transcendAP

Why transcendAP?

Many vendors offer solutions for automating Accounts Payable, but only transcendAP delivers benefits that go beyond the back-office.

A single platform for any invoice, received in any format, from any delivery channel
Best-in-class document classification and data extraction technology
Intelligence-assisted vendor validation
Duplicate item detection
Automated 2-way and 3-way matching
Digital workflows with notifications, escalations and mobile approval
Real-time bi-directional integration with your existing systems
Online supplier portal for invoice submission, invoice status and vendor profile updates
Configurable analytical insights on operations, cash, spend and risks

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Benefits Beyond the Back Office

  Real-time visibility into financial information
  Better control over Accounts Payable spend
  Analytical tools for strategic decisions
  More early pay discount opportunities
  Transform AP into a profit center
Visibility into Accounts Payable data for cash flow analysis and management
  More efficient transaction processes
  Streamlined compliance and reporting
  Faster financial close
  Less “maverick” and out-of-budget purchases
  Enhanced supplier experience through an online portal
  Fewer late payments to key suppliers
  Strong visibility into accounts payable spend
  Better contract compliance
Visibility into Accounts Payable data for cash flow analysis and management
  More efficient transaction processes
  Streamlined compliance and reporting
  Faster financial close
  Less burden supporting accounts payable
  Enhanced supplier experience through an online portal
  Extend the value of ERP investments
  Streamlined security and compliance

Benefits beyond the back-office

Businesses receive more data from more sources than ever, but incomplete and inaccurate data, fragmented systems, and posting delays make it is difficult to manage. transcendAP connects businesses with their systems, processes, and suppliers for greater control over operations, cash, spend and risks.

Empower your staff

transcendAP frees your employees from manual, repetitive tasks, allowing them to focus on higher-value duties like data analysis, supplier management, and vendor master data cleanup. transcendAP electronically captures and validates header, amount and line-item data from invoices. It matches invoices with purchase orders and receipts and digitally routes invoices that require approval or exceptions handling. And transcend instantly puts archived data and documents at your fingertips.

Optimize your cash

The automated warnings and escalations provided by transcendAP help you avoid late payment penalties and maximize early pay savings. Access any invoices that are approaching their early pay discount date in real time. Look for ways to extend DPO by looking at supplier payment periods. Provide accruals reports, discount offers, and other insights to CFOs and key decision-makers.

Gain control over AP spending

transcendAP’s real-time integration with your existing systems helps you stay ahead of spending. Automated supplier validation, two-way and three-way matching and fiscal checking reduces out-of-budget spending. Line-item capture identifies billing variances. Balancing and validation of general ledger postings against your ERP’s chart of accounts ensures that purchases are allocated correctly. And analytics serve up insights such as spend by business unit and spend and exceptions by supplier.

Strengthen supplier relationships

transcendAP helps you become a customer that suppliers want to do business with. Our intuitive online portal empowers suppliers to effortlessly submit invoices, view the status of submitted invoices, instantly access the history of previously submitted invoices, and update their vendor profile. Suppliers also can add or revise invoice data online without having to resubmit an invoice.

Mitigate potential risks

transcendAP mitigates the risks that chip away at profitability. Detailed audit trails, job history reports and annotated comments provide you with the full picture of a transaction’s lifecycle. Duplicate item detection eliminates costly payment errors. Vendor matching helps identify suspicious transactions, and an accountant status screen provides a final review before payment.