3 Significant Trends in Procure-to-Pay

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Trancepta reveals the three most significant market trends and discusses what’s in it for you.

Learn the top three trends in P2P that organizations of all sizes can leverage. And, significantly, how the implementation of a full Procure-to-Pay solution can benefit your company on multiple fronts.

Transcepta has seen the implementation of an integrated P2P solution help stakeholders make better decisions across the company:

  • Procurement professionals want to reduce risk and manage their suppliers more effectively
  • AP teams need to reduce processing costs and errors, and increase efficiency
  • Finance needs better visibility into unvouchered receipts so that they can accrue accurately for corporate liability.

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    Learn the top three trends in P2P that organizations of all sizes can leverage. And, significantly, how the implementation of a full procure-pay-solution can benefit your company on multiple fronts.

MORE INFO

Evaluate Your P2P Choices with these trends in mind.

Procure-to-Pay (P2P) solutions offer many benefits to customers across every industry. They streamline procurement and accounts payable processes through the implementation of automation tools and networks that connect customers with their supply chain.

The most prominent trends include:

1. Shifting to ERP in the Cloud
2. Managing the “Massive Middle” of Suppliers
3. AI and the Automation of AP and Procurement


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Each of these Procure-to-Pay trends can affect corporate operations while increasing profitability positively.

Transcepta has seen the implementation of an integrated P2P solution help stakeholders make better decisions across the company:

  • Procurement professionals want to reduce risk and manage their suppliers more effectively
  • AP teams need to reduce processing costs and errors, and increase efficiency
  • Finance needs better visibility into unvouchered receipts so that they can accrue accurately for corporate liability.

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Here's what our customers say

"7‐Eleven views e‐invoicing as an effective way to make Accounts Payable more efficient and provide our vendors with a timely, predictable payment process. 7‐Eleven selected Transcepta because the Transcepta service connects vendors of any size very quickly in a scalable way. Transcepta is the only solution we’ve seen that has demonstrated that type of supplier onboarding success.”

John Ehrie

Vice President and Controller, 7-Eleven

"We wanted to move to electronic invoicing but were concerned about supplier adoption. Transcepta was able to transition us away from paper by providing a solution that worked for both Tim Hortons and our suppliers. Now we’re more efficient, green, and in a position to grow our business without adding headcount to cover the invoice growth.”

David G. Kraulis

Senior Manager of Financial Operations, Tim Hortons

"Our disparate AP processes were interrupting service to our customers. We could not effectively process AP invoices due to a litany of different problems from our branches, to our outsourced AP provider, to our vendors. As soon as we began the Transcepta implementation, we noticed that our exception rate for the vendors went down significantly. We began to run from a 25% exception rate down to as low as a 4% exception rate."

Angela Boyd

Chief Accounting Officer, FleetPride

OUR GUARANTEE

We understand that manually touching thousands of invoices can be a huge challenge for organizations. Transcepta uses the Cloud, AI, and machine learning along with our vast network of connected suppliers to help organizations achieve straight-through invoice processing.