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CloudTrade announces that $3B worth of invoices have been processed via its platform since 2018, when the CloudTrade and SAP Ariba Standard PDF Invoice conversion application was released. Boston,United States - May 18, 2022 /PressCable/ —
CloudTrade , an Advanced company, the leading provider of e-invoicing and complex data capture services, is celebrating a significant milestone in its partnership with SAP Ariba. CloudTrade announces that $3B worth of invoices have been processed via its platform since 2018, when the CloudTrade and SAP Ariba Standard PDF Invoice conversion application was released. CloudTrade was acquired by Advanced, the leading provider of business software and services, in October 2021 and continues to drive investment and grow its relationship with SAP Ariba. Advanced’s expanding portfolio of solutions across Finance and Spend Management positions it well to support its customers and partners such as SAP Ariba, to overcome more and more of the business challenges they face. Nathan Ollier, Vice President of ERP for Advanced, explains: “SAP Ariba offers the World’s supply chain the opportunity to trade fully electronically, helping businesses of all sizes to achieve digital transformation and optimal scalability. The size of Ariba Network is unparalleled and, thanks to CloudTrade’s suite of unique, proprietary e-invoicing solutions, the methods by which the buyers and suppliers can transact are massively enhanced, so much so that $3B worth of invoices have now been processed via CloudTrade’s platform, since the solution was launched on Ariba Network in 2018.”
Today CloudTrade offers a suite of solutions, available via the SAP® App Centre independently or as a solution suite. Those tools provide Ariba users with a single, affordable solution for the automation of all their inbound invoices, including PDF’s and images, low and high volume. CloudTrade’s solutions include:
CloudTrade’s PDF Invoicing for Ariba Network, which extends the reach of electronic invoicing and enables medium volume senders and upwards (suppliers that submit over 100+ invoices per annum) to transact digitally on Ariba Network. Removing the need for suppliers to do PO Flip or undertake lengthy technical setups or use error prone OCR. PDF Invoicing Customizations PDF Invoicing Customizations reads, converts, and enriches machine generated PDF data to a format required by both Ariba Network and the buyer’s finance application. This can include additional fields or validation needed by the buyer to allow them to upload the document and data to their downstream processes. CloudTrade’s Two-way PO match and invoice enrichment service allows a buyer’s PO data to be accessed via the SAP Ariba published Open PO API, so the suppliers invoice can be checked and verified against a PO and mandatory fields before creating an SAP Ariba compliant cXML file for automated downstream processing. CloudTrade’s Buyer ANID Email Insertion delivers a customized, unmonitored service to automatically populate the subject line of the email with the sender’s ANID number to speed up identification checks, without any system changes from either the sender or buyer. CloudTrade Invoice conversion Services (CICS) for OpenICS add-on enables SAP Ariba users to process image files, alongside data PDF’s and Word, XLS and XML format invoices using CloudTrade’s patented technology, without making any operational or technical changes. CICS also ensures any specific extraction requirements and validation rules are met before the invoice is uploaded to Ariba network. New add-ons are also set to be launched later this year to further enhance CloudTrade’s existing PDF universal data capture and conversion solutions for senders and receivers of any application generated documents. CloudTrade’s rapid invoice automation enables submission and receipt of invoices from supplier to buyer with ease. A supplier simply emails or uploads the invoice (as produced from their billing system as standard) and it is converted to an Ariba Network compliant invoice for automated processing. Nathan Ollier concludes: “We are immensely proud of our ongoing partnership with SAP Ariba and the assistance the team have brought to Ariba Network during that time. The team and I look forward to enabling more of the network to transact digitally and reap the rewards of automating their back-office functions.”
About SAP Ariba
Founded in 2010 to offer a fresh approach to electronic document processing, CloudTrade forms an integral part of several global business service provider’s solutions with over 850+ customers globally around the world who trust CloudTrade with $20bn worth of documents as their application generated document automation tool, alongside over 50 partners. SAP Ariba supports businesses achieve digital transformation through its e-procurement and supply chain capabilities. Supported by Ariba Network, it connects small to large organizations across the world connect on a single platform. The SAP Centre connects Ariba Network users with real-time access to approximately 1,900 innovative partner solutions that complement and extend their SAP solutions, enabling digital transformation of their business. SAP App Centre customers can buy solutions directly from partners and centrally manage purchases, billing, and vendor communications. CloudTrade Technologies is a partner in the SAP® PartnerEdge® program. As such, it is empowered to build, market, and sell software applications on top of market-leading technology platforms from SAP. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract. About CloudTrade, an Advanced company
As the market leader in document automation, CloudTrade makes 100% accurate data processing accessible for all senders and receivers of application generated documents. CloudTrade’s unique, patented technology, enables companies to evolve past their reliance on paper or labor-intensive manual processing and transact digitally with their trading partners, irrespective of size or technical maturity. CloudTrade was acquired by Advanced, a leading provider of business software and services in October 2021. CloudTrade’s core product suite focuses on automating the processing of invoices, orders and freight and logistics documents, as well as Invoice Fraud Protection. CloudTrade’s software is protected by lasting patents in Europe, the U.S. and Australia. CloudTrade is an Advanced company. For further information visit www.cloud-trade.com . Media Contact:
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CloudTrade Celebrates $3B Worth of Invoice Processing for SAP Ariba Customers

Submitted
Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years. The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won. Richard Moore, Co-Head of Investments at Calculus Capital, says: “The company and its management have performed exceptionally well and we are delighted to deliver this result to our investors after such a short investment period. I have immensely enjoyed working with CloudTrade and wish the company all the best on the next stage of their journey as part of Advanced.”
David Cocks, CEO of CloudTrade, says: “The investment from Calculus was a key step in our growth. It enabled us to invest in sales and marketing and capitalise on the global market opportunity for the product. I am extremely grateful for the guidance and support from Richard, who has been a member of the board during the Calculus investment period.”
This is the 8th positive exit Calculus Capital has delivered since January 2020, following on from ActiveOps in March 2021 which achieved a 6x return and Mologic which delivered a return of up to 3.6x for investors.

