ALISO VIEJO, Calif., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Transcepta today announced year end results for 2017. Highlights of the past year’s achievements include continued market traction by adding large, enterprise customers across different verticals and the addition of Artificial Intelligence (AI) to the Transcepta Network. This year marks the eighth consecutive year of profitable growth for Transcepta, continuing a long track record of momentum for the company.
In addition to continued customer growth in the Higher Education and Public Sector industries, Transcepta also added several large customers in the BioTech, BioPharma, and manufacturing verticals. These organizations all look to Transcepta to connect their suppliers to the Transcepta Network and enable electronic collaboration. Transcepta procure-to-pay and e-invoicing initiatives also position each customer to capitalize on Transcepta Dynamic Discounting.
"We’re thrilled that the Transcepta solution has been embraced by so many different industries," says Ray Parsons, CEO of Transcepta. "Transcepta provides an innovative platform which creates a win-win for both customers and their suppliers."
With aggressive growth projections fueled by new clients, as well as further expansion of the Transcepta platform, 2018 promises to be an even greater year for Transcepta. AI-based improvements in supplier enablement and enhancements to the Transcepta Network applications with machine learning, will all help clients achieve their goals in Accounts Payable and Procurement.
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