DXC Technology (NYSE: DXC) and Tradeshift, a leader in supply chain payments and marketplaces, today announced a collaboration to help enterprises automate and transform their procure-to-pay processes while driving competitive growth through better analytics and insights.
In many finance organizations, the accounts payable and procurement functions involve manual and fragmented processes with lengthy cycle times that require many resources. The DXC and Tradeshift collaboration allows enterprises to deploy DXC Bionix™ to transform this function into an automated, business-process-as-a-service model.
Customers can drive touchless processing for invoices, improve cash optimization and use analytics to create actionable data-driven insights for immediate business impact. With DXC’s expertise in artificial intelligence, machine learning and analytics, the company’s robotic process automation platform (DXC Agile Process Automation), and Tradeshift’s apps ecosystem, customers can accelerate digital transformation.
“The finance function within global organizations struggles with the lack of end-to-end visibility across disaggregated supplier networks. This leads to lost revenues in accounts payable and procurement operations because of the absence of timely actionable data,” said Aniket Maindarkar, vice president and general manager, Business Process Services, DXC Technology. “This collaboration enables us to provide our customers with an end-to-end electronic process, eliminating the need for scanning and abstracting paper invoices or purchase orders and offers the option of accelerating e-invoice adoption with their suppliers.”
“Tradeshift is proud to team with DXC to combine our industry leading digital AP and early payments capabilities with DXC’s Business Process Services expertise to offer clients a significant cost reduction as well as a digital supply chain foundation for the future,” said Rinus Strydom, chief commercial officer, Tradeshift.
Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling. Discover commerce for all at tradeshift.com.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy our enterprise technology stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology.