Transcepta Signs Multi-Year Contracts With Industry-Leading Organizations in the U.S. and Overseas

ALISO VIEJO, CA--(Marketwire - October 16, 2012) -

Transcepta, the world’s fastest growing global procure-to-pay (P2P) network, continues to outdistance the competition further solidifying itself as the choice of industry-leading organizations seeking to automate their Accounts Payable and Procurement processes. Benefitting from Transcepta’s innovative “cloud mapping” technology and unique supplier onboarding approach, customers connect with virtually all their suppliers -- regardless of supplier size or sophistication -- to implement not only e-invoicing, but a host of digital collaborative capabilities as well. With Transcepta speeding deployment and transmitting only those transactions that meet customers’ specific business requirements, customers acquire the improved visibility, efficiency, and electronic B2B collaboration they need to meet their organizational performance goals.

Many features differentiate Transcepta solutions from those of its competitors. Key among them are:

• World’s leading supplier onboarding service that provides a rapidly scalable solution across thousands of suppliers
• Free membership in the Transcepta Network for every supplier to maximize adoption and eliminate friction during the on-boarding process
• Electronic collaboration to ensure that each transaction meets customer business requirements
• VAT compliance services that enable customers to be certain that their electronic invoices are recognized as complete, authentic, and unchanged by courts and authorities around the world

These advantages and more enable Transcepta to beat out the competition and sign multi-year contracts with leading organizations in a broad range of industries. Recent customers that selected Transcepta include four Fortune 500 companies, a multi-billion dollar energy company, and a global financial services company. Of note, three of those customers were using other networks but were disappointed with supplier adoption results and thus decided to migrate to the Transcepta Network.

According to Shan Haq, Transcepta Vice President, “Customers choose Transcepta because it enables electronic collaboration with more suppliers than any other network. Further, more and more customers are leveraging Transcepta’s ability to connect thousands of their suppliers in just a matter of weeks in order to easily migrate from existing networks.”

About Transcepta
Transcepta is the leading global procure-to-pay (P2P) network. Transcepta enrolls suppliers, employing a best practice approach, and connects them to customers around the world. Customers collaborate and transact electronically to reduce costs, communicate more efficiently, and make business relationships more productive. Since 2005, Transcepta has connected tens of thousands of trading partners and processed millions of transactions to become the fastest growing network. For details, visit: www.transcepta.com

Trademarks
Transcepta is a registered trademark of Transcepta LLC. Other names may be trademarks of their respective owners.