Transcepta
135 columbia | Aliso Viejo, CA | 92656 United States
Provides solutions and/or services in the following categories:
Transcepta connects Procurement and Accounts Payable professionals with their suppliers, enabling everyone to achieve greater profitability. Every day, thousands of companies access the Transcepta Network to improve e-invoicing and procure-to-pay processes, drive financial value across the supply chain, and communicate dynamically.
Transcepta: A Procurement Technology “Best Kept Secret” — Year-End Tech Review
This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. Today we’re highlighting a company in the e-invoicing space. Transcepta, a closely held business, was founded over a decade ago. Throughout this time, the provider has focused on building and expanding its global supplier network capabilities to support vendor onboarding and e-invoicing efforts, including most recently in the invoice discounting and trade financing areas.Quick Facts
- Founded in 2005
- Headquartered in Aliso Viejo, CA
- Data centers in Aliso Viejo, CA and Phoenix, AZ
- Provides services in e-invoicing, P2P, and supplier networks and platforms
Background & Overview
If you are a large, mature procurement organization that has identified a need to support and enable e-invoicing with suppliers, it’s likely that your team or your accounts payable (A/P) organization is familiar with Transcepta or its peers already. When you work for an organization in procurement or A/P that has a very large supplier base with thousands of suppliers that use a dozen or more different formats to submit invoices and other documents, typically only 60% to 80% of invoices flow through the P2P or related suite automatically. The rest have to be manually entered or converted through optical character recognition (OCR), which just adds more invoices to the exception queue for manual review. This is where network-based e-invoice automation solutions come in — and where the best ones can easily plug into your current infrastructure (including your ERP and A/P systems). Transcepta is no exception to this rule. The provider is essentially a best-of-breed supplier network for e-invoice and related document/transactional management with a particular focus, and strength, on rapid supplier onboarding. Competitors include:- Ariba Supplier Network
- Tungsten
- Perfect/Hubwoo
- Capgemini/IBX
- Basware
- Coupa
- SciQuest
- Determine
- Tradeshift
- Nipendo
- Taulia
- GXS/OpenText