Superdry’s AP process was heavily manual, leading to inefficiencies in invoice processing and matching, with limited use of purchase orders. This created a lack of spending visibility and placed considerable strain on the Accounts Payable team. Delayed invoice payments and the inability to provide effective reporting further complicated the perception and performance of the AP team.
SoftCo have revolutionized Superdry’s AP process. By automating their invoice process, SoftCoAP has enabled Superdry to reduce the manual effort previously required in invoice processing, improved the creation and use of purchase orders for better spend visibility and enhanced the communication methods with suppliers, allowing for a smoother transaction process.
The implementation of SoftCo’s solution led to several key benefits:
Industry: | Retail Fashion |
Solution: | Accounts Payable Automation |
Regions: | Worldwide |
Employees: | 3,500+ |
Invoices: | 30,000 per annum |
ERP System: | Coda Financials |
Founded by James Holder and Julian Dunkerton in 2003, Superdry operates through 740 Superdry branded stores in more than 60 countries, employing almost 4,000 people and recorded revenues of more than $700m in 2021.
“I would recommend SoftCo purely by the way that they have delivered on everything that they’ve promised. We’ve been able to also hit our targets with the automation solution that they’ve delivered for us”
Martin Ray, Accounts Payable Manager