AP Automation, Procure to Pay
Why Santa uses Tradeshift Procure to Pay software
A true(ish) story of North Pole efficiency with Tradeshift’s Procure to Pay software
Ever wondered how Santa manages his massive holiday preparations?
Thanks to Tradeshift’s Procure to Pay software, the North Pole stays efficient and stress-free, even on Christmas Eve.
Assembling toys depends on a network of specialist suppliers.
When the elves run low on wrapping paper, the log into Tradeshift Shop, select what they need, and click submit.
Time is of the essence in the run-up to the big night, leaving no room for bottlenecks or delays.
Thankfully, Tradeshift’s automated approval routing allows Santa to check and approve requests in an instant.
The elves don’t have to wait long for their orders to come in.
Like any global operation Santa’s grotto needs to stay ahead of regulatory changes.
E-Invoicing compliance as a service is built into Tradeshift’s P2P solution.
Santa can rest easy knowing every transaction is secure, standardised and validated.
It’s all hands to the pumps in the run-up to the festive season.
Santa can’t have his elves manually processing invoices when they should be assembling toys.
Tradeshift’s industry-leading AI automatically matches invoices to purchase orders.
This greatly improves speed and accuracy with minimal need for human (or elven) intervention.
It’s a little-known fact that Santa runs on a very tight budget.
With millions of toys and incidental expenses to account for, it’s easy for things to get out of control.
Thanks to Tradeshift, Santa maintains real-time visibility over spending.
Every penny is tracked and accounted for, from purchase request to payment.
Audit-ready reports are available at the click of a button.
Santa’s finance team stays merry, safe in the knowledge that every transaction is tracked and documented.
Maintaining strong relationships with trusted suppliers makes Santa’s job easier.
Real-time collaboration on the Tradeshift platform means faster issue resolution and faster payments to suppliers.
With more and more toys to deliver every year, Santa’s processes were beginning to feel the pressure.
Thanks to a scalable Procure to Pay solution like Tradeshift, he’s able to continue delivering joy right on schedule!
