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Publish Date : 12-Jan-2016

Tradeshift, an international supplier collaboration platform, declared that it has been chosen by Zurich Insurance Group to assist optimize the insurers supplier-facing business processes by providing innovation, efficiency and expenditure reductions in its global accounts payable and procurement operations.

Tradeshifts network-based, procure-to-pay solution will assist Zurich improve and automate a number of processes in accounts payable, for example decreasing and replacing paper invoices with automated e-invoicing with workflow. The Tradeshift solution will facilitate Zurichs suppliers to easily upload invoices and manage their own data for improved accuracy. Moreover, Zurich will be one of the first customers to execute Tradeshift Buy, the all-in-one, integrated procurement solution.

Kian Shroff, Global Head of Procurement at Zurich said, In line with Zurichs commitments to corporate and environmental responsibility, we are delighted to work closely with Tradeshift on a sustainable approach to processing supplier invoices, and towards an entirely electronic procure-to-pay process. As we will utilize Tradeshifts invoicing solution, we are also excited to leverage its integrated eProcurement capabilities to support the procurement vision across our geographies.

Zurich by combining Tradeshifts AP automation and operational procurement tools will have an integrated solution that delivers user-focused best practices, decreased supply chain management costs, and innovation that is all facilitated by the unique design of the cloud-based global platform. Zurich intends to first execute Tradeshift in Europe and then later in the US. Zurich also has ambitious plans to expand the solution across its other regions.

Charles Royon, Vice President EMEA, Tradeshift said, The addition of Zurich is a milestone as we continue to rapidly grow our customer base in Europe. The company has selected Tradeshift over competing offerings because we will help them think differently about their processes and align them to best practices. We are excited to be a part of the journey that Zurich has embarked on and look forward to help deliver to this global company a highly efficient and collaborative supply chain.

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