Tradeshift

TL;DR

Enterprise-grade accounts payable automation and e-invoicing compliance platform serving global businesses
Reduces invoice processing costs by up to 90% while ensuring compliance across 70 countries
Trusted by Fortune 500 companies like DHL, Air France, and Société Générale
PDP-registered for French e-invoicing mandate with first-invoice supplier onboarding

What is Tradeshift

Tradeshift is an enterprise-level digital platform that combines accounts payable (AP) automation with global e-invoicing compliance capabilities. The platform digitizes and automates the entire invoice processing workflow—from supplier onboarding and invoice capture to validation, approval, and payment—while ensuring compliance with rapidly evolving e-invoicing regulations across 70 countries. Founded in 2010, Tradeshift processes over 10 million invoice documents monthly and serves as a comprehensive solution for businesses looking to eliminate manual AP processes, reduce costs, and meet government-mandated e-invoicing requirements.

Key Features

First-Invoice Supplier Onboarding: Suppliers are automatically onboarded when they submit their first invoice, eliminating friction and accelerating digital adoption without requiring separate registration processes.
Multi-Format Invoice Capture: Automatically captures invoices from multiple sources including e-invoices, PDFs, OCR scanning, and PO-flip submissions, ensuring no invoice is missed regardless of format.
Intelligent Data Extraction & Validation: Uses AI to extract invoice data and performs multi-way matching against purchase orders and receipts, validating compliance with business rules to minimize errors and exceptions.
Automated Approval Workflows: Routes invoices automatically based on predefined rules and thresholds, reducing manual intervention and accelerating the approval process with customizable workflow configurations.
Global Compliance Management: Maintains compliance with e-invoicing regulations in 70 countries including clearance in 12 countries, with PDP-registered status for France and automatic updates for changing regulations.
Real-Time Analytics & Reporting: AI-powered reporting app using Amazon QuickSight provides instant insights into AP performance, spend analysis, and compliance status with customizable dashboards.
Seamless ERP Integration: Fully integrates with existing ERP and financial systems through pre-built connectors and APIs, ensuring smooth data flow without disrupting current processes.

Who is Tradeshift for?

Large Enterprise Finance Teams: Organizations with $100M+ turnover requiring sophisticated AP automation and multi-country compliance capabilities
Global Corporations: Companies operating across multiple jurisdictions needing unified compliance management for various e-invoicing mandates
Transportation & Logistics Companies: Businesses like DHL and Kuehne+Nagel managing high volumes of supplier invoices across global operations
Manufacturing Organizations: Companies like Schaeffler requiring standardized digital document processing across extensive supplier networks
Retail Chains: Retailers like Le Bon Marché needing efficient supplier communication and transparent document handling
CFOs and AP Directors: Finance leaders seeking to transform manual AP operations into strategic, data-driven functions

Key Use Cases & Applications

Multi-Country Compliance Management: Centralizing e-invoicing compliance across operations in France, Germany, and other countries with upcoming mandates while maintaining local regulatory adherence.
High-Volume Invoice Processing: Automating the processing of millions of monthly invoices for global enterprises, reducing manual work by 3 million hours annually as reported by customers.
Supplier Network Digitization: Converting entire supplier bases from paper to digital invoicing through first-invoice onboarding, particularly for manufacturing and logistics companies.
AP Department Transformation: Evolving accounts payable from a cost center to a strategic function through automation, analytics, and straight-through processing improvements.
Working Capital Optimization: Leveraging early payment discounts and optimizing payment timing through improved visibility and control over the invoice lifecycle.
Audit and Compliance Reporting: Maintaining comprehensive audit trails and generating compliance reports for regulatory bodies across multiple jurisdictions.

Pros

Exceptional ROI metrics: Delivers up to 90% reduction in invoice processing costs and 70% faster processing times with proven results across Fortune 500 clients.
Comprehensive global compliance coverage: Covers 70 countries for e-invoicing compliance with automatic regulatory updates and PDP-registered status for France.
Frictionless supplier adoption: First-invoice onboarding eliminates the traditional supplier registration barriers that plague other platforms.
Enterprise-grade customization: Platform adapts to complex business requirements with customizable workflows, rules, and integration options.
AI-powered analytics included: Built-in reporting and analytics app provides instant insights without requiring additional business intelligence tools.
Strong partner ecosystem: Joint venture with HSBC (Semfi) adds embedded finance capabilities directly within the platform.

Cons

Enterprise-focused pricing model: Platform is designed for large organizations with significant invoice volumes, making it potentially cost-prohibitive for smaller businesses.
Limited self-service options: Unlike some competitors, Tradeshift requires direct contact for pricing and demos rather than offering self-service trials.
Dependency on supplier adoption: While first-invoice onboarding helps, maximum value requires high supplier participation rates which can vary by industry.

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

How does Tradeshift's first-invoice onboarding actually work?

When a supplier sends their first invoice to a Tradeshift customer, they're automatically registered on the platform without needing to complete a separate onboarding process. The system captures their invoice data and creates their account simultaneously, allowing them to immediately start transacting digitally. This eliminates the traditional barrier where suppliers must register, learn a new system, and then submit invoices, significantly increasing adoption rates.

What makes Tradeshift different from other AP automation solutions?

Tradeshift distinguishes itself through three key differentiators: First, it specializes exclusively in AP automation and compliance rather than being a broader ERP add-on. Second, it offers unmatched global compliance coverage across 70 countries with automatic regulatory updates. Third, its first-invoice onboarding methodology achieves higher supplier adoption rates than traditional platforms. Additionally, the platform's enterprise-grade customization capabilities and joint venture with HSBC for embedded finance set it apart.

How does Tradeshift handle the French e-invoicing mandate?

Tradeshift is one of the first platforms to receive PDP (Plateforme de Dématérialisation Partenaire) registered status in France, making it fully compliant with the 2026 mandate. The platform automatically formats invoices according to French requirements, manages the required e-reporting, and handles communication with the government's PPF (Public Billing Portal). It supports both incoming and outgoing invoice compliance, ensuring businesses meet all aspects of the mandate.

What level of technical integration is required to implement Tradeshift?

Tradeshift provides pre-built connectors for major ERP systems and offers flexible API integration options. The platform is designed to integrate seamlessly with existing financial systems without requiring extensive custom development. Tradeshift's technical integration team, led by specialists like Florin Radu mentioned in their resources, works directly with customers to ensure smooth implementation. The integration typically handles invoice data flow, approval routing, and payment status updates bidirectionally.

What kind of ROI can companies expect from implementing Tradeshift?

Based on customer data and industry benchmarks from Ardent Partners, companies using Tradeshift typically see: 90% reduction in invoice processing costs, 70% faster invoice processing times, 2.15x improvement in straight-through processing rates, and savings of millions of hours in manual work annually. The platform also enables better capture of early payment discounts and reduces late payment penalties through improved visibility and control.

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