TranscendAP raises an undisclosed amount in a funding round led by Rittenhouse Ventures and Tech Council Ventures to enhance its AI-driven technology platform.
TranscendAP, a Hamilton, NJ-based provider of accounts payable (AP) automation software, raised an undisclosed amount in venture funding. The round was led by Rittenhouse Ventures and Tech Council Ventures. The company intends to use the funds to enhance its AI-driven technology platform, accelerate market penetration, and build on its recent growth momentum. Clients include healthcare and educational organizations managing millions of invoices annually.
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Company Information
Company
TranscendAP
Location
Hamilton, New Jersey, United States
About
TranscendAP's accounts payable automation platform integrates AI and machine learning to solve the invoice-to-pay process for mid-market and enterprise clients.
The TranscendAP platform provides a fully-configurable and robust invoice-to-pay platform to manage all aspects of AP operations. It includes intelligent, AI-driven document capture, automated 2, 3, & 4-way PO matching, sophisticated exception handling and escalation, real-time ERP Integration, and a self-service supplier portal.
Since 2018, an array of industries have entrusted their accounts payable operations with our platform as annually we enable our clients to cost effectively manage millions of invoices and billions of dollars.
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HamiltonInformation TechnologySoftwareArtificial IntelligenceFintechinformation technology & services