News

Global enterprise taps Tradeshift for CloudScan e-invoicing tool

Thursday 25 October 2012 11:22 CET | News

Danish e-invoicing B2B social network operator Tradeshift has entered a deal with a global manufacturer.

Under the terms of the agreement, Tradeshift is set to provide the company with its CloudScan product designed for suppliers that looks to eliminate the need for manual input of invoices received via email, PDF or paper.

Tradeshift CloudScan users can provide suppliers with a centralized email address through which any document received is automatically converted into Tradeshift’s open digital format and appears on the e-invoicing platform. By crowd-sourcing the validation of this data, businesses can eliminate the process of manual entry.

In the event of missing or obscured fields, Tradeshift CloudScan automatically notifies the invoice supplier and lets them add any missing data - all achieved via a two-pane interface that compares the original document with the electronic equivalent. The information is then remembered for the next invoice.

Tradeshift’s business model is based on creating an API platform for free, thus allowing third parties to create other applications, as well as create a network with their suppliers, customers and partners to streamline common business processes.

In recent news, Tradeshift has entered a strategic partnership with SaaS supply chain finance (SCF) platform operator PrimeRevenue.


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Keywords: Tradeshift, CloudScan
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech