Tradeshift, one of the companies Electronic
Payments International had identified as one to watch at Finovate,
has launched an e-invoicing service.

The Tradeshift CloudScan is free to
suppliers and eliminates manual input of electronic invoices.

Users get a uniquie email address which
they need to share with their suppliers. Every document that the
supplier sends is then converted into into Tradeshift’s open
digital format.

Christian Lanng, CEO and co-founder of
Tradeshift said:

 “The vast majority of invoices are
still sent via paper or PDF. That’s a big stumbling block for
companies that want to embrace the efficiency and cost saving
benefits of e-invoicing. Tradeshift is committed to removing all
the barriers to e-invoicing adoption and, by adding Tradeshift
CloudScan to our platform, we’ve made it easier than ever for
businesses of all sizes to bring everyday financial processes into
the digital age.”

The CloudScan was developed internally by
Tradeshift and will launch in spring 2012.

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