Zurich Adopts Tradeshift Platform for Complete Procure-to-Pay Transformation

By CIOReview | Tuesday, January 19, 2016
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Fremont, CA: Tradeshift, the leading global supplier collaboration platform, announced its latest partnership with Zurich Insurance Group, a global insurer based out of Switzerland. By delivering innovation, efficiency and cost reductions in its global accounts payable and procurement processes, Tradeshit will help optimize the insurer’s supplier-facing business operations.

Tradeshift’s network-based, procure-to-pay solution will assist Zurich in reducing and replacing paper invoices with automated e-invoicing with workflow to enhance and automate several processes in accounts. For improved accuracy, the Tradeshift’s network-based solution will enable Zurich’s suppliers to easily upload invoices and manage their own data. In addition, Zurich will be one of the first customers to implement Tradeshift Buy, the all-in-one, integrated procurement solution. By combining Tradeshift’s AP automation and operational procurement tools, Zurich will have an integrated solution that delivers user-focused best practices, reduced supply chain management expenses, and innovation that is enabled by the unique design of the cloud-based global platform.

 “With Zurich’s commitments to corporate and environmental responsibility, we are pleased 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 utilise Tradeshift’s invoicing solution, we are also excited to leverage its integrated eProcurement capabilities to support the procurement vision across our geographies.” Says,Kian Shroff, Global Head of Procurement, Zurich.

“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,” Explained Charles Royon, Vice President EMEA, Tradeshift.

Zurich plans to first implement Tradeshift in Europe and then later in the US. Zurich also has ambitious plans to expand the solution across its other regions.