TranscendAP has been selected as one of five New Jersey companies to receive investment through the New Jersey Innovation Evergreen Fund (NJIEF), a program from the New Jersey Economic Development Authority (NJEDA) designed to support high-growth technology companies in the state.

TranscendAP specializes in accounts payable automation and has expanded its platform in recent years with a cloud-based multitenant offering and integrations with enterprise systems including Oracle, Microsoft, and Ellucian. The company’s platform incorporates AI-driven capabilities designed to help organizations modernize and automate AP operations.

Commenting on the investment, TranscendAP President and CEO Jeffrey Weinstein, said:

“As a New Jersey-based software company, we highly value the programs that the NJEDA has implemented that support our continued growth. The New Jersey Innovation Evergreen Fund, which matches the recent round of venture funding by Rittenhouse Ventures and Tech Council Ventures, will fuel the expansion of our AI-driven Accounts Payable automation platform. This investment allows us to accelerate our growth and expand our New Jersey presence with great career opportunities in technology, sales, marketing, and professional services. As I have experienced when leading other New Jersey-based firms, NJEDA’s partnership is outstanding at all levels. The NJEDA team is incredibly focused on growing the economic opportunities within New Jersey and we are fully aligned with them in that mission.”

Through the NJIEF program, TranscendAP received two investments totaling $1.25 million, submitted by Rittenhouse Ventures and Tech Council Ventures.

This investment follows TranscendAP’s previously announced venture funding round, which supports the continued expansion of the company’s AI-driven accounts payable automation platform.

To read the full announcement from NJEDA, visit: https://www.njeda.gov/5-new-jersey-businesses-receive-funding-through-nj-innovation-evergreen-fund/

Learn more about TranscendAP’s AI-powered accounts payable automation platform at transcendap.com.

Certification Strengthens Commitment to Higher Education and Seamless ERP Connectivity

HAMILTON, NJ (January 28, 2026) – TranscendAP, Inc., a leading provider of AI-driven accounts payable (AP) automation software, today announced that it is Ellucian SaaS Verified for Ellucian Finance powered by Banner. This certification confirms that TranscendAP meets the rigorous technical and security standards set by Ellucian, reinforcing its commitment to providing higher education institutions with a seamless, reliable, and secure connection to their SaaS-native ERP solution.

The certification underscores TranscendAP’s focus on helping colleges and universities modernize financial operations with advanced automation, intelligent data capture, and real-time ERP integration. TranscendAP delivers greater assurance to institutions seeking to streamline AP workflows, reduce manual processing, and maintain data security in the cloud.

“As higher education continues its transition to SaaS environments, achieving Ellucian SaaS Verified status reinforces our commitment to supporting institutions with trusted technology purpose-built for the evolving needs of higher education,” said Jeff Weinstein, Co-Founder and CEO of TranscendAP. “This certification gives our customers confidence to seamlessly integrate TranscendAP with Ellucian Finance to automate invoice capture, eliminate manual tasks, and remove bottlenecks that slow AP teams. We’re helping institutions gain financial visibility and improve operational efficiency while maintaining the highest levels of security and reliability.”

The company is also working toward achieving similar certification for Ellucian Finance powered by Colleague to expand its verified ERP integrations in the near future. As an Ellucian SaaS Verified partner, TranscendAP is featured in the Ellucian Partner Catalog.

“We’re proud to include TranscendAP among our SaaS Verified partners,” said Jeff Dinski, Chief Strategy and Corporate Development Officer at Ellucian. “TranscendAP’s integration with Ellucian Finance powered by Banner helps institutions enhance financial operations through automation and data-driven workflows, supporting the broader mission of digital transformation across higher education.”

For more information about TranscendAP’s higher education solutions or to schedule a demo, visit https://transcendap.com/higher-education/.

About TranscendAP

TranscendAP, Inc. provides a flexible and scalable AI-driven accounts payable (AP) automation platform capable of supporting the most complex workflows and processes. Since 2018, enterprise organizations in healthcare, higher education, manufacturing, and other sectors have entrusted TranscendAP to manage millions of invoices and billions of dollars annually. For more information, visit www.transcendap.com.

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Investment from Rittenhouse Ventures and Tech Council Ventures Supports Company’s Mission to Help Enterprise Organizations Transform Accounts Payable Operations

HAMILTON, NJ (October 30, 2025) – TranscendAP, Inc., a leading provider of accounts payable (AP) automation software, today announced that it has secured venture funding to scale operations and support the company’s aggressive growth strategy. The funding round was led by Rittenhouse Ventures and Tech Council Ventures, supporting TranscendAP’s mission to drive innovation across AP operations for enterprise organizations.

