About Transcepta

Transcepta was founded in 2005 with the goal of eliminating paper invoices and making electronic invoicing a reality for Accounts Payable departments across the globe.  It is our belief that the critical success factor for electronic invoicing is supplier participation.  Transcepta is differentiated from other offerings by providing an attractive solution to your suppliers and a managed service to recruit and implement those suppliers.  Transcepta is the only electronic invoicing solution that removes the long standing barriers (cost, time, and complexity) to supplier adoption.

While offering robust functionality and flexible integration to your Accounts Payable department, Transcepta enables your suppliers to submit invoices with their existing billing system and process.  Suppliers do not pay setup or any other upfront fees and implementation takes only five minutes of a supplier’s time.  IT support is not required for supplier implementation and invoice submission is automated (i.e. not manually typing invoices into a web portal).  Thousands of companies have joined the Transcepta Community to lower costs, improve efficiency, and strengthen trading relationships.

Management Team

	Ray Parsons President and CEO Member, Board of Directors Ray is responsible for leading Transcepta’s company strategy. He has successfully led technology organizations for over 20 years. He successfully built and sold a software company to Microsoft and after selling his company, Unisolve, to Microsoft in 2001, Ray became the General Manager for Microsoft’s worldwide Supply Chain Management initiative. Ray also served as the General Manager for the Microsoft Business Network, a research effort targeted at identifying ways that companies could simplify their electronic document exchange.
	Mitch Baxter Executive Vice President, Business Development Member, Board of Directors Mitch is responsible for building and cultivating Transcepta’s partner relationships. He is a business development executive with 23 years of technology experience, for the last 9 years focused on ERP document delivery. As EVP of Business Development for Esker Software and President of VSI, a company that was acquired by Esker in late 2000, Mitch has been active in strategy development and building key external relationships, including Esker’s deep relationship with SAP and Salesforce.com.
	Dave Eggert Chief Architect Dave is responsible for leading all facets of product development. He has been active in the ERP software industry for over 25 years, with roles in programming, consulting, architecture and management. Immediately prior to joining Transcepta, Dave spent 5 years with Microsoft as an application architect and program manager in the Business Solutions Division. During that time, he led initiatives devoted to electronic collaboration and business document exchange.
	Shan Haq Vice President, Marketing and Sales Shan is responsible for global marketing, product management, and sales and plays a significant role in shaping Transcepta’s business strategy. Before joining Transcepta, Shan led a product management team at Microsoft responsible for the business process management and integration markets. Prior to Microsoft, Shan led teams at Deloitte Consulting and The Boeing Company, where he played a central role in launching two successful high technology businesses.

Board of Directors

Dave Berkus
Chairman of the Board
Dave is an early stage venture capitalist with a hands-on background in technology. An entrepreneur for over 40 years, he formed and managed successful businesses in the entertainment and software arenas, and is a respected technology industry leader and spokesperson. Active as investor or board member in a total of fifty-four early stage companies since 1993, he was recognized as "2000 Director of the Year - Early Stage Businesses" by the Forum for Corporate Directors of Orange County, CA and as "2001 Businessperson of the Year" by his alma mater, Occidental College. Dave is also a former Advisory Board member of Unisolve, where he worked with Ray Parsons and Dave Eggert for many years.

Dan Posilovich
Board Member
Dan has over 30 years of investment experience investing in private and public entities. His focus has been private and public real estate investments, banks, health care and technology related companies. Currently a member of the venture capital investment group Tech Coast Angels, Dan continues to be an active investor in the public and private equity markets.  In 1985, Dan founded his own real estate development and investment company. He has successfully developed and or invested in retail, industrial, office and residential projects. Today his company owns and manages a portfolio of investment properties for his own account. 

Chris Smith
Board Member
Chris is an entrepreneurial executive with over 20 years of experience in enterprise software and international manufacturing. He has contributed to successful company and product launches resulting in three private company sales. Currently, Chris is President of CygNet Software.  Chris has served as an Entrepreneur-in-Residence for Rustic Canyon Partners where Chris has been involved in sourcing deals, due diligence and follow-on consultations to technology start-ups. Prior to that, Chris was CEO of RiverOne, purchased by i2 Technologies (NASDAQ: ITWO). Previously, Chris was Founder, President and CEO of Efinity Inc., a recognized visionary provider of supply chain solutions to the electronics industry. Chris' executive expertise springs from his varied experiences in management, business development, and product marketing. He frequently writes and speaks for the manufacturing industry. Civically, Chris is on the board of Laura’s House, a non-profit addressing the problem of domestic violence.