By adding Tradeshift’s cloud-based technology to its suite of services, Xerox helps enterprises transform their disparate, paper-based processes into digitally connected, seamless and highly automated workflows. The platform accelerates the management, processing and tracking of end-to-end procurement and accounts payable activities. This provides transparency into purchases from all suppliers to reduce costly maverick spending and improve compliance with an enterprise’s purchasing policies.

“A digital finance and procurement culture provides a clear competitive advantage,” said John Gentry, group president of Xerox Finance, Accounting and Payment Services. “We’re offering agile processes to improve cycle times and reduce the cost and reliance on paper invoices while delivering real-time insights.”

Tradeshift’s technology includes a connected business network that improves a company’s ability to buy, pay and collaborate with its suppliers. The platform addresses the digitisation challenges that many companies face across their supply chain while providing next-generation capabilities, such as social networking, mobile access, self-service and analytics.

“Network and collaboration models are pervasive in our personal lives and businesses are now ready to digitise their supply chains,” said Christian Lanng, CEO and Chairman at Tradeshift. “Our clients will benefit from streamlined and intuitive processing across every aspect of corporate buying and supplier management, greatly improving work life, agility and bottom lines."

Xerox has provided end-to-end finance, accounting and procurement services to Global 2000 companies for more than 20 years. With 11 finance & procurement business process centres around the globe, Xerox supports clients across multiple industries, including manufacturing, retail, consumer products, high tech, hospitality, professional services, banking, healthcare and transportation.