SoftCo
SoftCo provides a P2P solution designed for SMEs/MM businesses, features advanced invoice capture, a robust workflow and business rule engine and strong systems integration capabilities.
Company Info
Address
Phone
Website
50 to Know / 50 to Watch / Future 5 / Hall of Fame
In Their Own Words: SoftCo
SoftCo is a leading provider of AP, P2P and AR solutions that increase productivity, reduce costs, and ensure organizations meet their compliance obligations. SoftCo is a global organization with offices in the USA, Ireland, the UK, and the Nordics.
SoftCo Accounts Payable Automation processes supplier invoices electronically from capture and matching, to invoice approval and query management. The solution manages all PO and non-PO vendor invoices. All invoice data is captured using SoftCo’s Optical Character Recognition (OCR) technology or via SoftCo’s outsource data capture service.
The dynamic matching engine handles both 2-way and 3-way matching to match your invoice data to your purchase orders and goods receipt notes. SoftCo Accounts Payable Automation assigns your non-PO invoices to an automatic general ledger and cost center through posting templates that are associated with your vendors. For your recurring invoices, such as subscriptions, leasing, rent and utilities, the solution automatically matches them to your underlying contract PO, and routes them for appropriate approval, without the need for supporting POs or GRNs.
SoftCo’s automated approval workflows ensure that your invoices are routed to the relevant approvers. Approval notifications and reminders ensure that your notifications are actioned efficiently. The process of approving your invoices is accelerated via signoff by e-mail or the mobile app.
Read more in the Hub
Featured Content
