ALISO VIEJO, CA--(Marketwired - August 06, 2014) - In continued efforts to bring buyers and suppliers together with increased collaboration and improved business processes, Transcepta announced today that it will make trade finance solutions available to its customers starting today. The announcement is another milestone in Transcepta's ongoing goal to offer customers and suppliers access to robust supply chain management tools that offer the industry's highest levels of return on investment.
Transcepta is the leading innovator of the cloud based e-invoicing, AP automation, and procure-to-pay (P2P) solutions that make trade and supply chain financing possible. The company promises 100% invoice accuracy, enabling clients to achieve straight-through processing like never before. Further, electronically connecting a company's suppliers allows for data to be exchanged in minutes, all while using the client's existing ERP.
The new financial feature was made possible by a strategic partnership with Integrate Financial (InFin), a leader in trade and supply chain finance. InFin's SCF solutions are now available through the Transcepta Supplier Network, offering participants significantly improved cash flow. Increased participation, especially amongst small to mid-sized suppliers, will greatly improve the payables process for buyers and suppliers by removing conflicting priorities and improving supply chain stability. Transcepta customers can also benefit with lowered costs through optional dynamic discounting models.
"We continually strive to enhance our products and services to best serve the needs of our customers and suppliers alike," commented Ray Parsons, CEO of Transcepta, "Our trade financing solutions offer further options to streamline their transactions."
With an analytics-based approach to financing decisions, InFin and Transcepta will provide the data integration, predictive analytics and service necessary to properly execute on-demand finance offers to suppliers around the globe.
About Integrate Financial
Integrate Financial is a finance and technology (FinTech) company based in San Diego, California. Their founders have been directly responsible for over $6 Billion in funding to small and medium size businesses.
InFin works closely with online networks to tailor an approach that helps the network's clients. With procure-to-pay (P2P) and payables networks, they provide financing for suppliers of large corporate buyers, usually Global 2000 companies. On a daily basis, these networks work with thousands of small and midsized businesses, who in turn sell to large buyers. InFin's team is very experienced in high-throughput, 24/7 always-on, short-term, small-ticket commercial finance operations and technology integration.
About Transcepta
Transcepta was founded in 2005 with the goal of making electronic invoicing for true accounts payable automation a reality, eliminating all paper invoices. Our belief is that the critical success factor for electronic invoicing is supplier participation.
Transcepta is differentiated from other offerings by providing an attractive solution to your suppliers and a managed service to recruit and implement 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 your Accounts Payable department, 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).
Transcepta is located in Aliso Viejo, California. For more information, visit www.transcepta.com.
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Herb Radmanesh