Unique e-Invoicing Solution Connects Suppliers of All Sizes

For years, I’ve been hearing about going green, eliminating paper invoices, and adopting electronic invoicing. Many studies have been done about how processing paper, even while using scanning and OCR technology, is inefficient, error-prone, and expensive.

Many enterprise companies have shied away from e-Invoicing solutions due to barriers to supplier adoption, such as cost, time, and complexity for suppliers to participate. For example, I’ve heard it can take 8 weeks to 3-4 months to connect a supplier, and you are limited to the types of suppliers you can connect with. Thus, only large suppliers tend to participate with these solutions and their customers typically can only connect with their top 200 suppliers. I guess that’s why a lot of e-Invoicing networks accept paper invoices from suppliers in addition to electronic formats. They know they can’t connect most suppliers so they concede they need an imaging process to fall back on.

If you’re like most leading companies you want a solution that eliminates paper invoices from the majority of your suppliers, not just a handful. What are the options?

I have recently learned about Oracle’s partnership with Transcepta. Transcepta provides a unique e-Invoicing solution that maximizes supplier adoption for both Oracle® E-Business Suite and Oracle’s PeopleSoft Enterprise customers.

What Makes Transcepta Unique?

First, your suppliers do not have to pay any “percent of transaction”, set up, or “membership” fees to be able to send their customers electronic invoices. Also, you can onboard virtually any supplier, not just your top suppliers, in just five minutes of your supplier's time without installing complicated software. And suppliers are able to use their existing system and invoice format. They don’t have to manually enter invoices into a portal! This is probably the most important aspect of adopting an e-Invoicing solution. You could have the best AP Dept. and best automated ERP system on the planet, but if your suppliers don’t participate and send you electronic invoices, you’re not going to reap the benefits of eliminating paper. Thus, you need a solution that maximizes supplier adoption.

Second, Oracle provides pre-configured access to Transcepta's e-Invoicing and supplier enablement services. Both Oracle® E-Business Suite and Oracle’s PeopleSoft Enterprise customers can realize benefits from the investments they already have in their procurement and accounts payable functions to take advantage of this unique e-invoicing approach.

Third, you don’t have to worry about staffing your AP Dept. with integration experts or Transcepta experts to deal with connection or invoicing issues. Transcepta is staffed with a dedicated team of professionals to assist your suppliers in getting them connected quickly to have them start sending you electronic invoices.

To learn more, you can visit http://www.transcepta.com/ and https://solutions.oracle.com/scwar/sc/Partner/SC2PP-TRANSCEPTA.html.

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Focusing on solutions for the Office of Finance, this blog will highlight key financial management market trends, events and other news of interest.

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