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Transcepta Procure-to-Pay Network Selected to Simplify Accounts Payable for Manheim

(February 07, 2012)

ALISO VIEJO, CA -- (Marketwire) -- 02/07/12 -- Transcepta, the leading global procure-to-pay (P2P) network, today announced that Manheim selected Transcepta to simplify Manheim's accounts payable process and eliminate the costs associated with paper transactions.

Manheim, the world's leading provider of vehicle remarketing services and a division of Cox Enterprises, wanted to improve its process by connecting electronically with its suppliers.

Manheim researched a solution that would maximize supplier adoption and enable secure, cloud-based business transaction and collaboration, eliminating the need for paper invoices and related documents.

"I'm proud to work for an organization that places such importance on respecting the environment," said Nancy Patin, Manheim's senior director of Enterprise Resource Planning. "Choosing to communicate electronically with suppliers to eliminate much of the paper processing for Manheim and its suppliers was an absolute no brainer, and working with Transcepta gave us the flexibility we needed to reach virtually all of our suppliers. We estimate we'll eliminate the need for 5 million pieces of paper a year."


Because supplier adoption is critical to successful P2P projects, Transcepta employs its own industry-leading technology and unique approach to supplier on-boarding. To maximize adoption, Transcepta manages the entire on-boarding process for its customers, notifying suppliers of the initiative and working with them to determine their optimal electronic connection option.

For each connection option, set-up is completed in minutes, enabling suppliers to transact directly from their existing systems for guaranteed, secure delivery. With Transcepta, suppliers do not pay any fees or require IT resources.

"We're delighted to have Manheim as a customer. Their confidence in us further proves that the Transcepta Network model of not charging suppliers and making it easy for them to connect is the preferred model for P2P project success," said Shan Haq, Transcepta vice president.

About Transcepta
Transcepta is the leading procure-to-pay (P2P) network. Transcepta enrolls suppliers, employing a best practice approach, and connects them to customers around the world. Customers collaborate and transact electronically to reduce costs, communicate more efficiently, and make business relationships more productive. Since 2005, Transcepta has connected tens of thousands of trading partners and processed millions of transactions to become the fastest growing network. For details visit www.transcepta.com.

Trademarks
Transcepta is a trademark of Transcepta LLC. Other names may be trademarks of their respective owners.

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Related Keywords: Transcepta, eInvoicing, Electronic Invoicing, Procure-to-Pay, P2P, Manheim, Automate AP, Automate PO, Marketwire, , Business, Other,

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