoice printing gets automated 195
0
Electronic data interchange takes off among very large companies 199
0
Scanning and OCR become a solution outside EDI, but still very error prone 199
5
1998
First internet trade portals appear with limited success
2000
First pure electronic invoicing networks appear
2012
- Business empowered network
- State of the art Technology- Free for suppliers- Industry best onboarding
rates- Easy connectivity /
integration- Support interoperability
(PEPPOL)- App-Framework to extend
processes- Supply Chain Finance
Solutions- Focus on both P2P and O2C - Ready for the future
An integrated approach
It is proven
• In 2 years Tradeshift has spread to 190 countries• Gained more than +120,000 companies• Today Tradeshift is the fastest growing business
network with more than 2000 companies joining each week
• Customers include:
E-Invoicing Manifesto
Pressure & Supplier Relations
PressureThe majority (65%) of financial decision makers said they are now under greater pressure than ever to manage costs.
Supplier Relations78% said they are very important to their business and 72% said they are even more important because of the economic outlook.
Finance inefficiencies
421,000 invoices Are processed by large businesses on average every single year.
48% Of these invoices still have to be scanned or input manually.
Total of 202,080 invoices Equal to 48 employee hours per week.
E-invoicing has failed to keep customers happy
Only 12% Said their current solution was very satisfactory.
Efficiency and costAre the biggest barriers to becoming a universal solution.57% agree that adoption would be widespread if it was free to suppliers.
47% think its pointless E-invoicing is pointless without widespread supplier adoption and addressing. These barriers are going to be key in reaching that stage.
Finance is ready for transformation
60% Social mediaThink social media could be used in their department to improve relationships with customers and suppliers.
48% P2P processesThink that P2P processes will move to the cloud in the next year.
Tradeshift Business Model
Facts about existing networks
• Very rarely is supply chain adoption over 5-10% due to high costs to suppliers
• The “soft” part of the business process like phone calls and email is typically more than 25% of the total business cost which are not covered by the existing networks
• These networks typically get 70%+ of their revenue from their suppliers, this creates a massive barrier for adoption
• How much cost do you want to push down the supply chain?
Where do the costs
go?
High supplier costs
Low adoption
Poor business case
Supply chain pressure
Vendorlock-in
Our business modelFree transactions
increase participation
Which increases the network
effect
And increase the customer business
case
Creating better supply chain
relations
Which reduce cost and increase value for both suppliers
and customer
Why Tradeshift is different
• There are no barriers to join, all companies can sign up and start using Tradeshift for free.
• You connect with companies just like you connect with colleagues on LinkedIn
• Buyers and sellers can interact and collaborate real-time
• They can extend all business processes by installing or building their own apps
• Companies are inviting other companies to join the network as everybody gets value from participating
Tradeshift is Viral
The Tradeshift Business Cloud
The Tradeshift Business Cloud
Master Data
Branch Management
CloudScan
Purchase Orders
Network Engagement
InvoicingCustom Enterprise Apps
Financial Products
Archiving
Business Firewall
• Connect using one of our many integration options
• Send invoices as XML or as PDF for free
• Receive invoices using either our certified plug and play connectors for SAP and Oracle
• Or create a direct integration to our REST API
Open invoicing for everyone
Invoicing
• Resolve disputes directly on the business documents in question
• Leave comments regarding content
• Reject invoices with a message about why
• Switch states real-time between accepted, pending and accepted
• Mark invoices as spam
Resolve disputes directly on the invoice without lifting the phone
Dispute Resolution
Manage multiple branches without the complexity
• Create as many branches as you need
• Enable them to receive electronic invoices
• Setup individual recipients for comments and emails
• Use the Business Firewall to create individual validation rules for each branch
Branch Management
• Automatic validation of business documents you receive
• Create your own business rules to check for payment terms or other custom fields
