Background

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. 

Challenge

Tradeshift received high FX rates when using their bank for international payments. Additionally, they required a single platform that allowed them to see all payments history in one place that integrated with their platform.

Solution

Tradeshift opted to integrate the TransferMate app to their platform which will eliminate complexity, improve speed, transparency, and reconciliation while also saving time by enabling Tradeshift customers to complete all last-mile cross border payment transfers within the Tradeshift platform.

This new integration makes it easier than ever for global commercial buyers and sellers to digitally connect along every transaction phase. The new solution automates same-day cross border payment services from commercial transactions anywhere in the world more accurately, securely, and with lower fees than traditional correspondent banks.