Calculus Capital delivers four-times return with sale of software company CloudTrade

UKHotViews
Delighted to bring you the news that London-based e-invoicing software developer, CloudTrade, has been acquired by Advanced, one of the UK’s largest providers of business software and services. Terms were not disclosed. We first met CloudTrade CEO David Cocks and his top team at our eighth Little British Battler event back in April 2016 and were truly impressed (see LBB CloudTrade – making e-invoicing easy! ). A year later they were selected by Capita to help automate invoicing and accounts payable activities for its customers (see Capita partners with LBB CloudTrade ). CloudTrade stepped up a gear after being spotted at our inaugural Great British Scaleup event in July 2017 by John O’Connell, founder and chair of corporate advisory network ScaleUp Group (see CloudTrade: from ‘Battler’ to Scale-Up ). A year later, ScaleUp Group supported CloudTrade with its first external investment, a £2.2m funding round led by Calculus Capital (see CloudTrade's head in the clouds with £2m funding round ). CloudTrade had recently been chosen as the e-invoicing partner of German supply chain management software supplier, SupplyOn, giving them access to 60,000 customers in 70 countries (see ‘GBS’ CloudTrade scales up with SupplyOn ). CloudTrade’s acquisition by Advanced was supported by Paddy MccGwire who, with his team at Silverpeak, advised Cocks and his colleagues throughout the successful sales process. All of us at TechMarketView wish David Cocks and the CloudTrade team all the very best for the future. Footnote from Richard Holway
In so many ways, this CloudTrade deal epitomises the very best of TechMarketView’s partnering programmes and the power of networking. Anthony Miller has been the driving force behind those programmes after initiating Little British Battlers in 2012 and taking it on through Great British Scaleups and the highly successful TechMarketView Innovation Partner Programme  (TIPP) of today. John O’Connell has a long pedigree of understanding the power of the network which was very much behind his formation of the Scaleup Group (SUG) which sponsored our Great British Scaleup programme. Both Anthony & I joined as founder members of SUG and have been actively involved ever since as shareholders and investors in CloudTrade and others. On top of that Capita and Advanced have been close partners and clients of TechMarketView since our very inception (and indeed way before that!) Some readers might remember, at one of my ‘State of the IT Nation’ presentations, me offering to refund the £1250 per head ticket price for a 1% share in all the deals initiated that evening. There was a resounding ’Oh NO!’ from the gathered CEOs. There are so many examples of TechMarketView being the catalyst for couplings of all sorts in our sector. Something of which we at TechMarketView are immensely proud.

CloudTrade hits cloud nine with Advanced!

Calculus Capital delivers 4x return with sale of software company CloudTrade
18.10.21
Calculus portfolio company, CloudTrade, has been acquired by Advanced, a leading provider of business software, delivering a 4x return to Calculus investors in just over 3 years. The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won. Richard Moore, Co-Head of Investments at Calculus Capital, said: “The company and its management have performed exceptionally well and we are delighted to deliver this result to our investors after such a short investment period. I have immensely enjoyed working with CloudTrade and wish the company all the best on the next stage of their journey as part of Advanced.”
David Cocks, CEO of CloudTrade, said: “The investment from Calculus was a key step in our growth. It enabled us to invest in sales and marketing and capitalise on the global market opportunity for the product. I am extremely grateful for the guidance and support from Richard, who has been a member of the board during the Calculus investment period.”
This is the 8th positive exit Calculus Capital has delivered since January 2020, following on from ActiveOps in March 2021 which achieved a 6x return and Mologic which delivered a return of up to 3.6x for investors. Find out more about CloudTrade
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The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in any Calculus EIS Fund. An investment into a Calculus EIS Fund may only be made on the basis of reading in full the information set out in the relevant Information Memorandum. When investing in the Fund, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS unless you can afford to lose some or all of your capital. An EIS investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made by the Fund will be in unquoted companies, this may not be possible. Withdrawal within three years would lead to repayment of any tax reliefs received. The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation. This site uses cookies as described in our Cookie Policy . By continuing to browse this site you are agreeing to our use of cookies. I have read and understood this important information. I Agree

Calculus Capital delivers 4x return with sale of software company CloudTrade

Pagero is a company that focuses on digitalizing and automating business transactions across various sectors. The company offers services such as electronic invoicing, accounts payable and receivable automation, electronic procurement, sales order automation, electronic banking, and transport management. It primarily serves sectors such as healthcare, manufacturing, and the public sector. It is based in Gothenburg, Sweden.

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CloudTrade is a UK-based provider of cloud-based e-invoicing, e-order and complex data capture services. CloudTrade's technology – which has been patented in Europe, the US and Australia – enables companies to automatically process electronic documents such as invoices and sales orders received by email.

On October 18th, 2021, CloudTrade was acquired by Advanced. Terms of the transaction were not disclosed.

Name	Work History	Title	Status
David Cocks	Orbian	Founder, Chief Executive Officer	Current
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Name	David Cocks	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Work History	Orbian	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Title	Founder, Chief Executive Officer	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
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