Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Browsing Posts tagged Tradeshift

I wrote recently about Tradeshift’s new instant payment model. I was enthusiastic. I still am. But I had some misgivings – quite serious misgivings actually.

The thing about taking a disruptive approach in any market place is that you have to be very sure of yourself. Not in an arrogant or conceited way. Sure of yourself in the sense that you are sure that you’re going in the right direction – sure that you have the right team and most important of all, sure you have the backing to survive what could be a difficult journey.

Tradeshift are taking on more than the e-invoicing players. They’re taking on the banks too. They’re developing a new model that could change things and their competition aren’t going to take it lying down. My concern was that without some serious financial backing, Tradeshift are likely to go the way of many before them – pioneer, then disappear.

But then I read this in the Wall Street Journal. continue reading…

Tradeshift are an enigma. Their revenue model may have you perplexed. Their tagline “Shift Happens” might raise an eyebrow and their animation for the launch of their Instant Payment offering – well is isn’t exactly Pixar.

But don’t let it fool you. Behind the enigmatic facade of Tradeshift is a brave business model – a business model that is going to fundamentally change the rules of supply chain finance. And this week, I spoke to Tradeshift’s charismatic CEO, Christian Lanng, who, in his own words, began to “reveal the riddle that is Tradeshift” continue reading…

Tradeshift, the business-to-business social network, has today announced a new Instant Payments service. Instant Payments will allow businesses – and particularly SMEs – to receive instant payment for invoices approved through the platform. Companies will benefit from interest rates significantly lower than alternative funding options and will no longer see cash flow impacted by long payment terms or late payers. This new service integrates seamlessly with Tradeshift’s existing e-invoicing solution which is free to suppliers, providing the financial flexibility small businesses need to succeed. continue reading…

Have you heard about the internet fridge? The one that detects that you’re running low on semi skimmed and sends an email to the grocery store to get you topped up? Well you should have. It’s been announced as the next big thing every couple of years for at least the last 15. I saw a prototype in London in 1996. It’s never taken off and it never will. continue reading…

Jason Busch, the founder and executive editor of Spend Matters, is on a world domination tour at the moment and this week, I had the great pleasure of bumping into him together with Peter Smith in a London pub and took the opportunity to share thoughts on the world of purchasing and stuff. continue reading…

Tradeshift, the new kid on the e-invoicing block, is making itself conspicuous by offering free electronic invoicing. But there’s more to Tradeshift than a headline grabbing feature like that and no-one should dismiss them as too good to be true. continue reading…