Tradeshift: The Complete Guide to Modernizing Your AP Process

How Tradeshift streamlines supplier collaboration and invoicing

• Unified supplier network: Connects buyers and suppliers on one cloud-based network so invoices, orders, and communications are exchanged in a single system, reducing email/phone friction.
• Fast supplier onboarding: First-invoice and adaptive onboarding let suppliers start transacting digitally immediately (PDF, e-invoice, PO flip), increasing adoption and reducing manual setup time.
• Automated invoice capture & validation: OCR and structured e-invoicing capture invoice data; AI (invoice coding engines like Ada) validates and codes invoices, reducing manual data entry and errors.
• Multi-way matching & exception handling: PO, receipt, and contract matching plus configurable business rules automatically resolve routine cases and flag exceptions for human review.
• Approval workflows & routing: Rules-based routing and automated approvals speed up throughput and ensure invoices follow the correct sign-off paths.
• Real-time collaboration tools: In-platform messaging, dispute resolution, and shared dashboards let buyers and suppliers resolve queries directly and track invoice status.
• ERP and system integrations: Pre-built connectors (SAP, Oracle, etc.) and support for common formats (EDI, XML, PDF) sync invoice and payment data with back-office systems to avoid rekeying.
• Compliance & cross-border e-invoicing: Built-in compliance for many countries (Peppol, clearance systems, localized formats) ensures invoices meet regulatory requirements.
• AI-driven automation & analytics: AI improves coding, matching, and exception reduction (higher straight-through rates); dashboards and NL query tools provide spend, cycle-time, and supplier-performance insights.
• Payment visibility & supplier self-service: Supplier portals/home apps allow suppliers to track invoices, view payment status, and manage documents—improving transparency and cashflow predictability.

Typical benefits: faster processing, fewer errors and exceptions, higher supplier satisfaction, improved cashflow visibility, and reduced AP costs/time.