transcendVP

Over 25% of Accounts Payable time is spent responding to vendor inquiries. Vendor portals provide a powerful and efficient environment to streamline the invoice submission and payment lifecycle. Enabling third-party vendors to submit invoices, view or initiate payments, and check status can significantly reduce costs and improve efficiencies.

transcendVPis a web-based vendor management solution that provides a secure online environment to collaborate with vendors. The portal is ideal for providing better service, more efficiently and for less operating cost. Most importantly, vendors have access to the portal 24×7 via secure login.

With transcendVP, you can…

Facilitate Vendor Self-Service
Allows vendors to submit invoices, view status, history and payment details from a central, web-based portal.
Show Real-Time Payment and Invoice History
Enables vendors to view invoice payment information, eliminating the need to call the AP department.
Reduce Invoice Mismatches
For PO-based invoices, reduces line-item mismatches by directly communicating with vendors.
Reduce AP Staff Demands
Deliver real-time information on most invoice payments and disputes, enabling AP to reduce time-consuming business correspondence and focus on more important projects.
Add Relevant Notes and Documentation to Invoices
Provides vendors with the capability to directly add any relevant documents to an existing invoice that may help expedite the payment process.

Product Features:

  • Submit invoices directly into the portal
  • Visualize the status and progress for each vendor invoice, including where it is and who is approving it
  • Attach any relevant documents to submitted invoices to expedite payment
  • Search status of invoice(s) by entering various parameters
  • View status of the payment information for each invoice
  • Enable vendors to manage their profile directly from the portal

 

Business Benefits:

  • Deliver a comprehensive vendor AP experience
  • Reduce AP staff demands
  • Enable AP staff to focus on more high-value business projects and tasks
  • Provide better communication channels for vendors by allowing them to provide supporting documents
  • Extend the functionality of existing ERP systems
  • Leverage one platform to automate any business-critical process