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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Domenick Cilea
Springboard
dcilea@springboardpr.com