• Automate invoices, orders together with quote acceptances and rejections
• Create validations for local taxes and regulations
• Advanced anti-spam and fraud protection
Protect your business processes
Business Firewall
• Remote back-up of all your business transactions for 10 years
• Audit logs, transactions and signature keys are stored together
• Complete data isolation and encryption
• Decide in which jurisdiction you want to store your data
• Fully searchable
Archiving and compliance
Archiving
• Send purchase orders to all your suppliers
• Allow suppliers to flip purchase orders to invoices
• Assign custom validation rules to purchase orders to allow either hard or soft matching
• Reduce invoice approval time
Improve your procurement process and data quality
Purchase Orders
Connect and engage with all your suppliers
• Send campaigns to suppliers you want to connect with on Tradeshift
• Segment suppliers according to maturity and geography
• Guide them to the different integration options
• Monitor progress and deliver targeted follow-up campaigns
Supplier Engagement
• Build your own apps that run on Tradeshift’s business cloud
• Distribute them to all your suppliers to extend your processes or capture more data
• Integrate to other systems or processes like logistics
• Examples of apps being built are loyalty programs, new payment options, custom data fields and new document types
Customize Tradeshift toyour specific needs
Custom Enterprise Apps
• Supply Chain Payment, Instant Payment and Dynamic Discounting enables you to reduce working capital investments and increase return on excess cash
• Improve supplier relationship• Support your suppliers’ working capital
needs• Increase e-invoicing adoption by offering
suppliers instant access to cash• Offer financial products to more
suppliers by having an automatic and standardized approach to onboarding
• Fully integrated in the e-invoicing solution enabling a simple and convenient solution (one interface only)
Offer your suppliers early payments
Instant Payment
Tradeshift Technology
Secure• Today we can offer greater security
in the cloud than most first or second generation e-invoicing networks
• Unlike most existing vendors we don’t just use a firewall to keep your data safe, we encrypt transactions
• Using the same multi-tenant technology as Google and Salesforce.com, we keep your data separate and secure at all times
• We keep signed and audited logs of all transactions going through our network meaning full accountability on all transactions
Scalable
• With active users in 190 countries we take global scalability very seriously
• We use a combination of multiple data centers and dynamic scaling of servers to ensure fast and reliable access to information across time zones
• Dynamic scaling of servers also allow us to meet transaction volumes regardless if it’s a steady flow or a sudden peak
Open• The founders of Tradeshift are pioneers when it
comes to open e-business standards• Together the founders developed PEPPOL
which is an open EU infrastructure for e-business
• They participated in the development of UBL an open standard for e-business used in more than a 100 countries
• Mikkel Hippe Brun (co-founder) is currently the chairman of the OASIS group on e-business network interoperability
• Tradeshift provides a completely open API for anyone who wants to integrate including full documentation and developer support developer.tradeshift.com
Compliant• Tradeshift is built on UBL an open
invoicing standard used in more than 100 countries
• PWC has certified Tradeshift’s platform as VAT compliant in more than 30 countries
• We are constantly working with our enterprise customers to add VAT certifications in the markets that are relevant to them
• Tradeshift supports digital signatures in countries where it’s a requirement
• We always try to balance business needs and legal prerequisites to make sure unnecessary requirements don’t become barriers to supplier adoption
Customer story
The Kuehne+Nagel project
• Size: 165,000 suppliers• Reach: 100 countries• One of the worlds largest e-invoicing
projects. Won against direct competition from Ariba, OB10 and Basware
Invoicing Purchase Orders
Branch Management
Business Firewall
Supply Chain Finance
Archiving Supply Chain Relations
Reason for choosing Tradeshift
“Our aim is to get as close to 100% electronic invoicing as possible, with minimal cost and impact to our suppliers. It was important to
us that we did not force costs on our suppliers, and we are confident that they will
recognize the benefits and sign up to Tradeshift.”
Jon Abrahamson, Senior Vice President, IT & Finance
Thank you