Together, Transcepta and Basware will provide Monster with an end-to-end accounts payable (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’s e-Invoicing solution uses a vendor on-boarding approach that lets vendors submit invoices directly from their existing billing system, yet the connection to the Transcepta Community is completed in less than a day. The Transcepta solution is combined with Basware’s Invoice Automation solution, which provides complete automation of the A/P process including electronic workflow, revision, purchase order matching, cost allocation and approval of invoices, as well as transfer to the company’s A/P system.
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