B2B Payments

Tradeshift Partnership Targets Corporates' Digital Transformations

Tradeshift Partnership Targets Corporates' Digital Transformations

Supply chain payments company Tradeshift is teaming up with consultancy firm Abreon to support corporates' shift to digital B2B payments as part of their broader digital transformation efforts.

Tradeshift announced in a press release on Wednesday (Oct. 16) that it is working with Abreon, which provides change management consulting services, to connect their joint clients to Tradeshift's supply chain digitization tools as part of Abreon's on-demand talent offering. The companies noted that Tradeshift identified an opportunity in working with a company that supports corporates' digital transformations.

"The combination of Tradeshift's leading-edge platform with Abreon's expertise focusing on the people side of change … is bringing unprecedented success to our clients in the source-to-pay area," said Tradeshift Vice President of Alliances for the Americas Bruce Gordon in a statement. "Change is inevitable for high-growth organizations. This is where Tradeshift, with Abreon, will accelerate our client adoption and value realization."

In another statement, Abreon's Director of Performance Consulting Michele Snead said both companies "share the common goal of helping our clients reduce costs, increase efficiencies and achieve their business goals. This means helping them adapt their workforce and operational processes to new solutions along every step of their implementation journey, and our close collaboration with Tradeshift makes that connection between people and technology even more meaningful."

Earlier this month, Tradeshift announced another partnership with Monerium that embraced blockchain to settle a B2B invoice on the Tradeshift platform using Monerium’s eMoney technology. In September, the company added spend analytics capabilities to its platform as a result of a collaboration with Spendency, which links its purchasing and spend data management capabilities into Tradeshift's supplier payments function.

Earlier this year, reports said Tradeshift had abandoned previous efforts to acquire Basware, reportedly citing "conditions in the capital markets" for the decision. That announcement came one day after Tradeshift announced a partnership with TransferMate to enhance its cross-border B2B payments capabilities.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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