ALISO VIEJO, Calif., November 30, 2017 (GLOBE NEWSWIRE) - Transcepta, the leading platform for cloud-based supply chain connectivity, dynamic discounting, and other procure-to-pay solutions announced two large customer wins today. One is a large, multinational biotechnology organization, the other continues Transcepta’s success in the public sector. The win builds on Transcepta’s previous success with multiple other large, higher education institutions.
Both organizations selected Transcepta to automate processes that will deliver substantial savings. The public agency will utilize the Transcepta Network to connect suppliers and receive invoices electronically. Transcepta e-invoicing initiatives also position customers to capitalize on Transcepta Dynamic Discounting in the future. The BioTech customer has a different focus, improving the inefficiencies in its supply chain. To that end, Transcepta will enable electronic processing of the full set of supply chain documents. Transcepta was selected because the Transcepta Network is a much more cost effective, scalable platform than EDI and other network solutions.
“I am proud of the value we are able to create with all our customers in the public and private sectors. The ability to deliver 100% Straight-Through AP Invoice Processing continues to prove very compelling,” said Ray Parsons, CEO of Transcepta. “Our company’s momentum within the public sector reflects that Transcepta is the industry’s best solution to increase efficiency, reduce costs, and improve sustainability by driving measurable and quantifiable outcomes. Customers are looking for a provider that can serve them for the long term and this marks another example of the breadth and depth of our platform.”
About Transcepta
Transcepta is a platform that 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. Since 2005, the world’s most respected companies have chosen Transcepta. Transcepta is headquartered in Aliso Viejo, CA. For more information, visit Transcepta.com