AI TOOL PROFILE
Transcepta: AP Automation & Touchless Invoice Processing
- Finance and Accounting
- Workflow Automation
- Small businesses
- Mid-market companies
- Enterprise companies
- CFOs and finance leaders
- Accounts Payable teams
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Small businesses, Mid-market companies, Enterprise companies, CFOs and finance leaders, Accounts Payable teams
- Key use cases
- Touchless Invoice Processing, Automated Invoice Matching, Proactive Error Resolution, Payment Strategy Execution
- Integrations
- Oracle, SAP, Microsoft Dynamics, NetSuite, QuickBooks
- Official website
- Visit transcepta official website
How AI is used
Transcepta is an accounts payable automation platform designed to replace manual data entry and legacy OCR processes. It uses AI-based CloudCapture technology to handle invoices in various formats and supports straight-through processing to prepare invoices for payment.
The tool is built for finance leaders, controllers, and AP teams in companies ranging from small businesses to large enterprises. It supports the validation of invoices through 2-way and 3-way matching and predictive GL coding.
Beyond capture, the platform includes a supplier network that allows vendors to correct invoice errors before they reach the AP department. It also supports payment execution via several methods to align with a company's financial strategy.
Buyers should confirm that their specific ERP version is compatible and review how the supplier resolution workflow fits with their current vendor relationships.
Key Features
AI-based CloudCapture
Captures invoice data in any format using AI instead of traditional OCR to reduce manual entry.
Automated Matching
Supports 2-way and 3-way matching of invoices to purchase orders.
Predictive GL Coding
Helps assign general ledger codes to non-PO invoices automatically.
Supplier Invoice Resolution
Allows suppliers to see and correct invoice errors before they are submitted to the AP team.
Flexible Payment Execution
Supports payments via ACH, wire transfers, virtual cards, and checks.
Invoice Tracking
Provides visibility into the status of invoices for both the internal AP team and suppliers in real time.
Use Cases
Touchless Invoice Processing
Using AI to capture and validate invoices so they arrive in the ERP ready for payment.
Automated Invoice Matching
Matching invoices against POs and using predictive coding to reduce manual validation.
Proactive Error Resolution
Enabling suppliers to fix billing mistakes via the supplier network before they enter the AP workflow.
Payment Strategy Execution
Managing payment methods like virtual cards and ACH to support cash flow goals.
Integrations
- Oracle
- SAP
- Microsoft Dynamics
- NetSuite
- QuickBooks
FAQ
Can Transcepta integrate with my existing ERP?
- Yes, Transcepta is designed to integrate with a variety of ERPs, including Oracle, SAP, NetSuite, and legacy systems like IBM iSeries.
How does Transcepta differ from OCR software?
- Transcepta uses AI-based CloudCapture technology rather than traditional Optical Character Recognition (OCR) to capture invoice data.
Does Transcepta handle the actual payment of funds?
- Transcepta executes payment instructions via methods like ACH and wire transfers, but it does not hold or possess customer funds.
Source category: Finance & Accounting
Source subcategory: Workflow Automation
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