The easiest way to remove paper invoices. With most e-invoice, e-trading and EDI service providers, technical, process and financial barriers impact the success of supplier adoption. As a result, paper remains and the expected benefits fail to materialize.
CloudTrade is different. CloudTrade removes the barriers to electronic invoicing for suppliers. More paper is removed, in a shorter time frame than any other e-invoicing approach.
No Technical Change
- We don’t ask your suppliers to change their systems to send EDI or XML.
No Process Change
- We don’t ask your suppliers to log onto a portal to submit their invoice or order.
No Supplier Charges
- We don’t charge an organization to send their invoices or orders to you.
High supplier adoption
- Typically >90%
Fast e-invoicing adoption
- Suppliers live by their next invoice
Simple, Effective, High Adoption Electronic Invoicing
With CloudTrade, every supplier can be an e-invoice supplier. Our unique, non-intrusive approach, guarantees the highest supplier adoption rates and ensures the greatest number of e-invoices are received into your Accounts Payable function.
With most e-invoice, e-trading and EDI service providers, technical, process and commercial barriers often impact the success of supplier adoption. As a result, paper remains and the expected benefits fail to materialize. CloudTrade is different. Every supplier can be an e-invoice supplier with CloudTrade.
From experience, more than 90% of suppliers when asked will email PDF invoices to their customers. For the remaining suppliers, we also accommodate document formats such as XML, EDI, HTML and provide a Cloud based OCR service for those who are unable to move away from paper.
eInvoicing Made Easy – How it Works
We simply take advantage of tools and processes your suppliers already use to ensure the maximum number of e-invoices are received into your business. Your supplier simply emails a PDF invoice – you receive electronic e-invoice data. Easy e-invoicing!
Send – The buyer organization simply asks their suppliers to email PDF invoices. This functionality is out of the box with almost all billing systems and is the preferred way to invoice for the majority of organizations.
Process. CloudTrade’s patent pending technology, takes advantage of the data layer embedded within the PDF invoice, so that upon receipt of the invoice, the invoice data is automatically mapped, validated and converted into an e-invoice structure.
Receive. The validated e-invoice structure is received straight into the buyers invoice processing application – only two to three minutes after the supplier originally sent it!