SOURCE: Transcepta LLC

Transcepta LLC

June 01, 2015 07:00 ET

Transcepta Selected to Provide E-Invoicing and Supplier Network Connectivity for Top California University

ALISO VIEJO, CA--(Marketwired - June 01, 2015) - Transcepta, a leading innovator of cloud-based e-invoicing, accounts payable (AP) automation and procure-to-pay solutions, announced that a top California University selected Transcepta to enable suppliers to send invoices and related documents electronically.

The public institution is one of the most selective and highly ranked universities in the world. The university has been known for producing many successful alumni, including Nobel laureates, world leaders, notable inventors, and top businesspeople.

Because supplier adoption is a critical component of successful digital invoicing projects, Transcepta has developed the industry-leading technology and approach to supplier onboarding. To maximize adoption, Transcepta manages the entire onboarding process for its customers. As part of this service, Transcepta notifies each supplier of the e-invoicing initiative and works with them to determine the submission method and format that would best serve their business requirements.

For each digital invoice submission option, setup is completed quickly and suppliers are able to send e-invoices directly from their existing billing system for guaranteed, secure delivery. Further, suppliers do not pay any setup or implementation fees and Transcepta does not require participation from supplier IT resources. Suppliers can submit CSV, TXT, XML, or PDF invoices via email, web portal, EDI, or Transcepta's virtual printer option. Transcepta then maps the documents and runs validation rules to deliver only validated e-invoices straight to the customer's ERP or accounting system.

"We are delighted to have yet another educational institution as a client," said Shan Haq, Transcepta Vice President. "I know we will all be striving towards creating a cleaner environment by eliminating paper from the payables process."

About Transcepta
Transcepta was founded in 2005 with the goal of making electronic invoicing (e-invoicing) for true accounts payable automation a reality, eliminating all paper invoices. Our belief is that the critical success factor for e-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 e-invoicing solution that removes the long standing barriers, cost, time, and complexity, to supplier enablement. Transcepta also offers solutions that enhance supplier relationships and benefit procurement and finance departments through supply chain finance and dynamic discounting.

While offering robust functionality and flexible integration to your Accounts Payable department, Transcepta enables suppliers to submit invoices with their existing accounting or ERP system and process. Suppliers do not pay setup or any other upfront fees and implementation takes only minutes of a supplier's time. IT support is not required for supplier onboarding or implementation and invoice submission is automated (i.e. not manually typing invoices into a web portal).

Transcepta is located in Aliso Viejo, California. For more information, visit www.transcepta.com/e-invoicing/.

© 2015 Transcepta LLC. All rights reserved.

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