When you move as fast as Tradeshift, it can be easy to forget just how much has happened in the last year. But we’re lucky – the outside world has done a great job of charting our progress during this time – so now’s a good point to take a look back and see the story through their eyes.
Here’s a chronological selection of top stories about Tradeshift in 2012 from the likes of Techcrunch, Euromoney, Wired, the FT, Global Finance and more.
We look forward to working with you all again in the next 12 months — wait until you see what we’ve got in store for you.
“I suspect Lanng is onto something here. The 18 month old Tradeshift has already raised $17 million from investors including PayPal and is being used by more than 100,000 companies around the globe. So keep an eye on Christian Lanng. This is one Scandinavian who isn’t shy to radically change the world.”
“For me, the future of finance is clear: better data means better predictions and therefore a lower cost of money. You already have a credit card, so what if you can now use it in different ways.The real innovation is happening elsewhere and it is having a real-time impact on businesses of all sizes.”
“The opportunity for Tradeshift is vast. Just 20 per cent of small businesses use an accounting system; the rest use Microsoft Word or Excel to manage invoices. In larger businesses, 80 per cent use Quickbooks and Sage to manage accounts.”
“A Danish startup has created a fairly straightforward web-based application that lets organizations invoice each other online. But humble though it may sound, in the long run, this Nordic venture could well end up disrupting not just the business software industry but the banking industry as well.”
“Global shipping logistics company Kuehne + Nagel uses Tradeshift to help manage the eight million invoices it receives from 165,000 suppliers each year. Notes Jon Abrahamson, senior vice president at Kuehne + Nagel: “When you consider that some of our suppliers send many thousands of documents to us every year, we could hardly charge them on a per-item basis. Tradeshift turns the whole approach on its head, with very good results.””
“The bundled Fast Track package promises to allow companies to onboard an unlimited number of suppliers and will support the exchange of 25,000 documents per year all for a low cost, all inclusive, flat rate. Fast Track will also allow suppliers to take advantage of CloudScan, a product that eliminates the need for manual input of invoices received via email, PDF or paper.”
““The whole banking system is being disrupted. Start-ups like the Currency Cloud and Wonga are showing what is possible,” said Christian Lanng, chief executive of Tradeshift.”
“Even in trade finance, an area dominated by banks, the cloud and e-invoicing is transforming paper into data and new technology platforms such as Tradeshift are becoming a popular trade-financing model for businesses.”