Transcepta, a provider of e-invoicing solutions, has announced that Monster Worldwide, a provider of online employment solutions, has selected its electronic invoicing solution as part of an overall initiative to automate its accounts payable process.
Monster Worldwide will expand its Basware Invoice Automation solution to include receiving e-Invoices and integrating them into Monster's enterprise-wide Oracle Financials System.
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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