MetaProcure and Tradeshift's Alliance Aims at Sustainable Supply Chain Management

By CIOReview | Thursday, March 10, 2016
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SAN FRANCISCO, CA: Tradeshift, a global collaboration platform that connects buyers, suppliers, and all their processes, announces its partnership with MetaProcure, a provider of next-generation procurement solutions to deliver greater procurement innovation.

The partnership will allow MetaProcure to bundle its service offerings with the Tradeshift platform, thereby introducing a managed procurement services model that enables companies to jumpstart their Tradeshift Buy eProcurement implementations. MetaProcure’s managed procurement services model for indirect spend allows companies to outsource the tactical, transactional work of buying and the management of all the complexity associated with the suppliers.

Tradeshift and MetaProcure share the common vision of transforming procurement into a strategic asset for global business by building collaborative and value-added supply chains. MetaProcure allows companies to accelerate the pace of value creation with its cloud-based solutions and expertise. These key capabilities will help organizations to boost their procurement transformations with Tradeshift Buy. The capabilities also allow procurement transformations with minimal resources while generating significant and sustainable ROI.

MetaProcure’s managed procurement services model is the latest addition to the list of tools and applications in the Tradeshift platform, including e-sourcing apps from Determine, supply chain management from Quyntess, CSR checks from Ecovadis, and dynamic discounting from C2FO. As the platform continues to grow, customers will have the tools and solutions they require to ensure enhanced business agility while fully understanding their entire supply chain.

 Tradeshift Collaborate, a feature within Tradeshift Buy, enables requisitioners to easily ask for procurement assistance, a service which is seamlessly provided by MetaProcure. The combined functionality frees up client procurement teams to focus on strategic priorities and drive greater value. The managed procurement services model also aims to deliver savings by significantly reducing or eliminating large up-front investments in favor of a pay-as-you-go fee structure based on attributes of the transaction.

“MetaProcure complements Tradeshift’s vision of total supply chain management as their model removes the transactional burden for procurement departments and allows procurement specialists to become strategic advisors to the business,” says Rinus Strydom, VP of Alliances, Tradeshift.