Sending documents via Tradeshift provides the following benefits:
- Improved speed, as Tradeshift eliminates the time constraints fixed to paper and scanning processes.
- Cost savings, the expenses for paper, printing, postage and archiving will vanish.
- Improved invoice data quality, leading to higher “accepted” rates, as Schaeffler validation rules implemented on Tradeshift ensure that the document has all the data required for fast processing.
- A positive green agenda way of processing invoices decreasing carbon footprints by eliminating paper/postage costs/transport if you currently use hard-copy invoices, plus the non-value time required for your staff to create, ship and follow-up on paper/PDF based invoices.
- No risk of missing invoices, in contrast to paper or PDF invoices.
- Tax Compliance.
- More transparency regarding the respective invoice status, as it is automatically updated daily.
- Faster and more intuitive invoicing via the “Purchase Order flip” with simplified orders, which is suitable for an invoice volume of less than 300 pieces per year.