Tradeshift Launches Incubation Funding Initiative for Platform Application Development

  Tradeshift Launches Incubation Funding Initiative for Platform Application
  Development

                  *First-of-its-Kind Co-innovation Initiative
  *Expected to speed up time-to-benefit for enterprise procure to pay
    organizations

Business Wire

SAN FRANCISCO -- May 1, 2014

Tradeshift, the platform that empowers enterprises to work more easily and
productively with their supply chain, anywhere in the world, today announced
Tradeshift Studio. The initiative provides technology and design consulting
and expertise for app development, as well as funding and resources for
third-party developers. The initiative enables customers to create customized
transaction and workflow applications in order to increase their speed of
change and decrease their cost of change.

By functioning as an application design and development agency to Tradeshift
customers, Tradeshift Studio simplifies the transition to working with the
cloud-based platform because applications can be tailored to the needs of each
customer and the companies with which they do business. In addition, this
customization can be done without incurring the cost and time that often
happens with adapting applications to existing platforms.

“The rise of platform-based enterprise applications that follow the lead of
Apple and Force.com ecosystem models has taken time, especially in the
procurement and accounts payable areas. But the future of customized
cloud-based technologies will center on highly specific application
development that takes advantage of underlying platform and ecosystem
elements,” commented Jason Busch, Executive Editor, Spend Matters. The concept
of Tradeshift Studio shows us a glimpse into the future when companies will
select and build technologies as much on underlying platform, ecosystem and
application communities as the core functionality in business applications and
networks themselves.”

Tradeshift Studio also offers a strategic app development program. Like an
incubator, Tradeshift will provide guidance, resources and funding for
developers or startups that want to build innovative solutions exclusively on
the Tradeshift platform.

Said Christian Lanng, CEO of Tradeshift, “Having the ability to customize on
the platform to suit the needs of a business is key to increasing productivity
because it frees up companies from expensive, time-consuming implementations.
Through Tradeshift Studio, we co-innovate with enterprises to deliver the
custom solutions they need quickly. At the same time, we work with developers
and startups to provide funding, access to professional resources and
potential customers.”

About Tradeshift

Imagine a place where all companies, big and small, come together to transact,
connect and collaborate with each other. Now stop imagining and start
participating. For suppliers, Tradeshift delivers free electronic invoicing,
faster payments and predictable cash flow. For enterprises, we empower them to
work more easily and productively with their supplier network, anywhere in the
world.

Launched in 2010, Tradeshift connects 500,000 companies across 190 countries.
Businesses on the platform include DHL, the National Health Service (NHS),
CBRE and Vestas Wind Systems. Tradeshift was awarded “Best Enterprise” at The
TechCrunch Europa Awards and “Most Innovative Solution” by Financial-I.
TechCrunch has also recognized Tradeshift for “Kicking Ass Globally”.
Tradeshift is headquartered in San Francisco with offices in Copenhagen,
London, Suzhou, Tokyo and Paris.

Contact:

Tradeshift
Peter Adams, 415-794-5861
pfa@tradeshift.com
or
Horn Group for Tradeshift
Katie Uhlman, 415-905-4059
Katie.uhlman@horngroup.com
 
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