TranscendAP will utilize the investment to enhance its AI-driven technology platform, accelerate market penetration, and build on its recent momentum, which includes notable customer wins across the healthcare, manufacturing, and higher education markets. Clients include Aspen Surgical, Loomis, George Mason University, Kaiser Aluminum, Powell Industries, and Arizona Arthritis & Rheumatology Associates, demonstrating the flexibility and configurability of the TranscendAP platform and its ability to meet the unique needs of diverse AP departments.

“AP automation has moved from being a back-office necessity to a true strategic advantage,” said Jeff Weinstein, Co-Founder and CEO of TranscendAP. “Securing this venture funding is a major milestone for us, empowering our team to accelerate AI innovation, expand our platform, and continue transforming how organizations across industries manage their accounts payable. It’s especially rewarding to be backed by two venture firms with a proven track record and a team that I’ve had great success with before.”

As organizations increasingly look to apply AI to streamline financial operations, TranscendAP’s platform stands out for its intelligent data capture, workflow automation, and exception handling capabilities, helping enterprise AP teams reduce manual processing, improve visibility, and lower invoice processing costs.

“The accounts payable automation market is undergoing a crucial transformation, shifting rapidly from outdated, first-generation systems, with over 90% of the market still lacking effective AP automation,” said David Nevas, General Partner at Rittenhouse Ventures. “Their cloud-based, AI-first platform leverages best-in-class technology, providing critical value propositions like a 70% reduction in per-invoice costs and robust fraud detection capabilities. We believe the time to strike this market is now, and TranscendAP is perfectly positioned to capture significant share in the mid-market segment. The company has proven product-market fit with impressive customer wins and strong capital efficiency.”

This investment milestone not only validates TranscendAP’s approach to intelligent AP automation but also fuels the company’s ongoing initiative and commitment to help organizations worldwide achieve smarter, more efficient accounts payable operations.

“We’re excited to invest for the second time in a leader like Jeff Weinstein, who now has a best-in-class solution for automating the accounts payable workflow,” said Steve Socolof, Managing Partner at Tech Council Ventures. “Having worked with Jeff and his team in the past, we’ve seen firsthand their ability to execute, scale quickly, and deliver real enterprise value through innovation. We’re confident TranscendAP has the right leadership and technology to redefine AP automation for a broad range of organizations.”

For more information about TranscendAP’s accounts payable automation solutions or to schedule a demo, contact sales@transcendap.com.

About Rittenhouse Ventures

Rittenhouse Ventures is an emerging-growth venture capital firm that partners with capital-efficient B2B SaaS, AI, and tech-enabled services companies. With a strategic focus on the Mid-Atlantic region and other underserved markets, Rittenhouse invests in companies generating $2M-$10M in revenue, typically into rounds of $5M or less. The firm is dedicated to providing deep operational support and unique network access, collaborating with exceptional management teams to foster sustainable growth and market leadership.

About Tech Council Ventures

Tech Council Ventures invests in the most promising early-stage, rapid-growth technology companies in the Mid-Atlantic region. The Fund typically initially invests $500,000 to $3M, with up to $4-5M to support the company’s growth. The general partners are active investors, typically (but not always) a Board Director and lead investor.

About TranscendAP

TranscendAP, Inc. provides a flexible and scalable AI-driven accounts payable (AP) automation platform capable of supporting the most complex workflows and processes. Since 2018, enterprise organizations in healthcare, higher education, manufacturing, and other sectors have entrusted TranscendAP to manage millions of invoices and billions of dollars annually. For more information, visit www.transcendap.com.

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Media Relations Contact:
Domenick Cilea
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Bi-Directional Integration Helps Automate a Broad Range of Accounts Payable Processes and Workflows

HAMILTON, NJ (June 10, 2025) –TranscendAP, Inc., a leading provider of accounts payable (AP) automation software solutions, today announced support for the latest SAP enterprise software platforms. The integration delivers powerful bi-directional data exchange, enabling organizations to streamline and accelerate AP operations across SAP environments, whether deployed on-premise or in the cloud.

TranscendAP extends its reach across the enterprise landscape, enabling more organizations to benefit from its AI-driven automation platform. The TranscendAP platform empowers healthcare organizations, manufacturing companies, higher education institutions, and organizations across other industries to automate AP operations across various ERP and accounting systems.

