Tradeshift Reviews & Pricing

by TRADESHIFT | Founded 2012, San Francisco, CA

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What is Tradeshift?

Industry Specialties: Serves supply chain procurement industries

Tradeshift is a web-based platform focused on boosting collaboration with suppliers and streamlining the invoicing process. Users can speed up payment approvals and report deliveries to boost the efficiency of their teams while cutting out tedious manual data entry.

Users can leverage customizable rule-sets to ensure accurate invoicing practices before seeking approvals. It helps companies adapt to the unique and ever-fluctuating needs of sellers and small businesses while tailoring successful strategies through procure-to-pay inclusions.

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User Sentiment

Based on 234 reviews:

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Tradeshift Pricing

Based on our most recent analysis, Tradeshift pricing starts at $3,600 (Annually, Freemium).

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Starting From: $3,600
Pricing Model: Annually, Freemium
Free Trial: No

Training Resources

Tradeshift is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Tradeshift:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Tradeshift Benefits and Insights

Why use Tradeshift?

Key differentiators & advantages of Tradeshift

Better Supplier Connections: Tradeshift connects suppliers and businesses to streamline invoicing, product collaboration and transaction speeds. Both parties can access a unified location to communicate and comply with contract terms. Speed up onboarding and give suppliers an intuitive place to do business.
End-to-End Supply Chain Payment Support: This system gives users the ability to digitally control their invoices, payment programs and more. Connect, digitize, manage and customize accounting practices for more accuracy and less time spent on daily procurement and payment tasks.
Small Business Aid: Tradeshift provides free invoicing services for small businesses, consultants and freelancers.
100% Accounts Payable Automation: Tradeshift Pay eliminates manual tasks and opens up time and resources normally spent correcting manual entry errors. Take all documents and processes digital while accessing them from anywhere in the world.
Keep Your Favorite Apps: The included Tradeshift App module lets users extend the power of Tradeshift Pay with hundreds of available integrations. Integrate with legacy systems or modern services like Amazon, Paypal, Intuit Payments, Digital Signing and more. Users can also build and use new apps that meet their unique business requirements.
Cloud-Based Benefits: Tradeshift is a cloud-based solution that eliminates the need for lengthy on-premise setups. The cloud offers document security, additional storage, real-time updates and usually an accessible cost of entry for smaller businesses.

Industry Expertise

Tradeshift is a widely adopted procurement and supply chain accounting platform that, most recently, was placed in the Forbes Fintech 50 of 2019. With offices in over 13 countries, Tradeshift connects and digitizes businesses around the world.

Tradeshift Reviews

Average customer reviews & user sentiment summary for Tradeshift:

234 reviews

78%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Tradeshift reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Easy to Use: Tradeshift receives consistent praise for its user-friendly interface and intuitive design, making it easy for both buyers and suppliers to navigate and utilize its features effectively.
Automation Capabilities: The platform's automation features, such as automated invoice processing and purchase order creation, streamline procurement processes, saving time and reducing manual effort for users.
Collaboration Tools: Tradeshift facilitates seamless collaboration between buyers and suppliers through features like shared workspaces, document sharing, and real-time communication, fostering stronger relationships and improving efficiency.
Global Reach: With its extensive network and support for multiple languages and currencies, Tradeshift enables businesses to connect and transact with suppliers and buyers worldwide, expanding their procurement opportunities.
Scalability: Tradeshift's cloud-based platform offers scalability to accommodate the evolving needs of businesses as they grow, ensuring that the solution can adapt to changing requirements and transaction volumes.

Cons

Limited Functionality for Procurement Teams: Tradeshift primarily focuses on accounts payable automation and e-invoicing, which may not fully address the broader needs of procurement departments, such as spend analytics, contract management, and supplier relationship management.
User Interface Complexity: Some users find the platform's interface to be complex and challenging to navigate, particularly for those new to e-procurement systems. The learning curve can be steep, requiring additional training and support.
Integration Challenges: Integrating Tradeshift with existing ERP or procurement systems can be a complex process, potentially requiring significant IT resources and customization. This can lead to implementation delays and additional costs.

Researcher's Summary:

Tradeshift is a cloud-based platform that helps businesses manage their spending and supplier relationships. Users appreciate its user-friendly interface and comprehensive features, which include supplier management, order management, invoice management, and payment management. The platform's ability to automate tasks and streamline processes saves businesses time and money, while its real-time data and analytics provide valuable insights into spending patterns and supplier performance. However, some users have noted that Tradeshift can be pricey, especially for smaller businesses, and that it may not integrate seamlessly with all existing systems.

What sets Tradeshift apart is its focus on collaboration and supplier engagement. The platform makes it easy for businesses to connect and communicate with their suppliers, which can lead to stronger relationships and improved supply chain efficiency. Additionally, Tradeshift offers a range of financial solutions, such as dynamic discounting and supply chain financing, which can help businesses optimize their working capital. Overall, Tradeshift is a good fit for businesses of all sizes that are looking to improve their procurement processes and build stronger relationships with their suppliers. Its ease of use, comprehensive features, and focus on collaboration make it a valuable tool for any organization looking to take its procurement to the next level. Keep in mind that the software landscape is constantly evolving, so it's always a good idea to check for the latest information and updates before making any decisions.

Key Features

Supplier Onboarding: Tradeshift provides strong onboarding to a digital environment that they guarantee with a Service Level Agreement. Easy and intuitive invoicing interfaces along with a powerful seller experience makes onboarding easy. A dedicated team of onboarding experts can help get things running for a quick ROI.
Financial Management: Control financial tasks with dynamic discounting, flexible financing and virtual credit cards. Users can switch between bank and user-funded solutions, leverage early payment programs with supplier segmentation, and connect multiple bank accounts to a single system for easy access.
No Integration Needed: Adopt a modern and manageable buying experience into your e-procurement tools. There is no lengthy delay required to get up and running with this software.
Marketplace Manager: Create a marketplace that lets employees shop while also accessing all supplier content and punchouts. It also allows for the creation of a public spot market to better collaborate while discovering new suppliers.
Mobile Apps: Stay on the move with access to integrations and important documentation through internet-enabled devices. Don’t stay chained to a desk with Tradeshift Buy and Pay.
AP Automation: Complete 100% of your invoice volume through digital transactions instead of relying on old analog scanning methods. Free up valuable employee time by cutting out tedious data entry tasks.
Procurement: Tradeshift focuses on connecting suppliers with clients while providing searchable catalogs for use within supply chains.

Suite Support

Email: Users should log in through the Tradeshift support portal, fill out their information and submit a ticket to receive technical support.

Phone: Users should log in through the Tradeshift support portal, fill out their information and submit a ticket to receive technical support.

Training: Users can find webinars and a searchable knowledge base through the Tradeshift support portal. Training is also available through the Tradeshift University BETA program.

Tickets: Users can submit tech support tickets through Tradehift’s support portal. Experts can offer a more personalized support experience through the use of Tradeshift account information.