SoftCo

SoftCo delivers Unrivalled Touchless Invoice Processing. With 90%+ STP, SoftCo reduces costs by 89% & delivers 100% control & visibility through its user-friendly interface. SoftCo are AP-first & trusted by over 1 million global users including forward-thinking organizations such as Logitech, Primark, PwC, VW, Sunny D and the Finnish Government.

SoftCo works with customers in all industries who process over 20k invoices per annum including Food & Beverage, Manufacturing, Financial, Retail, Transport & Logistics, etc.

SoftCo are SOC & ISO 27001 Certified. SoftCo integrates with 200+ ERPs and has a 100% project success rate. SoftCo Accounts Payable Automation processes all PO and non-PO supplier invoices electronically from capture and matching to invoice approval and query management. SoftCoAP delivers unparalleled touchless automation by incorporating unique Artificial Intelligence (AI) and Adaptive Learning technologies to minimize the number of supplier invoices that require manual intervention. The result is 89% processing savings. All invoice data is captured using SoftCo’s Optical Character Recognition (OCR) technology. The Smart Matching engine matches invoice data to your purchase orders and goods receipt notes and automates even the most complicated matching scenarios, such as incomplete data, missing product codes, rounding issues and FX conversions. The result is a 38% improvement in match rate versus standard matching engines. Smart Coding harnesses Machine Learning to analyze previously coded invoices and automatically apply the correct coding for new invoices, reducing the reliance on the AP team’s knowledge and delivering coding in seconds rather than minutes. Smart Routing technology determines the correct routing of invoices for approval, reducing the time taken to correctly route invoices by 90%. SoftCoAP assigns your non-PO invoices to an automatic general ledger and cost center through posting templates that are associated with your vendors. Recurring invoices, such as subscriptions, leasing, rent and utilities, are automatically matched to your underlying contract PO, and SoftCoAP routes them for appropriate approval, without the need for supporting POs or GRNs. SoftCoAP incorporates anti-fraud functionality that delivers real-world fraud prevention and monitoring. Dashboard reports deliver greater clarity and insight into real-time day-today performance through Financial and Operational KPI reports. SoftCo Advanced Analytics, powered by AWS Quicksight, tracks key trends to provide management with key insights required to manage costs, performance, and effectiveness of operations.