Tradeshift: What Makes It Great (AP Automation SolutionMap Analysis)

When searching for invoice processing and financing solution, procurement departments are often required to use multiple solutions for things like accounts payable (AP), supply chain financing and general source-to-pay processes. But Tradeshift is one solution that has brought together multiple aspects of early payment finance and hybrid trade financing models with a broad-based I2P and AP automation capability for buyers, tied to a network offering for suppliers.

San Francisco-based Tradeshift is a cloud platform that connects buyers and suppliers with the goal of digitizing supply chain relationships, processes and information, while also enabling everyday procure-to-pay activities. Its AP automation solution has specifically stuck out in recent years for being modern, adaptable and seamless when customers need it.

Tradeshift recently surpassed $1 trillion in transactions on its platform and was named a top contender of the SolutionMap AP Automation Spring 2021 vendors. Functional scores of Tradeshift show that it’s a solution leader.

As of the Spring 2021 update, the Spend Matters SolutionMap contains functional and customer satisfaction benchmarks on 75 solutions within the procurement technology landscape. But where does Tradeshift stand out most and help “set the bar” in AP Automation, and why should this matter for procurement and finance organizations?

Let’s delve into the SolutionMap benchmark to find out where Tradeshift is great.

“What Makes It Great” is a recurring column that shares insights from our SolutionMap updates for subscribers to SolutionMap Insider content and PRO analysis. Based on our rigorous evaluation process and customer reference reviews, each column offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.