TradeCentric and commercetools announced an ecommerce-focused “strategic partnership” tied to procurement for B2B buyers.
The companies said in the announcement that their partnership helps suppliers grow revenue faster while making procurement less complex. TradeCentric and commercetools said the partnership will help suppliers connect digital storefronts “directly to buyers’ procurement systems.”
TradeCentric provides B2B e-procurement integration solutions. Commercetools describes itself as an artificial intelligence (AI)-first ecommerce platform for global enterprises that uses modular technology.
B2B commerce is undergoing a fundamental transformation, according to Paul Applegate, vice president of partnerships at commercetools, in the announcement. He added that commercetool’s partnership strategy focuses on finding ways to simplify commerce capabilities for B2B customers across channels.
“This partnership enables our customers to automate procurement workflows through existing channels that drive measurable revenue growth and operational efficiency,” Applegate said. “TradeCentric’s PunchOut capabilities eliminate the manual, error-prone processes that slow down B2B transactions, directly supporting our commitment to deliver complete, enterprise-grade solutions.”
TradeCentric said companies leveraging its solutions have reported increases in revenue from both new and existing buyers. They have also experienced an 80% reduction in the time they spend on purchase order management. Similarly, they reported that they reduced the time they spend on invoice management by 75%.
How TradeCentric and commercetools are integrating systems for B2B ecommerce
In the announcement, the companies said B2B buyers “increasingly expect” B2C digital experiences “in the channels and systems that they rely on.” The companies said it “has become a core business requirement” to transact through procurement platforms.
“Together, commercetools and TradeCentric enable seamless integration capabilities that eliminate manual order processing, reduce errors, and accelerate order-to-cash cycles, helping enterprises operate with greater agility and efficiency while meeting their customers where they are,” the companies said.
Also in the announcement, the companies said their partnership has “already” benefitted joint customers. They cited supplier BSH Home Appliances. The partnership has already helped the supplier to accelerate revenue,” they said.
They said BSH Home Appliances is “realizing the benefits of faster order processing, improved accuracy and greater procurement visibility.”
Kevin Kazenmayer, vice president of business strategy and development at TradeCentric, said the partnership with commercetools “brings together two leaders to solve one of the biggest challenges in B2B commerce.”
“By combining commercetools’ flexible platform with our integration expertise, we enable suppliers to meet buyers directly within their procurement systems,” Kazenmayer said. “This is especially important in EMEA, where compliance, security, and standards like PEPPOL are critical. We help suppliers navigate these requirements while accelerating B2B automation, so they can win and retain more business.”
EMEA refers to Europe, the Middle East and Africa. PEPPOL is a standardized international framework for exchanging electronic documents. It stands for Pan-European Public Procurement On-Line.
Sign up
Sign up for a complimentary subscription to Digital Commerce 360 B2B News. It covers technology and business trends in the growing B2B ecommerce industry. Follow us on LinkedIn, X (formerly Twitter), Facebook and YouTube.
FavoriteThe post TradeCentric, commercetools partner on B2B ecommerce appeared first on Digital Commerce 360.
from Digital Commerce 360 https://ift.tt/StWRObp
0 Comments