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INTTRA and Tradeshift form Alliance to Support Industry Demand for Standardized Ocean Electronic Invoicing

Parsippany, N.J.—March 12, 2012—INTTRA, a global independent transactional network for ocean freight, and Tradeshift, an electronic invoice network for B2B collaboration, have entered into a strategic alliance to enable ocean carriers and their customers to manage ocean freight invoices, disputes and payments on a common platform with a single connection.

“Tradeshift brings affordable e-invoicing to companies by consolidating all their suppliers onto a single network in the cloud,” said Christian Lanng, Co-Founder and Chief Executive Officer, Tradeshift, San Francisco. “Our alliance with INTTRA brings an integrated electronic invoicing solution to ocean freight carriers, forwarders and shippers that enables them to implement effective and efficient electronic invoicing across their entire organization. It provides for the complex ocean-specific invoicing and electronic dispute management that they require.”

“INTTRA eInvoice provides ocean carriers and their customers with electronic invoice presentation, automated matching of carrier invoices to estimates and automated dispute management capabilities that can be implemented in concert with any electronic invoicing and payment system,” said Ken Bloom, Chief Executive Officer, INTTRA. “We are pleased Tradeshift is the first enterprise electronic invoicing solution to be integrated with INTTRA and welcome them to our network of alliance partners. Tradeshift and INTTRA have indeed answered the call for enterprise-wide electronic invoicing for all their customers while supporting the operational needs for detailed ocean-specific invoice information,” he concluded.

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