Share this article ALISO VIEJO, Calif., April 14, 2021 /PRNewswire/ -- Transcepta — the leading provider of intelligent eProcurement and accounts payable (AP) automation solutions — today released new data that indicates the economy has largely returned to its pre-pandemic levels and is poised for additional recovery and growth in 2021. The findings are based on data collected from the company's cloud-based procure-to-pay (P2P) platform, which shows an upward trend in invoice volume and spend amounts among businesses since March 2020, when much of the economy was suddenly shut down due to COVID-19. The Transcepta Economic Indicator suggests the economy has largely returned to its pre-pandemic levels and is poised for additional growth in 2021. The findings are based on data collected from the company’s cloud-based procure-to-pay platform, using machine learning algorithms to highlight economic patterns and important trends in the market. The data shows a sharp decrease in economic activity immediately following the COVID-19 pandemic shutdowns, with a steady increase since and into 2021.