The latest integration enhancement enables the TranscendAP platform to connect seamlessly with both on-premise and cloud-based environments of SAP applications, including SAP ERP Central Component (ECC), SAP S/4HANA, and the RISE with SAP version of each.

By enabling bi-directional data flow between TranscendAP and SAP systems, customers can achieve greater accuracy, faster processing times, and improved visibility across their financial and accounts payable workflows. Further enabling organizations to optimize their SAP investments and processes while leveraging the flexibility and benefits of TranscendAP’s AP automation platform.

“We’re proud to support SAP and extend the reach of our platform to even more enterprise environments,” said Jeff Weinstein, Co-Founder and CEO of TranscendAP. “SAP is one of the leading enterprise software systems widely deployed across industries, including manufacturing, higher education, and beyond. Whether deployed on-premise or in the cloud, we help SAP customers harness the power of our accounts payable platform to improve their AP operations.”

In addition to SAP, TranscendAP supports a wide range of enterprise applications and systems, including Oracle E-Business Suite (EBS), PeopleSoft, Microsoft Great Plains and MS Dynamics with additional integrations currently in development.

For more information about TranscendAP’s accounts payable automation solutions or to schedule a demo, contact sales@transcendap.com or visit our website here.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provide a flexible and scalable software platform capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, and various industries have entrusted their accounts payable operations to TranscendAP, which annually manages millions of invoices and billions of dollars. For more information, visit http://www.transcendap.com.

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Media Relations Contact:
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Leading Manufacturer Selects A Scalable AP Automation
Platform To Streamline Its Invoice And Payment Processing

Press Release

HAMILTON, NJ (May 7, 2025) – TranscendAP, Inc., a specialist in accounts payable (AP) automation, today announced that Aspen Surgical, known for its high-quality surgical products and longstanding relationships with hospitals and healthcare facilities, has selected TranscendAP to modernize and future-proof its AP operations.

Aspen Surgical will leverage TranscendAP’s AP automation platform to improve efficiency and accuracy. It will also empower vendors to track inquiries via a self-service portal.

TranscendAP offers a robust, configurable AP platform that delivers invoice capture to ready-to-pay AP processing capabilities. It integrates seamlessly with various ERP applications and accounting systems. Furthermore, it utilizes AI and machine learning, continuously improving over time. These technologies proactively safeguard the AP processing capabilities well into the future.

Aspen Surgical sought a more advanced and fully integrated automation platform for future growth. “Aspen Surgical is rapidly growing, and we needed a scalable, user-friendly AP solution. It had to keep pace with our evolving needs and help us streamline supplier management,” said Greg Muller, Chief Financial Officer at Aspen Surgical. “TranscendAP stood out for its AI and machine learning capabilities. These could deliver on our current and future AP goals.”

“We’re incredibly excited that Aspen Surgical chose TranscendAP,” said Jeff Weinstein, Co-Founder and CEO of TranscendAP. “Aspen Surgical is focused on driving operational improvements. With the deployment underway, we’re excited to support them with a flexible and intelligent platform built for the future of AP automation.”

For more information about TranscendAP’s accounts payable automation solutions or to schedule a demo, contact sales@transcendap.com or visit our website here.

About Aspen Surgical

Founded in 1999, Aspen Surgical is a leading medical device manufacturer. It provides clinicians with tools to advance the entire perioperative experience. Aspen Surgical offers an expanding portfolio of surgical tools and solutions, as well as trusted brands, ensuring consistent performance day after day. These include Bard-Parker®, Bovie®, Bookwalter®, and Olsen®. Their high-quality products are designed with precision to meet the stringent demands of the perioperative environment. Headquartered in Caledonia, Michigan, and extending its global footprint in Las Piedras, Puerto Rico; Agua Prieta, Mexico; and Cheltenham, Australia, Aspen Surgical stands at the forefront of trusted performance at all points of care. For an in-depth look at products and the Aspen Surgical community, please visit www.aspensurgical.com.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provide a flexible and scalable software platform. This platform is capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, healthcare, and various industries have entrusted their accounts payable operations to TranscendAP. The platform annually manages millions of invoices and billions of dollars. For more information, visit http://www.transcendap.com.

