Tradeshift vs Procurify

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Our analysts compared Tradeshift vs Procurify based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Tradeshift Software Tool

Product Basics

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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Procurify is a spend management solution that helps improve spend culture by tracking expenses and purchases. It streamlines workflows and approval processes, as well as enables faster communication. Features include budget tracking, expense management, vendor management, audit logs, analysis, reporting and more. Easy integration with accounting offerings makes it easier to accumulate data in one place, while mobile access offers user convenience.
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$3,600 Annually, Freemium
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$1,000 Monthly
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Product Assistance

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Product Insights

  • 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. 
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  • Mobile App: Request, approve and receive goods; record items; capture and save packing slips and receipts; and receive alerts when an item needs attention. 
  • Control Expenses: Track purchases and budget, viewing a purchase pipeline to check what needs to be bought next month and plan accordingly. 
  • Integration: Use API access to integrate with accounting systems like NetSuite and QuickBooks, purchasing systems like Amazon PunchOut, and other software like Slack. 
  • Faster Communication: Communicate in-app instead of depending on emails or messages in another tool, which makes the decision-making process easier. 
  • Stay Compliant: Track and manage budget, purchase orders, shipping documents and invoices on one platform and ensure they are ready during the auditing process. 
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  • 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. 
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  • Approval Process: Customize and decide approval flows, control who gives approvals, and set approvals based on location, departments, users and dollar thresholds. Get notified and check real-time impact of budgets before approval. 
  • Purchasing Workflows: Streamline item purchase, approval, receiving and requests and match invoices to POs for payment. Pay with 3-way matching, generate POs and search for records. 
  • Budget Tracking: Track budgets in real time, keep a check on expenses and set up budget by projects, departments and more. Check the impact of new items on the budget before purchase and access graphs on actual and committed spending. 
  • Expense Management: Monitor personal spending or spending on credit cards, loop paper receipts and upload statements on the mobile app. 
  • Vendor Management: Manage vendors and track their performance against set parameters, create purchase orders, check for received items before making payments and create catalogs to order items from the right place. 
  • Spend Analysis and Reporting: Log spending and purchases, leveraging reporting graphics to get insights on trends. Access spend analysis divided into set categories like departments, users and more. 
  • Audit Logs: Capture, record and manage the history of all purchasing documents, including what edits were made and who made the request, approved purchase and received the items. 
  • User Permission: Set and customize job roles based on requirements and at a glance view permissions that are enabled for specific job roles. Limit access to administrative pages to specific job roles. 
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Product Ranking

#3

among all
Procurement Software

#8

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Budget Management Contract Management Dashboard And Reporting Invoice Management Mobile Capabilities Native Integration And Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving And Inventory Management Requisitions Sourcing Spend Management Supplier Management 98 0 83 67 97 83 82 90 90 36 90 50 68 77 0 25 50 75 100
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User Sentiment Summary

Good User Sentiment 234 reviews
Excellent User Sentiment 302 reviews
78%
of users recommend this product

Tradeshift has a 'good' User Satisfaction Rating of 78% when considering 234 user reviews from 4 recognized software review sites.

90%
of users recommend this product

Procurify has a 'excellent' User Satisfaction Rating of 90% when considering 302 user reviews from 4 recognized software review sites.

5.0 (18)
4.7 (17)
3.8 (212)
4.6 (37)
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4.5 (139)
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4.5 (109)
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Awards

we're gathering data

Procurify stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

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.
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Ease of Use: According to all users mentioning this aspect, the system is very easy to use and has a low learning curve.
Purchasing: It’s easy and quick to order supplies, making the purchasing process smooth in the experience of all the reviewers referring to this feature.
Ordering: This feature helps keep things in order and provides ready-made templates to order multiple items, according to all reviews referring to it.
Autofill: All users mentioning this aspect say the system helps auto-fill fields and recurring orders.
Budget Management: It's easier and quicker to analyze and approve budgets, according to 60% reviews mentioning this feature.
Navigation: Navigation between systems and features is seamless, according to all reviews referencing this aspect.
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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.
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Interface: More than 70% of users mentioning the interface report that the system has bugs and is slow.
Integration: More solutions need to be added as integration options, as more than 65% reviews that mention this feature note.
Receiving Items: All the reviewers mentioning this aspect observe that every time a new item is received, the main list refreshes and the item is lost.
Inventory Management: Every user mentioning this aspect say this feature would be better if it helped track inventory.
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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.

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Procurify is an easy-to-use system that improves budget management, provides useful templates for orders and simplifies item purchasing. It also offers user-friendly navigation, autofill features and more. However, reviews cite a slow system, difficulty in integration and the lack of inventory management as some drawbacks. It also loses newly received items due to list refreshes. Overall, it’s a good fit for companies that require frequent purchasing and expense management.

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