Tradeshift launches new cloud-based supply chain payment system to enable companies to simplify digital invoicing and supplier payment

Tradeshift launches new cloud-based supply chain payment system to enable companies to simplify digital invoicing and supplier payment

Coupled with the recent trend of buyers delaying payments to as much as 180 days to protect working capital, this has resulted in a serious logjam for companies to receive much needed payments.. The system enables the buyer and supplier to track invoices in real time, with an option for a flexible payment system that allows the supplier to receive payment direct from Tradeshift, preserving working capital for both the buyer and supplier.. What we can do is make it quick and easy for buyers and sellers to establish a digital connection, get money flowing again and stay close to one another during a turbulent period," said Dan Quinn, General Manager, Tradeshift Middle East & Africa Region..