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Renault Accelerates Procure-to-Pay with SoftCo

Date: Feb 28, 2017

SoftCo, the leading provider of finance automation solutions, is delighted to announce that Renault Ireland has chosen SoftCo P2P to transform its procure-to-pay process. Established in 1899, Groupe Renault is one of world’s largest automakers with a turnover of €51.2bn and has been operating in Ireland since the 1950s.  Renault will use SoftCo P2P to capture, process, and pay the 10,000 supplier invoices the company receives annually while also gaining complete control and visibility over its procurement.

 

SoftCo P2P seamlessly integrates with the company’s existing ERP system allowing Renault’s finance team to centrally process AP invoices without the need for manual intervention. Procurement controls will also be put in place to ensure requisitions are raised and approved for all purchases based on pre-approved supplier catalogues.

 

“SoftCo will remove the manual touchpoints from our P2P process, ensure that suppliers are paid on time, and allow our finance team to focus on more strategic activities.”

 

Gerard Hendrick, Financial Controller,
Renault Ireland

 

 

 

SoftCo P2P is delivered on SoftCo10, the revolutionary finance automation platform which automates key financial processes that previously would have required multiple systems and multiple suppliers. The platform enables powerful P2P, AP, AR, supplier management, and financial reporting solutions with a common, simple, and intuitive user interface and fully integrated with a wide range of ERPs and finance applications.