Mediolanum required full visibility over the purchase-to-pay process and the replacement of manual invoice processing. The finance department needed a more efficient way of handling invoice and payment queries. The time taken to process an invoice was lengthy, affecting month-end close and accruals.
SoftCo AP captures, automatically routes, and compliantly archives invoices and supporting financial documents, including purchase orders and credit notes. Delivered via SoftCo’s ISO 27001-certified cloud platform, it enables instant online access to documents while delivering strict compliance requirements.
Mediolanum has removed unproductive manual invoice processing tasks and has been delivering increased efficiencies across the finance department. The AP team has full visibility and control over every stage of the payment cycle, resulting in time savings and cost reductions. The company can now handle invoice queries and settlements in a much more timely manner.