Tradeshift Selected by ADM to Improve Accounts Payable Transaction Efficiency

  Tradeshift Selected by ADM to Improve Accounts Payable Transaction
  Efficiency

Business Wire

SAN FRANCISCO, Calif. -- June 18, 2014

Tradeshift, the fastest growing business transaction and collaboration
platform, today announced that Fortune 50 company Archer Daniels Midland
Company (NYSE: ADM) will shift to a global e-invoicing model using the
Tradeshift cloud-based business platform. The Tradeshift platform will provide
an open and fluid environment to transact over 2.5 million invoices annually
between ADM and its global supplier network.

The Tradeshift platform will initially be deployed across ADM’s Accounts
Payable in North America. It will then be expanded globally to create a
collaborative workflow between ADM and its thousands of suppliers. ADM
Suppliers click here for more info.

“ADM connects crops to markets in more than 140 countries on six
continents.To do that, we process more than 2.5 million invoices a year.
Transaction efficiency is fundamental to our business, and we needed to find a
vendor with a global footprint to establish a single system throughout our
company,” said Suzanne Leopoldi-Nichols,director, ADM’s shared services
group. “The Tradeshift platform will allow us to innovate and improve
collaboration and transaction efficiency across our global supplier network
without disrupting our existing infrastructure.”

The Tradeshift collaborative workflow automates many of the repetitive
administratively intensive aspects of invoicing and transactions. It allows
buyer and suppliers to communicate in real time to resolve questions,
exceptions or disputes before they enter an ERP system. This approach reduces
the cost of supply chain management and reduces friction by enabling
transparency, productivity, and simplicity.

Said Christian Lanng, CEO of Tradeshift, “The addition of ADM to the
Tradeshift business platform is a huge endorsement that our vision and
strategy to end the cycle of inefficiency and frustration at the point of
transaction and replace it with collaboration creates additional value for the
entire supply chain and is transformational to global business efficiency.”

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE:
ADM) have transformed crops into products that serve vital needs. Today,
31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa
into products for food, animal feed, industrial and energy uses. With more
than 270 processing plants, 470 crop procurement facilities, and the world’s
premier crop transportation network, ADM helps connect the harvest to the home
in more than 140 countries. For more information about ADM and its products,
visit www.adm.com.

About Tradeshift

Imagine a place where all companies, big and small, come together to work,
collaborate and transact. Now stop imagining and start participating.
Tradeshift is the single, shared and open platform connecting buyers and
suppliers easily and without limitation. Launched in 2010, Tradeshift connects
500,000 companies across 190 countries, with over ten thousand more joining
every month. Businesses on the platform include DHL, the National Health
Service (NHS), French Government, CBRE and Vestas Wind Systems. Tradeshift was
awarded Best Enterprise at The TechCrunch Europa awards and Most Innovative
Solution by Financial-I. TechCrunch also recognized it for “Kicking Ass
Globally”. Tradeshift is a global business, headquartered in San Francisco
with offices in Copenhagen, London, Suzhou and Tokyo. Find out more at
http://tradeshift.com

Contact:

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