Transcepta Celebrates a Year of Exceptional Achievement
ALISO VIEJO, CA, Jan 08, 2013 (MARKETWIRE via COMTEX) --
Out to revolutionize the procure-to-pay industry since 2005,
Transcepta has expanded like no other business network to exceed
customer and supplier expectations. The past year was no exception in
this regard. As a result, 2012 yielded exceptional results for the
company. Today, Transcepta announced:
-- Membership in the Transcepta network doubled,
-- Transaction volume over the Transcepta Network increased by 200%
-- Transcepta revenue grew by over 30% year-over-year.
In 2012, revolutionary Transcepta procure-to-pay technology and cutting
edge on-boarding programs motivated new customers to choose
Transcepta when initiating or upgrading Accounts Payable and
Procurement automation projects. Some of these customers who had
previously used competing networks decided to take their existing
operations to the next level by moving to Transcepta. Among these
converts to Transcepta were global Fortune 500 retail, technology,
financial services, and manufacturing companies seeking to enable a
variety of business solutions, including e-invoicing, spend
management, VAT compliance, supplier information management, and
electronic PO delivery.
Key to Transcepta's success is its ability to maximize supplier
adoption. Rather than require suppliers to pay fees, use
time-consuming manual portals, and participate in data-mapping
projects that require IT resources, Transcepta makes supplier
membership fast, free, and easy. In 2012:
-- Transcepta was the first business network to move to the free-supplier
model, thereby eliminating the most significant cause of friction
during the on-boarding process and facilitating supplier enrollment.
-- Technological advancements made it possible for suppliers to use their
existing systems and invoice layouts without modification when
transmitting data to their buyers over the Transcepta Network --
unlike competing networks that still require suppliers to key their
information into web portals.
Because of its effectiveness, the Transcepta approach has been
well-received by customers. According to Tammy Ingwersen,
procure-to-pay manager at Harris Corporation, "The Transcepta Network
was the right choice for Harris. Making the service free to all
suppliers and giving suppliers the option to connect from their own
existing systems gave us the opportunity to maximize supplier
Transcepta vice president Shan Haq concludes, "2012 was a significant
year for the industry as customers overwhelmingly rejected business
networks that charged supplier fees. Transcepta led the way in
advancing the 'free supplier' model and continues to be the only
network that connects suppliers electronically in a day as opposed to
weeks. Transcepta looks forward to building on this success in 2013."
Transcepta is the leading global business network.
With cutting edge supplier on-boarding programs, revolutionary
technology, and free membership for all suppliers, Transcepta
connects customers with more of their suppliers, faster than any
other network. Transcepta provides Accounts Payable and Procurement
professionals with industry leading procure-to-pay (P2P) solutions in
the Cloud, including E-Invoicing, Spend Management, VAT Compliance,
Supplier Information Management, and Supplier Enablement. Businesses
collaborate and transact electronically over the Transcepta Network
to reduce costs, communicate more efficiently, and make their
relationships more productive. Since 2005, Transcepta has connected
over 100,000 businesses and processed millions of transactions to
become the fastest growing business network.
is a registered trademark of Transcepta LLC. Other names may be
trademarks of their respective owners.
SOURCE: Transcepta LLC
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