TranscendAP has released the 8.5 version of its technology AI-powered accounts payable automation platform, which includes AI and machine learning functions to offer customizable features aimed at automating and streamlining invoice and payment operations for mid-market and large enterprises.

New features of the platform includes reinforced dashboard widgets that enable transparency into the automation of invoices, advanced two and three-way PO matching, and an upgraded supplier portal for simplified vendor onboarding and self-service capabilities. Additionally, the platform features enhanced business unit segregation, an extended vendor portal with improved security and self-service options, automated vendor invoice rejection, and more refined units of measure (UOM) handling.

TranscendAP claims that these new features enable accounts payable departments and supplier networks to efficiently manage POs and invoices by reducing manual processes and exception handling, improving operational productivity.

Analyst QuickTake: TranscendAP's latest release follows its decision in May 2024 to spin off from Optima Global Solutions to become a standard company. The new release reiterates its focused approach to expanding the functionality of its AP automation solutions.