FleetPride moving to touchless, straight-through invoicing

FleetPride has partnered with Transcepta to eliminate paper invoices and achieve touchless, straight-through invoice processing.

To maximize adoption, Transcepta manages the entire onboarding process for its customers, and notifies each supplier of the e-invoicing initiative and works with them to determine the submission method and format that would best serve their business requirements. Also, the service is free to suppliers, encouraging rapid and complete adoption. Setup is completed quickly enabling suppliers to send e-invoices directly from their existing billing system for guaranteed, secure delivery.

“A key part in our decision to choose Transcepta was their PO CloudMatch feature,” says Angela Boyd, FleetPride VP and Chief Accounting Officer. “We needed to eliminate paper but we also we’re very excited to move to a touchless process.”

To help streamline the payables process for the large amount of goods flowing through FleetPride’s distribution centers, Transcepta has implemented PO CloudMatch, which uses intelligent algorithms to compare a purchase order to the invoice and calculate PO line numbers where they would otherwise be absent. This is particularly useful when a three-way match is required because it ensures there is enough data, including goods-receipt data, for the match to take place.

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