Wipro invests in US-based startup Tradeshift

Wipro invests in US-based startup Tradeshift

 Wipro, the third largest IT services firm, has announced a strategic partnership with business process platform startup Tradeshift, based out of San Francisco in the US.

According to a BSE filing, the company announced strategic investment via Wipro Ventures, and said the partnership aims to help customers accelerate digitalisation and automation in their procurement, finance and accounting functions. “The agreement combines the capabilities of Tradeshift’s platform with Wipro’s integrated Source-to-Pay (S2P )services. Wipro’s S2P solutions enable enterprises to achieve efficiencies across the procurement value chain,” states Wipro.

By adding Tradeshift’s capabilities in product database, e-invoicing, procurement automation, mobility-enabled access, and global supplier risk management, Wipro will be able to standardise and continually expand its business process as a service (BPaaS) offerings.

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