SoftCo, the fast-growing global Procure-to-Pay (P2P) and Compliance technology company today announced that HMSHost, the world leader in food and beverage operations for travel, have selected SoftCo to automate and transform their Accounts Payable processes with SoftCoAP.
With more than 50 years of experience in airport restaurant management, design and development, HMSHost have operations in over 120 airports in the U.S., Canada, Europe, and Asia and more than 80 travel plazas throughout North America. HMSHost is part of the Italian-based Autogrill Group of companies, the world’s leading provider of food & beverage services for travellers. In 2021 Autogrill’s annual turnover was €2.6 billion.
HMSHost conducted an extensive analysis of the AP Automation market and have selected SoftCo to remove their inefficient manual AP process, decrease errors, reduce processing costs, and enable them to deliver on their business growth ambitions.
SoftCo will provide HMSHost with automated capture, processing, and approval of their 100,000 annual invoices. SoftCo Smart Coding and Smart Routing technology will enable non-PO invoices to be processed by automatically determining the correct routing and coding of these invoices. The SoftCo Vendor Portal will enable HMSHost vendors to submit invoices, directly while also giving them complete transparency and visibility on the status of their invoices. SoftCoAP will be fully integrated with the existing ERP system, Oracle PeopleSoft.
Anton Scott, CEO SoftCo Group, commented:
“SoftCo prides itself on our superior technology, ease of use, deep AP knowledge and market-leading touchless invoice processing and we are delighted that HMSHost have chosen us to transform their AP processes. We look forward to working with the team and adding HMSHost to our roster of forward-thinking customers.”
SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology delivers unrivalled straight through PO invoice processing rates of over 90%, ensuring industry leading ROI. With 33 years’ experience, SoftCo ranks highest in independent customer satisfaction surveys. Operating from the US, Finland, the UK and Ireland, SoftCo has over a million users worldwide with customers including PwC, Volkswagen, Primark, Logitech and the Finnish Government. SoftCo is ISO27001 certified, SOC and Katakri audited, a Microsoft Certified Partner, an AWS Advanced Technology Partner, and integrated with over 200 ERP systems.