Transform your Accounts Payable Department using Tradex
Avoid the costs attributed to manually processing invoices and allow your Accounts Payable (AP) team time back to work on value-added tasks such as:
- Paying your suppliers on time
- Reconciling accounts
- Aiding your credit control team with cash collection
- Ensuring Accuracy
With Causeway's e-Invoicing platform, Tradex, your AP team will remove the need to manually rekey invoices. On average in the UK, 3.6%* of invoices are inputted incorrectly, causing considerable financial risk.
*Accounts Payable Association
Removing manual processes frees up more time for value-add activities for accounts payable staff
Automated matching and reconciliation
Fully automated 3-way match of PO's, GRN's and invoices
Comply with Prompt Payment Code
Greater visibility means suppliers can be paid on-time with reduced supplier disputes
Reduce Operating Overhead
Realise savings of more than 50%, on average, on the cost associated with processing invoices manually
Foster Stronger Relationships
Faster payments and easier, more reliable real-time status updates mean better and more profitable relationships
We compliment your ERP
With over 20 years experience, we've integrated into every finance system on the market - and we can show you how
How does Tradex benefit you?
Tradex is designed and built for construction finance
We understand the unique demands of our industry. From new legislation such as DRC (Domestic Reverse Charge) to the complexities associated with operated and self-drive plant, bulk, and call-off orders and 3-way matching.
Tradex is a complete e-invoicing solution that delivers documents directly to your ERP if the invoice meets your predetermined requirements. We deliver validation to ensure:
- It is an HMRC compliant invoice
- It's not a duplicate
- It contains a valid PO number
Where an invoice fails to meet your validation rules, suppliers are automatically notified of the reason for the return of the invoice. They are provided with the option to edit and resubmit, removing the need to credit and re-issue.
The impact of automated validation is a 10-15% time saving for Accounts Payable teams.
Join the UK's largest online trading network in construction
When you choose to use Tradex for your e-invoicing, you are joining thousands of other construction companies and the likelihood is, that your supply chain is already sending e-invoices through Tradex. Given our track record of a 95% e-invoicing adoption across the supplier chain, Tradex is best placed to deliver your ROI within weeks/months as opposed to years.
Our successful e-invoicing adoption rate is attributed to our understanding of the supply chain's vast requirements. As a result, to make it as easy as possible to connect with Tradex we provide suppliers with multiple connection options.
Taking the complexity out of e-invoicing
Tradex is more than invoicing - by having a true e-invoicing system we provide your suppliers with a self-service invoice status capability, a self-service statement reconciliation portal and the ability to manage invoice approval workflows.
Altogether, this means that Tradex becomes one of the team working behind the scenes so that only 'ready-to-pay' invoices land in your ERP every time, attributing to a 10-20% time saving on your AP team.
We take care of you and your supply chain
With over 20 years of experience, we understand how to communicate the benefits of e-invoicing to your suppliers.
When joining Causeway, you get the use of our scalable Community Management Team who are a dedicated resource to onboard and support your supply chain throughout your contract period.
This means that your AP team are not fielding queries from your suppliers and are left in the knowledge and comfort that they are being supported.
Who is already using Tradex…
Whether you receive high or low volumes of invoices, Tradex can work for you - Join our customers and your supply chain for prompter payments and instant ROI
What our customers are saying
Case Study: Galliford Try
Galliford Try Accelerates e-Invoicing Across 80% of Their Supply Chain
Galliford Try reaches 80% supplier adoption on Causeway's Tradex, the construction world's largest connected supply chain and e-invoicing network.Read More
Case Study: Bennie Group
The Bennie Group Improves Business Processes with Multiple Causeway Solutions
The Bennie Group has implemented a number of Causeway solutions, including estimating, e-invoicing, biometric labour management, and vehicle fleet management.Read More
Case Study: OCO Ltd
OCO Ltd to Drive Accounting Efficiencies with Vixen and Tradex Integration
Once Causeway's Vixen and Tradex integration is complete, OCO will be able to trade electronically for the submission of POs and the receipt of invoices.Read More