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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Domenick Cilea
Springboard
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