Tradeshift Review - why 3.7 stars?

Tradeshift Review
ITQlick Score: 59/100
ITQlick Rating:
Pricing: 3.4/10 - low cost
Category: Vendor Management -> Tradeshift review
Ranking:Ranked 9 out of 12 Vendor Management systems
Company: Tradeshift
Pricing: starts at $499 per license
Typical customers: Medium and large size businesses
Platforms: Desktop, Cloud
Links: Tradeshift pricing, Tradeshift alternatives
Shlomi LaviShlomi Lavi / updated: Mar 16, 2020

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What is Tradeshift?

Tradeshift is a web based billing and invoicing management solution for businesses of all sizes. It also facilitates customer management, time and expense tracking, and other services. The software was designed and launched by Tradeshift headquartered in California, United States.

Who is it best for?

The software is a viable product for business of all sizes, with more than 50,000 companies using it worldwide. Major industries where it can be used include retail and wholesale, financial services, marketing and advertisement, technology and software development, and others. Some notable clients of the software include NHS Shared Business Services, CBRE, Kuehne+Nagel, and others.

Main features and functionalities

The software offers a central, cloud-based platform for electronic invoicing and eliminates manual processing and data entry. Other than invoicing, it streamlines coding, approving, and paying processes as well. It accelerates the process of invoice approvals by straight-through processing and elimination of bottlenecks. The software also offers customized invoices and invoice scheduling. Tradeshift offers comprehensive supplier management and helps in consolidating global supplier data across business units and branches. For supplier authenticity validation, it can be integrated with various third party data sources. Other important capabilities include customer history, customer profiles, time tracking, customizable reporting, and others.

What is the actual cost?

The cost of license starts at $499 per license. ITQlick pricing score is 3.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Tradeshift.

How it stacks up?

Access a head to head analysis of Tradeshift vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Tradeshift
ITQlick rating
3.7/5
Score
59/100
Pricing
3.4/10
License pricing
$499 per license
Functionality
6
Compare
SimpleVMS
ITQlick rating
4.9/5
Score
82/100
Pricing
4/10
License pricing
Pricing not available
Functionality
15
RiskRate
ITQlick rating
2.8/5
Score
77/100
Pricing
2/10
License pricing
$5,000 per year
Functionality
9
Latitude...
ITQlick rating
4.8/5
Score
75/100
Pricing
6/10
License pricing
Pricing not available
Functionality
19
VendorInsight
ITQlick rating
4.5/5
Score
73/100
Pricing
6/10
License pricing
Pricing not available
Functionality
5

Frequently Asked Questions (FAQs)

Is it the best Vendor Management system?

Tradeshift is ranked 9 out of 12 software in their category (Vendor Management systems).

How they are rated on ITQlick?

The rating of Tradeshift is 3.7 stars out of 5 and the total score is 59 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Tradeshift makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently Tradeshift can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between Tradeshift and alternatives?

The most popular alternatives to Tradeshift in 2024: SimpleVMS, RiskRate, Latitude WMS, VendorInsight, PostRFP. Access the complete competitors analysis here - Tradeshift VS Vendor Management Software alternatives.

List of categories

Dashboards & KPIs
Accounting & Finance
Core Accounting

List of features

Data Import/Export
Basic Reports
Online Customer Support

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.