The finance, AP and procurement departments across many Higher Education institutions are evaluating P2P costs and processes to save money and work more efficiently. The solution for most innovative leaders is to achieve Straight-Through AP Invoice Processing and promote Dynamic Discounting initiatives.
This informative webcast from Transcepta discusses how Higher Education institutions are leveraging SaaS solutions to improve operations and reduce costs, but are easy enough to install and use that the effort does not divert resources from the core mission.
To eliminate invoice exceptions, and achieve 100% Straight Through AP Invoice Processing, you must choose a supplier network that provides true e-invoicing and validates invoices using multiple techniques. The Transcepta Network includes four invoice validation products (Transcepta Invoice Inspect, Transcepta Invoice Analyze, Transcepta PO Flip, and Transcepta PO CloudMatchTM), each optimized for the unique supplier profiles across your supply chain.
Transcepta Dynamic Discounting allows total control for all stakeholders. Customers select which suppliers may receive early payment offers and the size and terms of the offers. Suppliers can opt in to receive every discount offered or choose to accept offers on an individual basis. Suppliers receive the cash they need quickly, while customers increase profit and enjoy the many benefits of a cash solvent supply chain.