Publish Date : 13-Jul-2015
Tradeshift has entered a partnership with Quyntess, a supply chain management (SCM) solutions firm, which has developed three apps on Tradeshift's open platform, allowing businesses to manage direct spend through order cooperation, e-logistics, and advanced inventory cooperation capabilities.
The Tradeshift platform with Quyntess' apps offers an all-in-one solution to help customers wholly consolidate their direct and indirect spending. Customers will have enhanced visibility into areas of their business' spending habits and will be able to manage all of their vendor information and interactions in one place, including the long tail of their vendor base.
The Quyntess apps allow procurement, supply chain and logistics users to get enhanced visibility into inbound shipments and expected time of arrival, enabling them to cut their costs and boost efficiency with real-time order statuses and enhance relationships with their suppliers through integrated cooperation functionality.
Rob van Ipenburg, CEO, Quyntess, said, "An open business network truly drives supply chain partner collaboration because it allows them to discover new ways of doing things, many of which are simply impossible without the network, such as handling both direct and indirect spend on a single platform. Our partnership with Tradeshift enabled us to use their platform to build our SCM apps in less than five weeks."
Bill McBeath, Chief Research Officer, ChainLink Research, added, "Quyntess adds functionality for direct materials procure-to-pay, which is often one of the more complex procurement processes. This is another step towards Tradeshift’s vision of an ecosystem of partner apps that can cover 100% of spend and integrate 100% of suppliers with a broad and rich spectrum of integrated best-of-breed capabilities."
Rinus Strydom, VP Alliances & Solutions Consulting, Tradeshift, said, "Monolithic ERP systems and their lengthy deployment cycles are unfit for today’s hyper-connected businesses. Enterprises need to quickly adapt to changes coming their way. As such, they need solutions that add capabilities quickly. Our open platform supports an ecosystem of supply chain apps from partners such as Quyntess, which gives customers one solution in the cloud for all their source-to-pay processes."
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