Tradeshift is a cloud-based business commerce platform that simplifies and streamlines processes such as invoicing, procurement, supplier management, and payments. It provides an end-to-end solution for managing supply chains and financial operations while enabling collaboration between organizations and their suppliers. Through its robust API and marketplace, Tradeshift supports seamless integration with other applications, ensuring easier workflows and automation.

Frends can integrate with Tradeshift to connect it with other business systems, automate transactions, and enhance the flow of data across platforms. By leveraging Frends, organizations can customize workflows involving Tradeshift and reduce manual efforts, ensuring efficient and accurate financial operations.

Business use cases

Automated Invoice Processing

Frends can automate the process of transferring invoices between Tradeshift and ERP systems like SAP, Oracle, or Microsoft Dynamics. For example, when a supplier submits an invoice via Tradeshift, Frends can automatically validate it, sync it to the ERP system, and trigger approval workflows, ensuring faster processing with reduced manual errors.

Supplier Onboarding Automation

Frends can streamline the supplier onboarding process by integrating Tradeshift with CRMs or procurement platforms. For example, when a new supplier is added to Tradeshift, Frends can automatically update supplier records across other systems, such as vendor management platforms or financial databases, ensuring consistent data.

Payment Management Integration

Frends can bridge Tradeshift with payment systems like PayPal, Stripe, or traditional banking systems to facilitate payment workflows. For instance, Frends can enable workflows where approved invoices in Tradeshift automatically trigger payment requests to the connected banking payment system and update the transaction status once payment is completed.

Purchase Order (PO) Synchronization

Frends can synchronize purchase orders between Tradeshift and other procurement or inventory management platforms. For example, when a PO is created in an ERP or procurement platform, Frends can push the PO to Tradeshift for supplier tracking, ensuring accurate and real-time updates in both systems.

Tax Compliance Automation

Frends can integrate Tradeshift with tax compliance tools to automate VAT and other tax-related workflows. For example, when an invoice is processed in Tradeshift, Frends can transfer the data to a tax calculation system like Avalara or Vertex, verify tax compliance, and return the results for reporting.

Supplier Collaboration and Notifications

Frends can integrate supplier communication workflows by connecting Tradeshift with email platforms or collaboration tools like Microsoft Teams or Slack. For instance, Frends can send notifications or reminders about overdue invoices or upcoming payment deadlines to relevant suppliers or stakeholders.

Audit and Reporting Automation

Frends can fetch invoice, PO, and payment history from Tradeshift and integrate it with business intelligence (BI) tools like Tableau, Power BI, or Excel for automated report generation. For example, Frends can pull monthly payment reports from Tradeshift and deliver them to finance teams in Excel-ready formats or create visual dashboards in a BI platform.

Compliance with B2G (Business-to-Government) Invoicing

For organizations that must comply with B2G e-invoicing requirements, Frends can enable seamless workflows between Tradeshift and government systems. Frends could automate the submission of invoices processed in Tradeshift to a government portal, ensuring compliance with regional e-invoicing mandates.

Real-Time Supplier Performance Insights

Frends can aggregate supplier data from Tradeshift and external systems to create performance analytics dashboards. For example, insights like on-time delivery rates, invoice accuracy, or late payment trends can be combined using Frends workflows, giving procurement teams actionable metrics to optimize supplier performance.

Fraud Detection and Prevention

Frends can integrate Tradeshift with fraud detection tools or custom workflows to detect anomalies in transactions. For instance, when invoices meet predefined fraud criteria (such as unusually high amounts or mismatched details), Frends can flag or block the transaction, notify the finance team, and launch a review process.

Returned Payment Handling

Frends can automate workflows for handling returned payments or remittance advice. For example, if a payment on Tradeshift fails, Frends can extract error details, update the ERP and supplier systems with the return status, and notify relevant parties, ensuring timely resolution.

Inventory and Procurement Integration

For businesses relying on Tradeshift for procurement, Frends can integrate it with inventory management systems. For instance, when inventory levels fall below a threshold, Frends can trigger a requisition workflow in Tradeshift, generate a PO, and send it to suppliers automatically, reducing stockouts and maintaining operational efficiency.

Cross-Platform Workflow Orchestration

Frends can connect Tradeshift with multiple business platforms, ensuring data consistency across systems. For example, when a supplier record is updated in Tradeshift, Frends can ensure the updates are synced with CRM systems like Salesforce, billing platforms, or custom procurement tools in real-time.

Multi-Level Approval Workflows

Frends can enhance Tradeshift's approval workflows by integrating them with external approval systems or custom processes. For instance, Frends can route high-value invoices to a CFO or approvals committee in another application, such as DocuSign or SharePoint, before the invoice is processed for payment in Tradeshift.

Data Cleanup and Reconciliation

Frends can automate the reconciliation of records between Tradeshift and other systems. For example, Frends can periodically check for discrepancies in payment statuses or invoice records, reconcile differences between Tradeshift and an ERP, and generate audit logs for compliance reporting.

By integrating Tradeshift with other systems using Frends, organizations can streamline their financial operations, improve supplier collaboration, and ensure compliance with market regulations. Frends enhances the capabilities of Tradeshift by adding process automation and interconnectivity, allowing teams to focus less on manual processes and more on strategic initiatives.