AI in AP:
How (and why) Tradeshift has embedded AI throughout its AP platform
- Tradeshift’s platform incorporates AI capabilities directly into its core architecture for e-invoicing and Accounts Payable.
- The system automates routine finance operations while providing data analysis tools to support decision-making.
- Key functions include automated invoice processing, payment workflow management, and financial reporting with integrated analytics capabilities.
Our AI capabilities
AI is transforming finance and AP - you need a partner on the leading edge of the innovation in this area.
Tradeshift's platform is powered by a suite of sophisticated AI capabilities, each designed to optimise your AP workflows.
Ada, our AI coding engine
Ada serves as the intelligent force behind our platform, enabling pioneering customers to automate 99.5% of their AP workflows. Ada continuously learns and evolves, mastering your unique data, usage patterns, and corrections.
Invoice coding capability uses machine learning to learn from historical transactions to accurately help coding invoices. This reduces the need for manual intervention and ensures that invoices are ready for approval and posting, saving time and reducing errors.
Auto-coding
AI automatically fills in coding fields for invoices and credit notes, streamlining the process and reducing the need for manual data entry. This capability can be enabled or disabled according to the company’s preferences.
Automation Dashboard
The Automation Dashboard measures Ada’s performance against manual processes and provides predictive modeling to maximize efficiency and cost savings. It offers transparency and control, allowing businesses to scale AI use according to their comfort level.
Tradeshift’s
Business Firewall
Whilst it’s not AI powered (yet!), you might be interested in Tradeshift’s Business Firewall, as – like our AI – it results in better outcomes for our buyer customers.
A unique feature of the Tradeshift Business Firewall is that business rules can be created by many different data sources and validated against any given field.
Furthermore, different business rules can be set for different groups of suppliers or different receiver locations.
They are also in addition to our core validations: Many validations are built-in and standard such as invoice duplicate number detection, invoice recipient selection, invoice date, payment date, currency validation, etc.
Read our recent blog posts and articles on AI in AP and finance transformation
Document-level AI suggestions powered by Claude: Precision from the first transaction
Our highly accurate AI suggestions are powered by Amazon Bedrock, utilizing the latest Claude model from Anthropic.
This advanced AI captures critical details like quantities, pricing, tax information, and performs line-level purchase order (PO) matching with precision from the very first transaction or PDF.
This capability is a cornerstone of our end-to-end automation strategy, ensuring unparalleled data integrity and efficiency at scale.
AI-powered Reporting & Analytics App: Your predictive intelligence hub
Developed with the robust capabilities of Amazon QuickSight and Amazon Q, our Reporting & Analytics App transforms real-time AP data into predictive, actionable intelligence.
With Amazon Q, the conversational AI, you can ask questions in natural language across multiple languages and receive immediate, insightful answers, empowering data-driven decision-making.
For your sellers: AskAda, our embedded GenAI assistant - Instant knowledge
Imagine getting instant answers to your product and onboarding questions, in any language.
AskAda, our embedded GenAI assistant, provides conversational access to information directly within the platform.
This capability eliminates lengthy training cycles and reduces reliance on traditional ticket queues, putting product insights and support directly at your fingertips.
Our AI delivering real benefits for you
We develop all these AI-powered tools for the significant benefits they bring buyers and sellers on the Tradeshift platform.
2.9
days lightning-fast invoice processing
Experience unprecedented speed.
Our top-performing platforms process invoices in approximately 2.9 days – a significant 79% improvement over the industry average of 13.5 days. This significant reduction in processing time provides a clear competitive advantage.
51%
unrivaled straight-through processing rates
Achieve touchless processing like never before.
Our best-in-class customers attain an impressive 51% straight-through processing rate, nearly double the average of 29%. This high level of automation minimises manual intervention, reduces errors, and accelerates your financial close.
50%
growth in supplier relationships & efficiency
Free your team from endless inquiries.
We significantly reduce supplier support time by around 50%. One of the most common questions – “When will I get paid?” – is proactively addressed by our Payment Predictor for Sellers report.
This feature builds trust by giving suppliers clear payment forecasts, strengthening your entire supply chain ecosystem.