Online B2B networking specialist Tradeshift has partnered with the U.K.’s National Health Service such that Tradeshift’s platform will now be available to connect NHS hospitals, pharmacies and surgery centers with their suppliers.
Apart from the efficiencies of eliminating paper invoicing, the partnership also aims to shorten the time it takes to get NHS suppliers paid. This echoes what Tradeshift CEO and co-founder Christian Lanng recently noted as a main business problem–looming bankruptcy when clients can not or will not pay on time, reports Finnovate.
And while this specific issue is not a main concern for Britain’s National Health Service – Tradeshift’s other sizable customers – which include major players like DHL, Intuit, and the government of France – all have a vested interest in solving problems associated with higher credit costs, lengthening payment terms, and access to funding.
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