SOURCE: Transcepta

Transcepta

January 19, 2010 10:00 ET

Transcepta Leads the Way for Electronic Invoicing Market

Named "Company to Watch" in 2010

ALISO VIEJO, CA--(Marketwire - January 19, 2010) - Transcepta LLC, the leading innovator of hosted electronic invoicing solutions, today announced that 2009 was marked by industry recognition and strong growth, and that the company is positioned for a strong 2010.

Transcepta offers a game changing approach to electronic invoicing and has proven that the real key to successful electronic invoicing is maximizing supplier adoption: getting as many existing and new suppliers connected as quickly as possible. Transcepta connects suppliers in minutes and enables the supplier to use its existing billing system without requiring costly and error-prone double entry through a web portal. Transcepta's technology removes both time and cost barriers to rapid adoption.

Transcepta's ability to maximize supplier adoption has not gone unnoticed. Industry analyst firm Forrester Research noted that, "Transcepta is revolutionizing how suppliers deliver e-invoices." Additionally, Financial i, a leading London-based publication focused on news and in-depth analysis on the business solutions and operational evolution of wholesale financial services, named Transcepta as the '2010 Company to Watch' in the electronic invoicing market. Transcepta was chosen for this accolade from a short list by an advisory panel comprised of analysts, consultants and market practitioners.

"Transcepta is extremely pleased by the recognition the company is receiving," noted Ray Parsons, Transcepta's chief executive officer. "It is our goal to help as many companies as possible realize the cost saving and efficiency benefits that e-invoicing provides." Transcepta experienced very strong overall growth in 2009, adding customers in a number of different industries, including healthcare, distribution and defense contracting.

"In a tough economy, companies are looking to shrink costs anywhere they can," said Shan Haq, vice president of marketing and sales for Transcepta. "Accounts payable managers see e-invoicing as a way to eliminate the hassles of paper while cutting costs in the process. Rapid invoice delivery and processing allow purchasing executives to craft better relationships with their vendors. When paper is eliminated, the payment process is streamlined -- allowing for an increase in early pay discount opportunities."

"While 2009 was a year of phenomenal growth and recognition for Transcepta, 2010 promises to be even more impressive," commented Haq. "Exciting new partnerships and functionalities will position Transcepta even further ahead of the pack. That is great news for our customers."

About Transcepta

Transcepta was founded in 2005 with the goal of eliminating paper invoices and making electronic invoicing a reality for Accounts Payable departments. It is our belief that the critical success factor for electronic invoicing is supplier participation. Transcepta is differentiated from other offerings by providing an attractive solution to your suppliers and a managed service to recruit and implement those suppliers. Transcepta is the only electronic invoicing solution that removes the long standing barriers (cost, time and complexity) to supplier adoption.

While offering robust functionality and flexible integration to your Accounts Payable department, Transcepta enables your suppliers to submit invoices with their existing billing system and process. Suppliers do not pay setup or any other upfront fees and implementation takes only five minutes of a supplier's time. IT support is not required for supplier implementation and invoice submission is automated (i.e. not manually typing invoices into a web portal). Thousands of companies have joined the Transcepta Community to lower costs, improve efficiency and strengthen trading relationships.

Contact Information

  • Media Contact:
    Bob Menzies
    Lages & Associates
    (949) 453-8080
    Email Contact