What do you like best?
TradeShift is easy to use, and only takes a few minutes to set up for first time implementation. There is no long-term commitment, and all the relevant data is stored. There's no complicated formatting involved, and the templates are customizable by trade as well as other details such as taxable items, and tax rates. It takes the thinking out of the process, which is very useful for individuals who are experiences in their specific trade, but not so great at their own accounting tasks. I also like that the layout is customizable, so that vendors can see our brand recognition when they submit invoices. This is really great for small businesses that don't have a surplus of budget allocated for marketing.
What do you dislike?
The site could benefit from video tutorials for first time users and success stories from others who have used this in their business. I found the site by doing a search. However, because word of mouth referrals are so important, a video testimonial could take the place of this; a video walk through.
Recommendations to others considering the product
Tradeshift is quick to implement for the beginner, and very helfpful when working with Independent contractors that need to provide us with an invoice.
What business problems are you solving with the product? What benefits have you realized?
I have recommended Tradeshift to many independent contractors who are good at what they do, but don't have strengths in keeping track of their own administration. It solves a problem for both them as the vendor, and our company as the client. We receive invoices that are properly formatted, and our accounting department is happy which equals quick payment to the vendors, and they are happy!