“For companies who process over 50,000 invoices a year, SoftCo is a must have.”
SoftCo’s P2P Software automates eProcurement, Accounts Payable, Vendor Management, Payments & Compliance. We achieve unrivaled savings via our AI-Powered Smart Technology, which is applied across all our solutions.
SoftCo delivers 90% straight-through processing for PO invoices and 89% faster processing of Non-PO invoices. We rank highest in independent customer satisfaction surveys and in the top 100th percentile for Security.
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Utilizing millions of real data from Industry, Operations, Organizations, and Suppliers, the SoftCo Artificial Intelligence (AI) engine ‘learns’ and improves based on 250+ match ‘patterns’ and applies this automation to SoftCo Smart Matching models, including tolerance, aggregation, and confidence match criteria. SoftCo’s Smart Matching engine facilitates the automatic matching of POs against invoices, and the 3-Way Match incorporates Receipt-Based Matching against GRNs and BoLs.
The Smart Coding and Smart Routing of invoices, optimized by AI based on continuous learned patterns, and brings PO levels of automation to Non-PO invoices. SoftCo’s Smart Coding engine automatically codes Non-PO invoices with the click of a button, while Smart Routing directs payment to the correct cost center based on historical invoices.
The results are unrivaled, and the savings are exceptional. SoftCo delivers 90% straight through processing for PO invoices and 89% faster processing of Non-PO invoices.
SoftCo is dedicated to acting responsibly with strong governance, to contributing to economic and community development, and to promoting a healthier lifestyle through sporting activities. Our innovative technologies are designed to reduce environmental impact by eliminating paper usage and promoting sustainable financial automation. We are proud of our diverse and inclusive workplace, and we actively support female entrepreneurship. Our governance is strong, guaranteeing full compliance with legal requirements in all regions we operate with full auditability. Visit our ESG page to learn more about our strategies, our progress, and how SoftCo are making a difference.
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