Tradeshift
UnclaimedAchieve global e-invoicing compliance and automate accounts payable with AI-powered solutions.
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TL;DR - Tradeshift
- Ensures global e-invoicing compliance across 69 countries, including 12 clearance countries.
- Automates accounts payable processes using AI, reducing costs by 90% and speeding up invoice processing by 70%.
- Offers extensive customization and integration capabilities for complex enterprise environments with high invoice volumes.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Mitigates compliance risks and avoids fines through comprehensive global coverage.
- Significantly reduces operational costs and manual effort in accounts payable.
- Highly customizable to fit complex enterprise requirements and multiple ERP systems.
- Improves data accuracy and reduces fraud risk with automated validation.
- Streamlines supplier onboarding without requiring suppliers to sign up to the platform.
Cons
- Primarily targets large global enterprises, potentially over-featured for smaller businesses.
- Requires significant customization for complex environments, which may involve implementation effort.
- Specific pricing details are not publicly available, requiring direct consultation.
Key Features
Global e-invoicing compliance in 69 countriesTax clearance capabilities in 12 countriesAI-powered invoice data extraction and validationAutomated purchase order matchingCustomizable business rules and approval workflowsIntegration with existing ERP systemsBusiness Firewall for inbound document validationReal-time dashboards for visibility and control
Pricing Plans
B2B Marketplace Platform
Contact us
- Transform your e-procurement function into a profit and growth center
- Monetize your network of buyers and sellers on a single, cloud-based platform
- Enable strategic and effective partnerships and a pool of vetted vendors
- Improve your bottom line and focus on discounts, analysis and cash flow
- Build a sustainable market of sellers and buyers (2M+ active sellers and buyers)
- Reduce spending on sourcing, onboarding, and managing suppliers
- Gain visibility into your procurement data
- Accelerate your procurement cycle times
- Embrace customizable automation to streamline procurement
- Create resilient processes built to last
About Tradeshift
By Toolradar Team·
Tradeshift provides a comprehensive platform for e-invoicing compliance and accounts payable (AP) automation, specifically designed for large global enterprises with complex needs. The platform ensures businesses meet mandatory e-invoicing and tax clearance mandates across 69 countries, including 12 clearance countries, mitigating risks of fines and reputational damage. It offers out-of-the-box compliance solutions and is a registered Plateforme Agréée (PA) in France, demonstrating its expertise in navigating intricate international regulations.
The AP automation software leverages AI to reduce invoice processing costs by up to 90% and accelerate processing times by 70%. It automates data extraction, validation, and purchase order matching from invoices in any format, eliminating manual errors and preventing fraud. Tradeshift integrates seamlessly with existing ERP systems and offers extensive customization capabilities to accommodate specific business rules, multiple AP systems, and complex workflows, making it ideal for companies with high invoice volumes and operations in many countries. The platform also facilitates easy collaboration between buyers and suppliers through in-platform messaging and offers real-time visibility into invoice statuses and cash flow via customizable dashboards.
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Tradeshift FAQ
How does Tradeshift handle e-invoicing compliance for countries with unique requirements, such as China's fapiao system or France's PDP status?
Tradeshift provides unique cross-zone fapiao e-invoicing capabilities for China and is one of the first software platforms to receive the Plateforme Agréée (PA) registered status in France, demonstrating its ability to manage specific national mandates and clearance models.
What is the 'Business Firewall' feature, and how does it contribute to data quality and compliance for incoming invoices?
The Business Firewall is a key differentiator that validates incoming documents, such as invoices and credit notes, before they even reach your Tradeshift account. It applies user-defined rules, which can be buyer entity or supplier group specific, to ensure required fields are present and correct, preventing errors and omissions from entering the system and improving overall data quality.
For companies operating in Belgium, what are the two distinct solutions Tradeshift offers for e-invoicing compliance, and how should a business choose between them?
For Belgium, Tradeshift offers two solutions: Babelway and Tradeshift's full service. Babelway is a 'do-it-yourself' option suitable for small to medium-sized businesses focused solely on Belgian compliance. Tradeshift's full service is designed for large enterprises with multi-country compliance needs, complex ERP integrations, and intricate AP requirements like auto-routing of invoices.
Beyond standard invoice processing, what specific types of customizations can Tradeshift accommodate for complex enterprise AP workflows?
Tradeshift specializes in extensive customizations, including configuring unique business rules, integrating with external services like tax validation, customizing approval processes, and automating coding for unplanned costs using machine learning based on predefined thresholds. It also offers extensibility points to integrate workflows directly with customer services or other customer integrations.
How does Tradeshift ensure seamless supplier onboarding and collaboration without requiring suppliers to actively sign up for the platform?
Tradeshift onboards suppliers with their first invoice, meaning they do not need to sign up to the platform. This approach simplifies the process for suppliers. Additionally, the platform provides easy in-platform messaging between buyers and suppliers to aid collaboration and efficiency.
Source: tradeshift.com