Tradeshift partners with Intuit to reach more than 5 million QuickBooks customers
Tradeshift, a cloud based, social business network and e-invoicing platform, announced a partnership with Intuit, a U.S. software supplier and leading provider of business and financial management solutions, including their flagship product QuickBooks.
This multi-million dollar deal is designed to facilitate electronic invoicing for small and mid-sized businesses. Intuit’s accounting and payments products, combined with Tradeshift’s electronic trading network, will streamline commerce between Intuit’s large customer base and those on Tradeshift’s electronic trading network.
The partnership networks Intuit’s 5m U.S. small businesses and Tradeshift’s current network of more than 150,000 businesses together. Christian Lanng, CEO of Tradeshift said “The partnership between Tradeshift and Intuit means we are now, together, the world’s largest network for business.”
Small businesses in the U.K. can already take advantage of an in-market app that lets users connect their Tradeshift account with QuickBooks Online. The free app lets users export Tradeshift invoices to QuickBooks Online to automatically update latest invoice details in their accounts. It also imports customer details from QuickBooks Online to Tradeshift invoices.
QuickBooks customers will be able to get paid via Tradeshift Instant Payments and add new business processes using Tradeshift Apps.
Lanng said “At such a scale (and with our commitment to open standards) Tradeshift becomes an even more appealing environment for developers and partners to create and sell Apps. And that opens the door to running any business process on the platform and, in time, feeding more data back into Quickbooks too.”
“We think there is no limit to how you can go if suddenly all accounting systems are connected in the cloud and using a shared platform.”