1. Home
  2. Connectivity
  3. Payments - Disbursements

DXC Technology and Tradeshift collaborate on accounts payable and procurement processes

DXC Technology and Tradeshift have announced a collaboration that is designed to help enterprises automate and transform their procure-to-pay processes while driving competitive growth through better analytics and insights.

The firms say that, in many finance organisations, 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 optimisation and use analytics to create actionable data-driven insights for immediate business impact. With DXC’s strengths in artificial intelligence, machine learning and analytics, the company’s robotic process automation platform (DXC Agile Process Automation), and Tradeshift’s apps ecosystem, the two companies say that customers can accelerate digital transformation.

“The finance function within global organisations struggles with the lack of end-to-end visibility across disaggregated supplier networks,” said Aniket Maindarkar, vice president and general manager, Business Process Services, DXC Technology. “This leads to lost revenues in accounts payable and procurement operations because of the absence of timely actionable data. 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.

 

Like this item? Get our Weekly Update newsletter. Subscribe today


This item appears in the following sections:
Connectivity
Payments - Disbursements
Accounts Payable Management
Big data
Procure-to-Pay Cycle in WCM
News

Also see