Tuesday 21st April, 2020
Tradeshift has announced a new partnership with Chain IQ a global service company providing strategic, tactical and operational procurement to its international clients.
Leveraging Tradeshift’s technology with Chain IQ’s ability to create value for clients’ indirect spend through comprehensive and fully digitalised procurement and payables solutions, this partnership will help organisations generate savings through price transparency on a managed marketplace, streamline and optimise procurement processes and provide unified easy to use and intuitive user experience.
This further complements Tradeshift’s core mission to provide digital connectivity and access to capital to all organisations, ensuring continuity of business relationships during the uncertainty of current business disruptions.
After looking for a technology partner to support their clients with a focus on digital collaboration, Chain IQ quickly chose Tradeshift as a best fit to deliver a managed service strategy given Tradeshift’s open network, marketplace approach, superior IT architecture, an app ecosystem and global compliance coverage. It was easy to see the significant value Tradeshift could add to their portfolio of renowned clients. “Tradeshift makes a perfect addition to our partner ecosystem and enhances value generation for our clients through a strong combination of services and advanced technology”, said Remo Vettiger, Head of Switzerland & EMEA at Chain IQ.
The company said, the partnership is already delivering significant value with the combined approach leading to its first deal in the financial services sector and plans to welcome another category of customers in the coming weeks.