Spend Matters 50/50: Transcepta – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Transcepta:

"Transcepta works with channel partners such as Oracle and SciQuest, which leverage its e-invoicing and supplier network capability with their own purchase-to-pay (P2P) solutions. While you may not have heard of Transcepta, if you are considering an e-invoicing or supplier connectivity solutions that touches on all the core bases, we promise: It will be worth your while to check it out.

Transcepta’s “secret sauce” involves the extraction of data from PDFs and supplier systems in a non-invasive manner, with onboarding and initial file mapping for invoices, purchase orders (POs) and more complete in hours, not days. Transcepta can also do pre-validation and matching in the network cloud – before it touches buyer systems".

You can read more about what our US colleagues have to say on Transcepta here. In Europe, the Spend Matters team has not had any real contact with or experience of the firm, I'm afraid. Home to Transcepta is California and there are no other offices as far as we can see, but of course if you are running this sort of business, you probably don't need premises all over the place! We'll see if we can find out more about their European coverage anyway before next year's list.

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