Tradeshift and Capgemini have entered into an agreement under which Tradeshift will acquire IBX Business Network, the business-to-business e-commerce pioneer established in Stockholm in 2000.
When the Swedish soccer player Zlatan Ibrahimović left his headquarters at Paris Saint-Germain he posted on social media that he “came like a king, and left like a legend”. I don´t want to make any other comparison to him, but when IBX now leaves the Paris headquartered Capgemini to join Tradeshift we can be proud of what we have achieved so far. I am especially proud of our long lasting customer relationships (some more than 16 years) with world-leading enterprise customers and the results our customers have achieved in terms of global procurement transformation.
At IBX and Tradeshift we are sharing the same vision to help our clients transform the way they do business, connect and interact with their trading partners. We have the same vision to build the world's largest business commerce platform and provide access to commerce for all. We both bring innovation, ideas and market-leading business commerce solutions to our clients.
The future transformation of the supply chain relies on rapid innovation, open business commerce networks and flexible technology. Just as you don’t want to change your smartphone because you want to use a specific app, procurement organizations will choose new technology solutions that allow them extreme flexibility to innovate their processes. This flexibility will be enabled by cloud-based systems that provide clear entry and exit points along the entire procurement process, and allow smaller process steps to be run through third-party apps, even without a user interface, for example, with chatbots and virtual assistants.
The internet of things, big data, and cognitive computing are trends that have the power to reshape the future of business commerce in ways that we cannot even imagine today. Procurement organizations need to think holistically and start looking at value generation rather than optimizing parts of a process or focusing on cost cutting. Process innovation with users’ demands in mind will benefit all parties of the supply chain, as users enjoy the convenience of a business commerce platform that is simple, agile and connected.
By joining forces with Tradeshift, we gain the power to lead the way buyers and suppliers interact. Together we will be able to offer our customers more innovations and the most comprehensive market-leading source-to-pay platform. The deal also forms the foundation of a new long-term partnership between Capgemini and Tradeshift, making Tradeshift Capgemini’s preferred source-to-pay and supplier network provider. Customers will now have best-in-class software to address the entire source to payment process, including e-sourcing, e-invoicing, AP automation, and eProcurement.