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ADM Selects Tradeshift for e-Invoicing

Written By: Predrag Jakovljevic
Published On: June 20 2014

Fortune 50 company Archer Daniels Midland Company (ADM) announced that it would shift to a global e-invoicing model using the Tradeshift cloud-based business trading platform to transact over 2.5 million invoices annually between ADM and its global supplier network in more than 140 countries on six continents. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat, and cocoa into products for food, animal feed, industrial, and energy uses. The company also has more than 270 processing plants, 470 crop procurement facilities, and a premier crop transportation network.
 
The Tradeshift platform will initially be deployed across ADM’s accounts payable in North America. It will then be expanded globally to create a collaborative workflow between ADM and its thousands of suppliers.
 
The Tradeshift collaborative workflow allows buyers and suppliers to communicate in real time to resolve questions, exceptions, and disputes before they enter transactions in their enterprise resource planning (ERP) system. The company’s vision and strategy is to end inefficiency and frustration at the point of transaction and replace it with collaboration. Launched in 2010, Tradeshift connects 500,000 companies across 190 countries, with thousands more joining every month.
 
While Ariba, an SAP company, remains the leading trading network provider, high-profile wins like this by its novel cloud competitors will keep the giant on its toes.
 
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