Case Study: FleetPride Achieves 95%+ Straight-Through Invoice Processing with Transcepta

Accelerating Accounts Payable Efficiency Insights from FleetPride

FleetPride, the nation’s largest independent distributor of heavy-duty truck and trailer parts, needed a better way to handle rapidly growing accounts payable invoice volume. Its AP team was spending significant time manually keying and matching complex PO-based invoices, while non-PO invoices moved through a slow e-signature workflow that created bottlenecks, delayed payments, and led to a backlog of more than 25,000 exception invoices. FleetPride turned to Transcepta, including its PO Cloud Match and CloudCode capabilities, to eliminate paper and manual effort.

With Transcepta, FleetPride automated 2- and 3-way PO matching, achieved 100% capture accuracy, and reached over 95% straight-through processing for PO-based invoices. The company also fully automated GL coding and approval for non-PO invoices, eliminated invoice exceptions, and improved supplier relationships through real-time invoice status visibility. As a result, FleetPride reduced manual data entry and freed its AP team to focus on higher-value strategic work.

FleetPride