Tradeshift

Automate Accounts Payable and Ensure Global e-Invoicing Compliance

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Description

Tradeshift offers a software platform designed to automate Accounts Payable processes and ensure global e-invoicing compliance. It assists businesses in managing invoices electronically, reducing manual errors, and lowering transaction costs. The platform aims to digitize B2B transactions and streamline financial workflows for improved efficiency.

The system integrates with existing Enterprise Resource Planning (ERP) systems and can be customized to meet specific business needs. Tradeshift focuses on facilitating supplier onboarding and ensuring adherence to various international e-invoicing mandates, such as those in France and Germany, covering compliance across numerous countries. It provides tools for finance, procurement, sellers, and IT departments to manage transactions, payments, and data integration effectively.

Key Features

AP Automation: Reduce costs and errors with AP automation and e-Invoicing digitization.
Global e-Invoicing Compliance: Manages compliance in 70 countries, including clearance countries and specific mandates (e.g., France PDP).
ERP Integration: Fully integrates with existing ERP systems.
Supplier Onboarding: Features 'First-invoice onboarding' for ease of digital transacting.
Automated Invoice Capture: Automatically captures invoices from multiple sources like e-Invoicing, PDF, OCR, or PO-flip.
Data Extraction & Validation: Employs multi-way matching and validation to ensure compliance with business rules.
Automated Approval Workflows: Automatically routes invoices based on predefined rules.
Real-time Insights Dashboard: Delivers visibility into approvals, payments, and spend via custom dashboards.
B2B EDI Integration Platform: Offers solutions for B2B Electronic Data Interchange integration.
Virtual Credit Cards: Provides VCC solutions for finance/procurement and sellers.
Invoice Financing: Offers invoice financing options for sellers.