SoftCo Solutions 1
Ensure full spend visibility & control
Automate vendor invoice processing
Eliminate direct billing & claims costs
Manage documents efficiently & compliantly
With 25 years’ experience across all industry sectors, SoftCo is a global developer of finance process automation, enterprise content management, and cloud solutions. SoftCo’s market-leading technology enables organizations to remove inefficiencies within their core business processes, achieving greater productivity, reducing costs, meeting compliance requirements, and streamlining business processes. All SoftCo solutions are available on-premise or via the cloud.
SoftCo P2P automates the process from procurement to invoice automation and payment posting to the organization’s financial or ERP system. Elimination of manual and duplicate processes provides visibility and control over corporate spend and accruals for month end closing. Cost savings of up to 80% is achieved through the reduction in invoice processing time combined with automated matching and exception handling. Organizations can achieve optimised pricing from preferred vendors and improve vendor relationships. SoftCo’s analytics provide organization metrics and reports for visibility and process efficiency.
SoftCo AP Automation processes vendor invoices electronically from capture and matching, to invoice approval, and query management. AP Automation replaces manual, paper-based processes and spreadsheets, and removes time-consuming and costly tasks such as; photocopying, re-printing, stamping, filing, and rescanning. AP Automation manages all invoices, ensures appropriate approval, and prevents duplicate payments. Through SoftCo Portal, buyer-vendor communication is optimized; management can deal with vendor queries quickly and with ease, allowing queries to be settled faster and discounts from approved vendors to be obtained.
SoftCo AR eInvoicing enables organizations to deliver legally compliant, digitally-signed invoices electronically to their customers. AR eInvoicing provides a flexible solution for billing customers, allowing them to make the transition from paper-based billing to e-invoicing when they are ready. Customer experience is optimized using SoftCo Portal which allows customers to access their billing information online, allowing queries to be settled faster, and reducing the propensity of customers to log calls with support. AR eInvoicing reduces the cost per invoice by removing the need for paper, print, postage, and manual intervention, providing measurable return on investment.
SoftCo Enterprise Content Management (ECM) provides capture, document, and workflow management to automate a wide range of processes within organizations. SoftCo solutions can be delivered on-premise or on-demand, via the cloud. As SoftCo is a partner of Amazon Web Services and is fully ISO27001 compliant, document delivery is accessible 24/7, and storage and archival is conformant to business and regulatory requirements. SoftCo Connect seamlessly integrates SoftCo ECM with all finance systems, databases, and line-of-business applications.