trueLedger

Claimed Profile, managed by the company

Claim Company

Zurich

Switzerland

https://www.trueledger.net/

trueLedger reinvents “Procure to Pay”. With 100% contract automation and fulfillment tracking, we establish real-time transparency between buyers and vendors and automates the entire invoicing for both sides. Buyers save 10%-25% through better insights, automation and no more invoice leakage.

Active

Procurement

Status

Active

City (Headquarter)

Zurich

Country

Switzerland

FTE’s

Employees

Founding Date

3/6/2021

Funding ($)

1000000

Phone

+41 79

Contact Email

contact@trueledger.net

Founder

Founders

Jan Ellerbrock

Axel Brohm

Heiri Angele

Status

Active

City (Headquarter)

Zurich

Country

Switzerland

FTE’s

xxx

Employees

Funding ($)

xxxxxxx

Phone

xxxxxxxx

Founder

Founders

xxxxx

xxxxxx

xxxxx

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Techsegment

Blockchain

Software

Market Sub-Segment

Fulfilment

Procurement

Sustainability Sub-Segment

Responsible Sourcing

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Techsegment

xxxxxx

Sustainability Sub-Segment

xxxxxx

Market Sub-Segment

xxxxxx

Description

trueLedger is a Swiss ProcureTech / EnterpriseTech startup founded by former corporate executives. Being responsible for large transformation programs with heavy reliance on external service providers (consultants, IT developers, lawyers, etc.) we saw that there was little transparency about the services delivered an the cost incurred. So we founded trueLedger as a tech-enabled way to stay in control of contracts with externals (and the terms they include), obtaining real-time transparency on their progress and budgets, and eliminate the need to ever check and discuss an invoice again. Our company offers the tech solution to buyers of external services and the (optional) consulting services to set it up within your existing landscape and operate it in a way that it adds most value to your company.

Company USP

We have the only complete contract automation engine able to handle all types of service contracts with all terms and conditions known in the market. (e.g. rates, overtime, caps, discounts, bonuses, penalties) The engine can even be used for other spend categories (future scope)

Problems Solved

Companies spend high efforts in conducting RFPs and negotiating contracts, but these activities only address 30% of the possible value erosion. 70% occur after contract signature and are due to waste of resources, poor performance and incorrect invoices. trueLedger enables capturing these savings.

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Description

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Company USP

Business Model

B2B Software

B2B Service

Target Customers

Mid-size to large companies with substantial spend in external services, in particular Professional Services, IT services, Outsourcing, Legal Services, etc.

Reference Customers

Operating Geographies

Switzerland

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Business Model

xxxxxx

Target Customers

xxxxxx

Reference Customers

xxxxxx

Operating Geographies

xxxxxx

Attachments

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Attachments

lorem-ipsum.pdf

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