Wednesday 14th March, 2018
Tradeshift has announced a partnership with Canon Business Process Services a provider of business process outsourcing services and technology.
The partnership will allow Canon to utilise Tradeshift’s platform to help its clients digitise their supply chain including source-to-pay (S2P) processes. It will also help Fortune 1000 companies reach the highest levels of S2P performance.
According to McKinsey & Company, digital transformations to a company’s supply chain can help decrease operational costs up to 30 percent, reduce lost sales by up to 75 percent, decrease inventories of up to 75 percent, and significantly boost the agility of its supply chain.
Joe Marciano, president and CEO of Canon Business Process Services, said,“Digitally transforming the supply chain is critical for organisations that want to maintain agility and competitiveness.”
“This partnership with Tradeshift enables us to digitally transform our clients’ source-to-pay process resulting in better overall management of their business.”
By combining Tradeshift’s capabilities, Canon’s proven "people, process and technology" value proposition is further enhanced for clients with maturing technology initiatives. Clients can elevate any area within their S2P processes, such as e-invoicing, accounts payable automation and supplier master data management, to attain best-in-class benchmarks, drive savings, and improve the health and agility of their supply chains.
John Sibley, Vice President, Global Alliances and Channels at Tradeshift, said, “We view this strategic partnership as a way for joint customers to strengthen their supply chain processes. This partnership offers a range of solutions that allow businesses to take even greater control over their source-to-pay process."