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Transcepta: A Procurement Technology “Best Kept Secret” — Year-End Tech Review

e-invoicing

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.

Transcepta: Vendor Analysis (Part 2) — Weaknesses, Competition and Recommendations

Compared with other purchase-to-pay (P2P), e-invoicing and supplier network providers, Transcepta is a bit of an anomaly. Not only has it not raised significant capital to support sales and marketing expansion, it has remained focused (until recently) on supplier enablement, e-invoicing and document exchange/collaboration enablement rather than footprint expansion (e.g., e-procurement, trade financing, etc.). The largest tragedy of Transcepta (in our view) is that it doesn’t have the sales and marketing resources to get into more opportunities. In the first installment of this Spend Matters PRO series exploring Transcepta, we covered the provider’s corporate background, solution footprint and overall strengths. Part 2 provides insight into solution weaknesses, competition and customer and prospect recommendations.

Transcepta: Vendor Analysis (Part 1) — Background, Solution and Strengths

e-invoicing

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. Transcepta compares favorably on a functional basis with other e-invoicing providers, including and supplier network providers such as Ariba/SAP, Basware, Coupa, Taulia, Tungsten and Tradeshift. It also serves as an e-invoicing partner to Oracle and SciQuest. This Spend Matters PRO research brief provides an introduction to supplier network enablement and e-invoicing approaches, Trancepta’s capabilities in these areas and the provider’s overall strengths, including a new PO/document matching approach that leverages technology often used in the spend analysis world to achieve significantly higher matching rates than what we typically observe. The second installment of this research brief covers Transcepta’s weaknesses, competition and our recommendations for customer fit.