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Transcepta Press Release
Transcepta Launches Unique Hosted Electronic Invoice Presentment and Payment Service
Enables electronic invoicing without the need for IT or upfront investment.
Aliso Viejo, California, August 2, 2006: Transcepta, LLC, the leading innovator in Electronic Invoice Presentment and Payment (EIPP) today announced the launch of an innovative hosted service. The Transcepta™ service enables businesses to send electronic invoices and receive electronic payments. The service is unique because it does not require software integration or upfront capital investment.
One of the initial customers for the service is Multi Visual Products, a full service digital photofinishing production lab. It selected Transcepta over other services because of its low-risk, easy on-ramping process.
“We were struggling with the high costs of postage, paper, and excessive man hours to process invoices and paper checks,” said James Clark, President of Multi Visual Products. “However, we didn’t want to spend three months and $50,000 or more implementing a new invoice and payment solution. With the Transcepta service we were able to send live invoices in less than a day without paying anything upfront. The model of paying less than the price of a stamp per invoice works great for our business.”
“We’ve been hearing from customers and the analyst community that there is a high demand for a solution that solves the paper invoice and payment problem,” said Mitch Baxter, EVP Business Development at Transcepta. “Implementing our service is analogous to installing a printer so controllers, AR managers, and other financial stakeholders feel comfortable giving the service a try.”
Transcepta is a Certified Microsoft Partner. The Transcepta solution leverages a number of Microsoft technologies including SQL Server 2005 Enterprise Edition and Visual Studio 2005 Team Edition.
About Transcepta
Transcepta, LLC 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. While most consumers take advantage of convenient electronic billing and payments, businesses have been slow to adopt EIPP and are still mailing paper invoices and paying by paper check. With Transcepta, businesses can now implement EIPP at a low cost while realizing a remarkable ROI. Transcepta is located in Aliso Viejo, CA and is financially backed by strategic investors including the premier Southern California angel investing group, Tech Coast Angels.
For more information, please contact info@transcepta.com or call 949.330.6750. Transcepta can be found online at www.transcepta.com
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