Quyntess and Lely Industries partner on digital supply chain
Quyntess, an IT solutions company headquartered in Rotterdam, announced today that it has been selected by agricultural technology firm Lely Industries as its digital supplier integration and collaboration partner.
We are very excited to support Lely in their digital ambitions”, said Rob van Ipenburg, CEO at Quyntess. “The fact that Lely, together with Procurement Services, had performed an extensive evaluation process over multiple vendors and products shows that our solution is strong, we can serve companies regardless of industry or level of digital-maturity, and ambitious companies value the innovation we bring to the table.” Bart Kuijpers, Head of Data Value at Lely, indicated that the obvious efficiency gain is certainly not the only driver for this initiative: “In the near future, we are facing a significant increase in order volumes. Digitization allows us to upgrade the fulfillment capacity, in order to avoid impact on the lead-times and delivery reliability of these products”.
Quyntess’s modular solution, based on the global Tradeshift business network, will enable Lely to digitize both its procurement and supply chain processes on a global scale. Through this solution, Lely aims to increase the consistency, transparency and operational performance of its supply chain; leveraging on improved data quality and a more flexible collaboration with external business partners.
Founded in 1848, Lely Industries develops industry-leading robotics and data systems that increase animal welfare, flexibility and production on dairy farms, in an effort to create a sustainable, profitable and enjoyable future in farming.
Tradeshift: Pioneering eProcurement and Digital Trade
Tradeshift helps transportation and logistics organisations digitally transform their processes. The company offers a suite of services, including spend management, accounts payable and invoice automation, eprocurement, and supplier collaboration through a dedicated B2B supply chain marketplace of more than one million businesses.
As disruption and digitisation continue to accelerate, demand for Tradeshift’s solutions has grown dramatically. The company recently announced the signing of 20 new global enterprise customers since the beginning of its financial year on 1 February, while the number of active businesses transacting on the Tradeshift platform rise by 52 per cent year on year.
Tradeshift Chief Revenue Officer Christope Bodin expects that growth trajectory to continue, as the economy begins to fully reopen and the world works towards recovering from the pandemic. “We are well positioned to support the wholesale digitalisation of business processes,” Bodin said. “For organisations looking to grow in a post-COVID economy, this is fast becoming an organisational standard.”
Tradeshift in Brief
- HQ: San Francisco, USA
- Employees: 800 located in offices in 13 countries
- Customers: 500+ in 190+ countries
- Total on-platform transaction value: $1tn
- Platform: 1.5m companies connected
Key Tradeshift customers: Volvo, Kuehne+Nagel, DHL, Air France-KLM Group
Tradeshift: From $1 to $1 trillion
The company was established with a mission to “connect every company in the world, digitally,” according to Lanng, and followed the trio's earlier product EasyTrade, a pioneering open-source trade platform.
In July 2021, just over a decade since launch, Tradeshift announced passing a new milestone: the cumulative value of transactions processed across its platform passed the $1 trillion threshold. To put that in perspective, Tradeshift said it took two years to reach the $1bn milestone.
Commenting on Tradeshift’s current and future standing, chief executive Christian Lanng said: “We’ve helped a lot of businesses to stay operational and get paid during an extremely volatile period. Every time a business joins our platform it unlocks a whole ecosystem of relationships that we can help to digitise. This sets us apart from the majority of enterprise software providers who remain preoccupied with building connections one at a time.”