Tradeshift
Tradeshift is a procurement and supply chain management software designed to digitize and automate invoicing, procurement, payments and supply chain processes. It provides tools for sourcing, contract management, supplier management, invoice processing and collaboration.
invoicing
procurement
payments
supply-chain-management
sourcing
contract-management
supplier-management
invoice-processing
collaboration
Tradeshift: Procurement & Supply Chain Management Software
Tradeshift is a procurement and supply chain management software designed to digitize and automate invoicing, procurement, payments and supply chain processes. It provides tools for sourcing, contract management, supplier management, invoice processing and collaboration.
What is Tradeshift?
Tradeshift is a cloud-based procure-to-pay software that aims to digitize and automate procurement, invoicing, payments and supply chain processes for businesses. Some key features and benefits of Tradeshift include:
- Supply chain collaboration - Tradeshift allows suppliers, buyers, and third parties to connect on a single platform to collaborate, communicate and do business.
- E-invoicing - It provides tools for creating, sending, receiving and processing invoices electronically.
- Supplier management - Businesses can manage supplier data, relationships, agreements, and communications from a central dashboard.
- Sourcing and contracting - Tradeshift has built-in tools for posting and managing bids, running auctions, supplier selection and contract creation.
- Procure-to-pay automation - It can automate many procurement processes like purchase orders, approvals, receipting and payments.
- Spend analysis - Businesses can use analytics tools to get insights into spend patterns, savings opportunities, supply chain risks etc.
- Payments and financing - Tradeshift enables integrated payments, dynamic discounting as well as early payments to suppliers.
- Open platform - It provides open APIs that allow easy integration with existing business systems.
Some major companies that use Tradeshift include Air France-KLM, DHL, Schneider Electric, BMW, Bosch Siemens, ASC etc. It offers solutions tailored for industries like manufacturing, public sector, retail, healthcare, higher education etc.
Tradeshift Features
Features
- Digitize and automate invoicing, procurement, payments and supply chain processes
- Sourcing and contract management tools
- Supplier management
- Invoice processing and collaboration
Pricing
- Subscription-Based
Pros
Streamlines procurement and supply chain processes
Improves visibility and control over supplier relationships
Facilitates collaboration between buyers and suppliers
Reduces manual data entry and errors
Cons
Steep learning curve for some users
Limited customization options
Requires integration with existing systems
Official Links
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