Transcepta Press Release

TRANSCEPTA EASES E-INVOICING'S MAIN PAIN POINT: SUPPLIER ADOPTION

2008 Marked by Solid Growth; Customers, Partners and Analysts Validate Innovative Approach to On-Boarding Suppliers

ALISO VIEJO, Calif., January 6, 2009 - Transcepta LLC, the leading innovator of hosted electronic invoicing solutions, today announced a banner year in 2008 that was marked by solid growth in its Electronic Invoicing Community and major corporate milestones achieved. Transcepta points to its innovative approach to on-boarding suppliers as a primary reason for the successful adoption of its electronic invoicing technology in 2008.

According to Forrester Research, one of the biggest challenges in the Electronic Invoice Presentment and Payment (EIPP) market has been getting electronic invoice data from vendors that still primarily send out paper invoices. In October, Transcepta was identified as one of six vendors to watch in the EIPP market. The report titled, "Holistic View: The ePurchasing Software Market" stated that "Transcepta revolutionizes how suppliers can deliver e-Invoices." Forrester interviewed more than 100 companies to develop the report.

Traditionally, the value proposition for buyers to adopt e-Invoicing solutions has been strong, not so for vendors (suppliers). Until now, suppliers simply could not invest the time, IT resources and expense to identify, purchase and implement an e-Invoicing solution in order to meet the demands of their buyers. Transcepta has changed the way suppliers view e-Invoicing, and in 2008 the company has maximized supplier adoption to make e-Invoicing a reality for businesses of all sizes.

"Supplier adoption is the critical success factor of electronic invoicing," said Shan Haq, Transcepta vice president of marketing and product management. "From day one, our approach has been to enable vendors to take part in e-Invoicing, independent of their size or technology infrastructure."

In July, Monster Worldwide selected Transcepta and Basware to provide an end-to-end A/P automation solution. Transcepta will reduce Monster's operational costs by eliminating manual data entry and processing of A/P invoices with its e-Invoicing solution. Transcepta was selected due to its vendor on-boarding technology and integration with Basware's A/P automation solution.

To maximize vendor adoption, Transcepta manages the entire on-boarding process for its customers. As part of this service, Transcepta notifies each vendor of the e-Invoicing initiative and works with them to determine their optimal invoice submission option. Transcepta offers vendors a variety of invoice submission options, including the patent pending Transcepta Virtual Printer. For each of these invoice submission options, set up is completed in minutes and vendors are able to send invoices directly from their existing billing system for guaranteed, secure delivery. Further, vendors do not pay any setup or implementation fees and Transcepta does not require participation of IT resources.

"We help companies bridge the gap that exists with their vendors," added Haq. "Transcepta supports all ERP and accounting systems and we can extend any Electronic Data Interchange (EDI) infrastructure. Transcepta has the industry's best technology and vendor on-boarding process. With Transcepta, businesses have peace of mind that their vendors can easily participate in e-Invoicing even if they have rejected web submission portals, EDI or e-Invoicing networks with 'EDI like' technology in the past."

In April, Transcepta announced that it has filed several patent applications with the United States Patent and Trademark Office related to its Virtual Printer technology. Transcepta deploys light vendor interfaces capable of delivering electronic invoices from an existing billing system without the usual time consuming and expensive integration. According to Transcepta, vendors and buyers who become part of Transcepta's Electronic Invoicing Community, advantageously streamline invoicing and payment processes to improve back-office efficiency and strengthen customer relationships.

Transcepta's vendor customers span multiple vertical industries including manufacturing, distribution and retail and are a collection of companies of every size - from large enterprises to small-to-medium sized businesses. For A/P customers, Transcepta's technology is best suited for enterprises that receive 10,000 or more invoices per month. Working closely with its customers, Transcepta has been able to quantify the return on their e-Invoicing solution. In most cases, A/P departments cut costs by over 50 percent within a six month period - a rapid time-to-value.

Although 2009 presents a challenging economic landscape, Transcepta is optimistic that customer adoption will continue as their technology enables companies to do more with less. With phenomenal growth in 2007 and 2008 under its belt, Transcepta is looking to expand its Electronic Invoicing Community and build more relationships with partners that have complimentary technology. Moving forward, Transcepta plans to branch into payment functionality - a natural evolution for an e-Invoicing solution.

"We're seeing a renaissance in e-Invoicing. It's a significant pain point and finally companies see a viable solution," said Haq.

About Transcepta Transcepta was founded in June 2005 with the mission of creating easy-to-implement, on-demand, electronic invoicing and Electronic Invoice Presentment and Payment (EIPP) solutions for businesses of all sizes. Transcepta offers its services through an online Community, which is a collection of vendors and buyers that leverage Transcepta's unique electronic invoicing technology to streamline the invoicing and payment process. Thousands of companies have joined the Transcepta Electronic Invoicing Community, which offers cost reduction, efficiency and stronger trading relationships. Transcepta's online trading community offers quick and easy deployment and does not require in-house IT resources or an up-front capital investment and Transcepta's technology supports all major accounting ERP systems. Transcepta is located in Aliso Viejo, Calif. For more information, visit www.transcepta.com.