Proc7 vs Tradeshift

Proc7 manages the procure-to-pay process, from purchase requisition through invoice payment. It combines purchase orders, supplier management, catalogs, invoice handling, and approval workflows. Supplier tools cover onboarding, risk assessments, performance scorecards, questionnaires, and sustainability metrics. Through a supplier portal, suppliers can view orders, submit invoices, send advance shipping notices, acknowledge orders, and update estimated arrival times. Catalog support includes internal catalogs, supplier price sheets, tiered pricing, and cXML punchout. Proc7 matches invoices against purchase orders and goods receipts, with automatic UK VAT, EU VAT, and US Sales Tax calculation. Approval workflows allow custom thresholds, escalations, and versioned definitions. The service runs on the web and through an API. Starter costs $99 a month, Growth $399 a month, and Scale $1,199 a month. Each plan includes a 14-day free trial, and Proc7 says no credit card is required to start.

Tradeshift's cloud platform automates accounts payable, e-invoicing, compliance, and clearance for buyers and suppliers. Its AP tools capture and digitize invoices, extract and validate data, match purchase orders, route approvals, and provide dashboards. The modular Procure to Pay platform automates purchasing workflows and connects with suppliers and customers. Configurable AI can handle invoice coding, workflow management, and purchase order matching. The AP solution offers a REST API and standard connectors for SAP ECC 6.0, SAP S4/HANA, Oracle eBusiness Suite, and Oracle Fusion. Tradeshift lists ISO 27001, SOC 1 Type II, SOC 2 Type II, and ISAE 3402 among its security accreditations. Its described practices include least-privilege access, secure code review and scanning, vulnerability testing, incident response, and daily backups. AP customers can access Tradeshift University and 365-day support after setup. Tradeshift says it serves large and mid-sized companies and covers e-invoicing compliance in 70 countries. Sellers receive customer support without additional charges for heavy support use. The first 30 invoices per quarter are free; higher seller tiers charge per transaction, with custom pricing above 15,000 quarterly transactions.