Key Results:
Eliminated OCR and moved to a 100% digital AP capture process
Connected 30,000+ suppliers to the Transcepta Supplier Network
Seamlessly integrated to multiple existing ERPs
Eliminated invoice exceptions – enabling touchless, straight-through invoice processing
"Adopting Transcepta was a no-brainer for us. It makes us way more efficient as an organization and has dramatically improved our overall ROI. There is simply no way we could accomplish what Transcepta helps us do with in-house resources."
– Director of Finance, RTX
About RTX
RTX is a technology and innovation leader specializing in defense, civil government, and cybersecurity solutions. Every day, more than 185,000 employees across the company's three businesses – Collins Aerospace, Pratt & Whitney and Raytheon – work as one to answer the biggest questions and solve the hardest problems in aerospace and defense.
The Challenge
Raytheon’s Accounts Payable (AP) team was overwhelmed by the sheer volume of invoices received each month and the need to consolidate operations across three business units. RTX needed an AP platform that could integrate seamlessly with multiple ERPs and process invoices at a high scale. It was important to eliminate the existing OCR capture process and replace it with a true digital invoicing solution. But that's not all. RTX high usage of PO based invoices meant that a sophisticated 3-way match at the line level was critical.
The Solution
RTX selected Transcepta to transform its AP process end to end. Transcepta’s intelligent automation platform enabled Raytheon to:
- Digitally connect all suppliers – eliminating OCR errors and manual touch points
- Automatically match invoices to POs at the line level
- Provide suppliers with invoice status – freeing up AP staff to focus on strategic initiatives
The Impact
RTX revolutionized its AP operations by eliminating invoice exceptions, reducing costs, and strengthening supplier relationships. With Transcepta, RTX achieved increased productivity by 200% and now enjoys a streamlined AP process.
Ready to Automate Your AP Department?
Like RTX, you can eliminate invoice exceptions, digitize AP invoicing, and streamline AP operations with Transcepta.
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