Tradeshift Pay

Tradeshift Pay is a network solution offered by Tradeshift that aims to automate accounts payable processes, with a specific focus on AP automation and e-invoicing. According to the vendor, this platform is suitable for businesses of all sizes, ranging from small enterprises to large corporations. It is utilized by professionals in finance and accounting, procurement, and supply chain, as well as industries such as retail, e-commerce, and manufacturing.

Key Features

AI for AP Automation: Tradeshift Pay incorporates AI technology to automate coding and approvals in the accounts payable process. The vendor claims that the AI layer learns from user behavior and becomes smarter over time, which can potentially reduce the need for manual intervention.

Global Invoice Tax Compliance: Tradeshift Pay supports e-invoicing and invoice tax compliance in over 50 countries, including Italy and India. According to the vendor, this feature ensures that companies can easily adhere to local regulations when processing invoices.

Wide Range of Applications: Tradeshift Pay offers various applications beyond AP automation and e-invoicing. These include supply chain automation, B2B marketplaces, and spend management, allowing businesses to extend the platform's capabilities to other areas of their operations.

Network Building and Collaboration: Tradeshift Pay provides self-service options to easily build a network of suppliers for e-invoicing. Additionally, the platform serves as a collaboration platform for procurement and supply chain financing, enabling efficient communication and collaboration with suppliers.

Digital Invoice Capture and Validation: Tradeshift Pay digitally captures all types of invoices, regardless of how they are sent by the seller. The platform utilizes a document firewall to ensure compliance with business rules, while multi-way matching aligns invoices with other purchasing documents for accurate processing.

AI-Enhanced AP Automation Dashboard: Tradeshift Pay allows users to customize the level of AI-powered action in the AP automation dashboard. According to the vendor, this flexibility enables organizations to adjust the desired amount of AI assistance in their accounts payable processes.

Human-Friendly Workflow Customization: Tradeshift Pay enables users to customize workflows to suit their specific needs. This includes reassigning approvals and adding personalized messages to communicate with team members and suppliers, potentially resulting in a more efficient workflow.