AP Automation

Automate supplier invoice processing

SoftCo AP Automation

SoftCo Accounts Payable Automation processes supplier invoices electronically from capture and matching, to invoice approval and query management. Accounts Payable Automation replaces manual, paper-based processes and spreadsheets, and removes time-consuming and costly tasks.

Accounts Payable automation enables the finance team to see the status of accruals, handle exceptions, and generate real-time reporting and analytics, ensuring faster month-end close and reduced costs.

Invoice Capture

SoftCo Accounts Payable Automation captures data from invoices in various formats (paper, email, PDF, XML, EDI, etc.) and creates electronic versions of the document. Capturing the data into electronic format reduces the risk of human error and time spent processing invoices.

Invoice Matching

SoftCo Accounts Payable Automation automates 2 or 3 way invoice matching which delivers up to 80% straight-through processing of invoices, significantly reducing workload. Exceptions and duplicate invoices are flagged and re-routed, ensuring that duplicate payments do not occur.

Invoice Approval Workflow

SoftCo Approval Workflows ensure that invoices are processed according to the organization’s pre-configured approval matrix and hierarchy. Exception invoices are automatically sent to authorized approvers for verification.

ERP Integration

SoftCo Accounts Payable Automation integrates seamlessly with all major finance systems, databases, and ERP systems. ERP integration results in increased processing speed, full visibility, and the provision of accurate data for better reporting and decision-making.

Spend Analytics

SoftCo Accounts Payable Automation gives finance leaders full control and visibility over the entire AP process. Reporting of KPIs and associated metrics are available on invoice processing times and costs, productivity per full-time employee, and average approval times.

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