B2B Payments

Microsoft Links Its Corporates To Tradeshift

Microsoft is giving the buyer-supplier connecting platform of Tradeshift a boost, and boosting its corporate clients at the same time. Reports last week said Microsoft Dynamics NAV, the computer giant’s business planning service, will automatically come with Tradeshift’s e-invoicing solution for its latest rollout.

[bctt tweet=”Microsoft Dynamics NAV 2016 will automatically come with Tradeshift’s e-invoicing solution”]

Microsoft Dynamics’ 2016 edition will link its business users to Tradeshift’s digital billing service for free, the companies said, allowing companies to send invoices from Microsoft Dynamics into the Tradeshift platform.

In a statement, Microsoft Dynamics General Manager Paul White said the move is an effort to reduce costs for smaller companies.

“We’re on a mission to drive down the costs SMB organizations incur in doing business – and help them compete more effectively with larger organizations,” he said. “The integration between Microsoft Dynamics NAV 2016 and Tradeshift will help our customers do both.”

White added that Microsoft Dynamics and Tradeshift share similar visions for the development of their SME solutions.

In another statement, Tradeshift Senior Director of Platform Services Heinrich Clausen said the partnership with Microsoft is part of Tradeshift’s goal to ease the friction businesses experience in going paperless, and to provide SMEs with cloud tools to streamline their operations as corporates become more interconnected and global.

In a recent interview with PYMNTS, Tradeshift Head of Solutions Marketing Vishal Patel highlighted the difficulties for corporates to make the digital shift in some parts of the globe, like in the U.S.

“There is still a great amount of paper invoicing, due in large part to the fact that migrating to digital is a difficult process,” he said, “especially if a business is working with hundreds or thousands of suppliers who are used to the paper invoicing process that they have been employing for decades.”


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New PYMNTS Report: The CFO’s Guide To Digitizing B2B Payments – August 2020 

The CFO’s Guide To Digitizing B2B Payments, a PYMNTS and Comdata collaboration, examines how companies are updating their AP approaches to protect their cash flows, support their vendors and enable their financial departments to operate remotely.