CLICK TO WATCH : ‘ COMMERCE FOR ALL ’ 43 the ability to on-board their buyers and suppliers . Allied to this was the opportunity to receive early payment and get finance in if they were willing to share their transactions with the banks . Tradeshift now boasts more than 500 of the Fortune 5000 enterprises on the platform along with 1.5mn companies across the network including early customers such as Keuhne + Nagel , Citibank and Capgemini . “ They ’ re moving roughly $ 500bn annualised in transaction volumes ,” reveals Sylvest , whose Chief Procurement Officer Roy Anderson applauds this huge achievement . “ At MetLife , we had 18,000 suppliers . And getting the top 200 digitally connected was a big success . Moving paper-based suppliers into a digital environment and being able to build value-added services like , supply chain financing , improved pricing structures and logistics information , with AI on top , is a transformational event ,” adds Anderson .
Tradeshift is now being utilised by the big banks , including HSBC , who create financing apps on the platform in free competition . With the expansion into procurement , it supports companies
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