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. CloudScan is set to launch in Spring 2012.
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.
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