Companies Continue to Select Transcepta to Automate Their Accounts Payable and Procurement Processes
October 17, 2012
Global procure-to-pay (P2P) network provider Transcepta continues to solidify itself as the ideal choice for organizations that are seeking to automate their accounts payable and procurement processes.
There are several features that differentiate Transcepta solutions from competitor’s products including a supply of onboarding services that provide a rapidly scalable solution to thousands of suppliers, as well asfree membership in the Transcepta Network for every supplier to maximize adoption and eliminate friction during the on-boarding process.
Additional features include electronic collaboration to ensure that each transaction meets customer business requirements and VAT compliance services that enable customers to be certain that their electronic invoices are recognized as complete, authentic, and unchanged by courts and authorities around the world
Customers benefit from Transcepta’s “cloud mapping” technology and supplier onboarding approach as they can connect with virtually all their suppliers, regardless of supplier size or sophistication, to implement e-invoicing as well as a host of digital collaborative capabilities.
Further, the company offers quick deployment and transmission of only those transactions that meet customers' specific business requirements.
Currently, four Fortune 500 companies, a multi-billion dollar energy company and a global financial services company have team with the firm. Three of these customers were using other networks but were disappointed with supplier adoption results and thus decided to migrate to the Transcepta Network.
“Customers choose Transcepta because it enables electronic collaboration with more suppliers than any other network,” said Shan Haq, vice president at Transcepta, in a statement. He added that more and more customers are leveraging Transcepta's ability to connect thousands of their suppliers in just a matter of weeks in order to easily migrate from existing networks.
Earlier this year, Transcepta Network achieved Oracle (News - Alert) Validated Integration with the Oracle E-Business Suite 12.1.
Edited by Jamie Epstein