Contract Number: CR001425
Contract Date: 08/01/2025 – 06/30/2030
Agreement: Competitive
Renewals: 1 5-year renewal remaining
Award Summary: Click RFP Number Field to view all awarded suppliers
eProcurement: N/A
RFP Number & Name: EI00349~2024RFP / Accounts Payable Management Automation & Optimization
Contract Availability: Higher Education; K-12

Transcepta

By harnessing AI and a global supplier network, Transcepta eliminates manual AP tasks and replaces them with intelligent automation. Members experience lightning-fast invoice processing, seamless supplier collaboration, and real-time visibility, all while unlocking cost savings and rebate opportunities through virtual card payments. 

Transcepta is a leading provider of AI-powered accounts payable automation, serving thousands of organizations across industries. Their cloud-based platform streamlines AP processes, eliminates manual tasks, and improves accuracy through a global supplier network. Members benefit from faster invoice processing, reduced costs, enhanced supplier collaboration, and real-time visibility into transactions. Transcepta’s scalable solutions empower finance teams to optimize efficiency and control, supporting both public and private sector clients. The company is recognized for its innovative technology, hands-on support, and commitment to transforming AP operations.

Contract Differentiators
  • Automate AP workflows across all invoice types, p-card transactions, and travel expenses – backed by robust reporting and analytics
  • Assign a dedicated Engagement Manager and Customer Success Manager to every project, with a single point of contact for E&I pricing access
  • Achieve unmatched PO match rates, AI-powered invoice capture, and streamlined supplier collaboration through an intuitive portal
  • Simplify implementation with a user-friendly platform designed for rapid deployment and high automation – eliminating complexity and maximizing ROI
  • Differentiate with AI-driven automation and a globally connected supplier network that scales with your institution
  • Unlock rebate opportunities through virtual card payments that can offset – or even exceed – the cost of the AP automation program
  • Integrate seamlessly with leading ERP systems including Oracle, SAP, Workday, and Microsoft Dynamics

More Information

Economic Benefit Model Statement

The E&I Economic Benefit Model™ (EBM) is a powerful tool that your institution can use to measure and communicate the overall value of its procurement activities. This benefit is derived from three key areas:

Using the EBM, each of E&I’s more than 215 competitively solicited contracts have been scored with a Total Economic Benefit™ (TEB) to member institutions.

The TEB of this Transcepta contract is in the range of 1.0-12.5%.

ECONOMIC BENEFIT MODEL

Total Economic Benefit of this Contract:

1.0-12.5%

The Economic Benefit Model TEB is determined from baseline cost comparisons using historical data, competitive intelligence, market benchmarking, vendor quotes, and related criteria.

To learn more, visit EBM or contact your E&I Member Representative.

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