Tradeshift

“It is clear that the health crisis has accelerated the need to digitalize inter-business exchanges. For those who had not prepared before the crisis, I believe there will be a before and an after. We implemented the Tradeshift platform in February 2019 and since then, we have enrolled more than 500 suppliers and two thirds of our purchase orders and invoices are completely dematerialized through the platform.”

“As the solution is so user friendly, there is no longer any excuse to not use the system. If you can buy online at home, then you can buy here as well.”

“This will provide value to both Schaeffler and our supply chain. Our suppliers will get easy access to cheap liquidity and we’ll be able to better optimize our working capital and achieve our cash flow KPIs.”