Tradeshift
Tradeshift is a company that offers a platform on the internet for automating and financing working capital. The AI tool they have is called the Tradeshift AI Engine. It uses machine learning and artificial intelligence to assist businesses in automating their procure-to-pay (P2P) processes, handling their relationships with suppliers, and receiving payments more quickly.
The Tradeshift AI Engine can help with:
- Automate P2P processes: The engine can do things automatically, like handling invoices, approving workflows, and sending payment reminders.
- Manage supplier relationships: The engine can assist businesses in handling their relationships with suppliers. It does this by giving information about how well suppliers are doing and pointing out any possible issues.
- Get paid faster: The engine helps businesses receive payment faster by showing them their accounts receivable in real-time and by automating the payment process.
- Machine learning: The engine uses a type of technology called machine learning to teach computer programs how to do certain tasks on their own. It can help with things like automating processes between people, managing relationships with suppliers, and getting paid more quickly.
- Artificial intelligence: The engine uses smart technology to understand the meaning of information and draw conclusions.
- Data analytics: The engine uses data analysis to find patterns and trends in data.
- Reporting: The engine gives reports that help track how well it’s doing and find areas to make it better.
- Improved efficiency: The engine can assist businesses in becoming more efficient by automating P2P processes and handling supplier relationships.
- Reduced costs: The engine can assist businesses in saving money by automating P2P processes and handling supplier relationships.
- Improved cash flow: The engine can assist businesses in enhancing their cash flow by receiving payments more quickly.
- Increased visibility: The engine can assist businesses in seeing their money owed and their relationships with suppliers better.
- Improved decision-making: The engine can assist businesses in making improved choices by giving information about data and patterns.