SoftCo qualified as a Nimble “Value Leader” in our new SolutionMap ranking of AP automation offerings, meaning it had good analyst scores and good feedback from its customers. It also indicates that its capabilities can serve companies that need a low-cost solution, rapid implementation and fast ROI in combination with SoftCo’s strengths, which are in invoice capturing, workflow engines and integration expertise.
However, this market is getting competitive — with big investments being made across P2P and specialized AP automation. With that in mind, this final Spend Matters PRO Vendor Analysis installment will look at SoftCo and where it fits into this market and the competitors that it could face in different segments of the market. We’ll have profiles of AvidXchange, Basware, SAP Ariba, Coupa and Corcentric (Determine).
In Part 1, we covered SoftCo’s company background, a detailed solution overview and a summary recommended fit suggestion for considering SoftCo. In Part 2, we covered product strengths and weaknesses.
In addition to a look at SoftCo’s competitors, Part 3 also will include a SWOT analysis, tech selection tips and an analyst summary.