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AI-Driven Functionality Enables Enterprise Organizations to Achieve Operational Efficiencies with Advanced Invoice and PO Recognition, Real-Time Reporting, and Improved Vendor Self-Service

HAMILTON, NJ (November 19, 2024) –TranscendAP, Inc., a specialist in accounts payable (AP) automation software, today announced the latest release of its platform, TranscendAP 9.0, which introduces advanced automation tools for invoice ingestion, straight-through processing (STP), and vendor management. Designed to increase operational efficiency, the platform now includes better ML-based recognition libraries and a host of new features to streamline AP processes and improve vendor interactions.

“With these new enhancements, TranscendAP is raising the standard of AP automation by introducing tools that not only improve data recognition and processing but also offer AP professionals a more intuitive and powerful experience,” said Simon Yelsky, Chief Product Officer at TranscendAP. “These features reflect our commitment to helping organizations reduce AP bottlenecks and make data-driven decisions in real-time.”

The TranscendAP platform provides a configurable, AI-powered solution that enables AP teams to automate complex workflows, reduce manual intervention, and improve vendor relationships. Key improvements in this release include:

Enhanced Invoice Ingestion

• Improved machine learning recognition libraries to increase accuracy
• Automated recognition and routing of non-invoices
• Ingestion and validation from multiple digital file formats

Straight-Through Processing Enhancements

• Automated unit of measure (UOM) conversion
• Enhanced STP processing with support for custom date ranges
• Real-time, vendor-specific STP reporting for improved visibility and control

Enhanced Vendor Management

• New capabilities for automated invoice rejection based on content, with vendor notifications for real-time corrections
• Expanded security and self-service options in the vendor portal, including business unit-based branding and self-managed account settings

TranscendAP’s latest platform release brings a new level of efficiency to accounts payable by reducing manual tasks and improving visibility across the AP lifecycle.

For more information about TranscendAP’s accounts payable automation solutions or to schedule a demo, contact sales@transcendap.com.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provides a flexible and scalable software platform capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, and an array of industries have entrusted their accounts payable operations with TranscendAP, which annually manages millions of invoices and billions of dollars. For more information, visit www.transcendap.com.

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Media Relations Contact:
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Leading Higher Education Institution Chooses TranscendAP, an Ellucian Banner Integration Partner, for its Advanced, AI-Powered Automation and Sophisticated Accounts Payable Platform

LAWRENCEVILLE, NJ (October 22, 2024) –TranscendAP, Inc., a specialist in accounts payable (AP) automation software, today announced that George Mason University (GMU) has selected TranscendAP to streamline and enhance its AP operations. After a thorough and detailed evaluation of various AP solutions, GMU chose TranscendAP for its comprehensive AP functionality and real-time integration with Ellucian Banner, the leading ERP solution for higher education.

By leveraging TranscendAP’s intelligent, AI-driven document capture, real-time ERP integration, and flexible, configurable workflows, GMU will benefit from a fully automated AP platform that meets its unique operational needs. The platform’s advanced exception handling ensures discrepancies and approvals are addressed quickly and efficiently. This automation enables GMU to streamline invoice capture, processing, and payment, allowing for a greater focus on strategic financial operations.

An Ellucian partner, TranscendAP integrates seamlessly with the Ethos API and Business API, providing GMU with a bi-directional data exchange that enhances vendor management, invoice matching, and disbursements.

“We’re excited to collaborate with George Mason University and deeply value the comprehensive evaluation they conducted before choosing our accounts payable platform,” said Jeff Weinstein, Co-Founder and CEO of TranscendAP. “We look forward to working closely with the GMU team to drive their AP efficiency and success.”

Key features of TranscendAP include:

• Intelligent AI-Driven Document Capture: Leverage AI and machine learning to accurately ingest and match a high-volume of POs and non-PO invoices.
• Straight-Through Processing: Automated document ingestion, intelligent workflow, and real-time data integration enable touchless processing capable of supporting high volumes of invoices with maximum confidence.
• Self–Service Vendor Portal: Empower suppliers to submit invoices, view history, and check status of payments via a secure self-service portal.
• Easily Configurable Workflows and Approvals: Support unique and complex workflows, conditional approvals, and handling exceptions seamlessly with automated notifications that can be approved from anywhere.
• Real-Time ERP Integration: Tightly integrate all types of enterprise applications and ERP systems with support bi-directional data exchange (vendor information, invoice matching, etc.) for accelerated accounts payable processing.

For more information about TranscendAP’s accounts payable automation solutions or to schedule a demo, contact sales@transcendap.com or visit our website here.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provides a flexible and scalable software platform capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, and an array of industries have entrusted their accounts payable operations with TranscendAP, which annually manages millions of invoices and billions of dollars. For more information, visit www.transcendap.com.

