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TRANSCEPTA STREAMLINES INVOICING AND ELECTRONIC PAYMENTS FOR DISTRIBUTORS WITH NEW HOSTED SERVICE
Affordable, Easy to Deploy Solution Speeds Cash Flow and Improves Efficiency
Aliso Viejo, Calif, March 14, 2007 -- Transcepta LLC, the leading innovator of hosted Electronic Invoice Presentment and Payment (EIPP) solutions, announced today the launch of their new electronic invoicing and payment service for distributors. Called Transcepta Distributor Edition, the new offering addresses the needs of distributors who typically send more invoices per dollar of revenue than any other industry.
Transcepta Distributor Edition is a hosted solution for the complete management of sending invoices and processing electronic payments. Accessed over the web, the new service enables distribution companies to send invoices via electronic mail, post or fax, as well as receive payments by ACH or credit card. Transcepta matches the remittance advice of all incoming payments with the correct invoices. Outbound invoices and incoming payments can be imported directly into an accounting system as well. Transcepta is able to leverage virtually any invoice format and works in conjunction with any accounting system without requiring system integration.
Due to the manual nature of internally printing, stuffing and mailing paper invoices, distributors can experience inefficient cash flow, complexity, cost and hassle. With thin margins and little time for IT (information technology) projects, Transcepta offers an attractive alternative that can be implemented over the web in less
than a day. Conventional approaches call for the purchase and onsite integration of complicated software packages that are integrated into the distributor's accounting system which can require substantial capital investment and IT resources.
In addition to reducing costs, improving cash flow and increasing invoice delivery quality, Transcepta Distributor Edition improves customer relationships as it provides insight into customer trends . Further, Transcepta's service allows credit managers to quickly confirm that electronic payments have been made, creating the opportunity to release credit held orders rapidly.
Shan Haq, Director of Product Management for Transcepta, explained that, "Typically distribution companies have older accounting and ERP systems and they tell us they don't have the customer trend visibility that they would like. This type of data is crucial to nurturing strong customer relationships, which has become such a key factor in the success of a distributor. The challenge is most distribution firms just can't afford to invest significant capital in new systems. We can help them with that challenge."
Transcepta's key innovation is to bring an affordable, yet secure, hosted-solution to businesses of any size. Their hosted invoicing and payment solution offers quick and easy deployment and does not require in-house IT resources or upfront capital. Transcepta addresses the ongoing trend to outsource invoicing with an easy path to electronic invoicing and payments.
"Transcepta's core value proposition is to provide an easy-to-implement, low-cost alternate to an expensive, highly manual and painful process. For our distributor customers, we are in a unique position to help them with a challenge they are facing more and more," commented Haq.
Transcepta Distributor Edition is available immediately. For more information please visit www.transcepta.com.
About Transcepta
Transcepta was formed in June 2005 with the mission of creating an easy-to-implement, on-demand, Electronic Invoice Presentment and Payment (EIPP) solution accessible to businesses of all sizes. Transcepta was founded by top executives with over 25 years of document delivery and supply chain software experience.
Transcepta is located in Aliso Viejo, Calif. and is financially backed by strategic investors including the premier Southern California angel investing group, Tech Coast Angels. For more information, visit www.transcepta.com.
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