Transcepta Creates Online Invoicing Community

Aliso Viejo-based Transcepta, an angel-backed firm which has received funding from the Tech Coast Angels, said this week that it has created an online community focused on allowing buyers and vendors to exchange electronic invoices. The company develops software for electronic invoicing to eliminate the need for paper invoices. The firm allows companies to manage Accounts Payable and Accounts Receivable online via a software-as-a-service. Transcepta raised an angel round from the Tech Coast Angels in December of 2006.