ALISO VIEJO, CA--(Marketwire - March 1, 2011) - Transcepta™ announced in April 2010 that Oracle teamed with Transcepta to provide Oracle customers with pre-configured access to Transcepta's unique e-invoicing and supplier enablement services. Oracle® E-Business Suite and Oracle's PeopleSoft Enterprise customers became eligible, through the Oracle Supplier Network, to leverage Transcepta to deliver a comprehensive, global Purchase to Pay (P2P) solution.
Traditionally, enabling suppliers for electronic invoicing requires effort on the part of buying organizations procurement, finance and IT departments. Now, Oracle customers can use Transcepta's turnkey on-boarding service to out-source this entire effort and connect thousands of suppliers quickly and easily.
Oracle chose Transcepta for its strength in maximizing supplier adoption. The Transcepta solution enables suppliers of all sizes and transactional volumes to connect electronically. Suppliers are not required to make any changes to their existing document format and are never forced to manually enter data into a web portal. Transcepta connects each supplier within one business day. In addition, the Transcepta service can set up each supplier with access to the buying organization's iSupplier Portal or eSettlements application, relieving the buying organization from this workload.
Oracle customers that wish to eliminate paper in accounts payable, improve cash management in treasury and more effectively manage suppliers can benefit greatly from the Transcepta and Oracle solution. "We've had a number of customers sign up and deploy with great results. A joint Transcepta and Oracle customer recently converted to 100 percent electronic adoption and it took just four months to achieve that goal. That's pretty remarkable and a testament to the solution's strength given the customer processes roughly one million annual invoices," said Ray Parsons, Transcepta chief executive officer.
Transcepta is a Gold level member of Oracle PartnerNetwork.
General Availability
The unique Transcepta e-invoicing and supplier enablement service for Oracle customers is now available. For more information contact info@transcepta.com or an Oracle Account Manager.
About Transcepta
Transcepta was founded in 2005 with the goal of eliminating paper invoices and making electronic invoicing a reality for Accounts Payable departments across the globe. The company believes that the critical success factor for electronic invoicing is supplier participation. Transcepta is differentiated from other offerings by providing an attractive solution to suppliers and a managed service to recruit and connect those suppliers. Transcepta is the only electronic invoicing solution that removes the long standing barriers (cost, time and complexity) to supplier adoption.
While offering robust functionality and flexible integration to Accounts Payable departments, Transcepta enables suppliers to submit invoices with their existing billing system and process. Suppliers do not pay setup or any other upfront fees and implementation takes only five minutes of a supplier's time. IT support is not required for supplier implementation and invoice submission is automated (i.e. not manually typing invoices into a web portal). Thousands of companies have joined the Transcepta Community to lower costs, improve efficiency and strengthen trading relationships.
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Contact Information:
Media Contact:
Kevin Mayberry
Lages & Associates
(949) 453-8080