Procure-to-Pay

Ensure full spend visibility & control

SoftCo Procure-to-Pay

SoftCo Procure-to-Pay connects and automates the finance process from procurement and requisitions to accounts payable and invoicing. SoftCo’s Smart Automation solutions reduce inefficiencies and costs while freeing up the time of employees to focus on more value-added tasks, all through a smooth user experience across all devices – desktop, tablet, and mobile.

SoftCo everyERP integrates seamlessly with all major finance systems, databases, and ERP systems including SAP, Oracle, and Microsoft Dynamics. Reporting of KPIs and associated metrics are available on procurement, accounts payable, and supplier management progress.

Procurement

SoftCo’s industry-leading procurement platform transforms the way organizations buy from their suppliers in the B2B ecosystem. The platform offers the purchaser everything that they need to buy compliantly, only from preferred suppliers, and without any friction.

Invoice Capture

SoftCo 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 Procure-to-Pay 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 Procure-to-Pay 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 Procure-to-Pay gives finance leaders full control and visibility over the entire P2P process. Reporting of KPIs and associated metrics are available on procurement, accounts payable, and supplier management progress.

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