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Media Relations Contact:
Domenick Cilea
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Universities and Colleges Utilizing Ellucian’s Leading ERP Solution Can Further Automate their Unique Accounts Payable Operations with TranscendAP

LAWRENCEVILLE, NJ (October 2, 2024) – TranscendAP, Inc., a specialist in accounts payable (AP) automation solutions, today announced it has an integration relationship with Ellucian, a leading higher education technology solutions provider. This gives universities and colleges advanced AP automation capabilities that fully supports the Ellucian Banner environment, providing the flexibility to manage all types of invoices and disbursements to vendors, partners, suppliers, and students.

TranscendAP is leveraging Ellucian’s Ethos API, Business API, and PL/SQL API to provide seamless integration that aligns with the complex needs of colleges and universities. The integration enhances the ability to manage project accounting and document accounting efficiently, ensuring that institutions can maintain precise financial records while benefiting from a system that is fully compatible with their existing infrastructure.

The TranscendAP platform provides a fully configurable and robust invoice-to-pay system to manage all aspects of AP operations. It includes intelligent, AI-driven document capture, automated 2, 3, & 4-way PO matching, sophisticated exception handling and escalation, real-time ERP Integration, easily configurable workflow capabilities and a self-service supplier portal.

The relationship with Ellucian reinforces TranscendAP’s commitment to the higher education market, serving universities and colleges throughout the United States.

“TranscendAP is excited to be working with Ellucian as we bring our flexible and feature rich accounts payable solution to the higher education sector,” said Jeff Weinstein, Co-Founder and Chief Executive Officer of TranscendAP. “As specialists in AP automation, we understand the unique ways in which universities and colleges want to manage their AP operations and our platform greatly streamlines those efforts in a very cost effective and highly efficient way.”

For more information and to schedule a demo of TranscendAP, email at sales@transcendap.com or visit our site to learn more.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provides a flexible and scalable software platform capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, and an array of industries have entrusted their accounts payable operations with TranscendAP, which annually manages millions of invoices and billions of dollars. For more information, visit www.transcendap.com.

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Media Relations Contact:
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Customizable Dashboards, Improved PO Matching, and Enhanced Self-Service Capabilities for Suppliers and Vendors – All Designed to Significantly Automate Accounts Payable Operations

LAWRENCEVILLE, NJ (July 17, 2024) – TranscendAP, Inc., a specialist in accounts payable (AP) automation solutions, today announced the availability of its namesake technology platform utilized by mid-market and large enterprises. The new TranscendAP 8.5 includes customizable dashboard widgets that offer visibility into invoice automation, improved enhanced 2-way and 3-way PO matching, and an enhanced supplier portal that simplifies vendor onboarding and offers an array of self-service capabilities.

“The new version of TranscendAP provides accounts payable departments as well as their organization’s vendor and supplier ecosystem with new capabilities to manage POs and invoices more efficiently while reducing manual processes and exception handling,” said Simon Yelsky, Chief Product Officer of TranscendAP. “Our platform can be easily configured to support the most complex AP processes and the integration of AI and machine learning provides tools to intelligently capture and route inbound remittance for approvals, thus achieve straight-through-processing.”

TranscendAP provides a fully-configurable and robust invoice-to-pay platform to manage all aspects of AP operations. It includes intelligent, AI-driven document capture, automated 2, 3, & 4-way PO matching, sophisticated exception handling and escalation, real-time ERP Integration, and a self-service supplier portal.

Other new features and functionality of TranscendAP 8.5 include:

• Enhanced business unit segregation makes it easier to manage the unique needs of multiple departments
• Expanded vendor portal that includes more security and self-service account management options
• Automated vendor invoice rejection and ability for vendors to amend invoices
• More automation around Units of Measure (UOM) handling

For more information and to schedule a demo of Transcend AP 8.5, email at sales@transcendap.com or call at 609-586-8811.

About TranscendAP

TranscendAP, Inc. and its namesake account payable technology provides a flexible and scalable software platform capable of supporting the most complex AP workflows and processes. Since 2018, enterprise organizations in manufacturing, hospitality, higher education, and an array of industries have entrusted their accounts payable operations with TranscendAP, which annually manages millions of invoices and billions of dollars. For more information, visit www.transcendap.com.

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Media Relations Contact:
Domenick Cilea
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