SoftCo, leading providers of global Procure-To-Pay and Compliance technology, are proud to announce that Martignetti Companies, one of the largest distributors of wine and spirits in the United States, has gone live with the innovative SoftCoAP solution.
Martignetti Companies were established in 1908 in Boston and rapidly grew to become the leading distributor of wine and spirits in New England and the 6th largest overall in the country with operations in Massachusetts, Rhode Island, New Hampshire, Vermont and Maine. The increased scalability of Martignetti’s operations meant that they required a best-in-class Accounts Payable automation solution to handle their 60,000 complex invoices, and SoftCo are delighted to to provide a market-leading solution for Martignetti.
Utilizing the innovative SoftCoAP platform, Martignetti will now benefit from the industry leading 90% Straight-Through Processing through the use of AutoML machine learning matching technology, delivering significant time and cost reductions for the company. In addition, the use of Smart Routing and Smart Coding achieves unrivalled 89% faster processing times for non-PO invoices. As SoftCo are a Microsoft Co-Sell Partner, Martignetti were able to seamlessly transact SoftCoAP directly through the Microsoft Azure Marketplace.
About SoftCo:
SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique AutoML delivers unrivalled straight through PO invoice processing rates of 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 1 & 2 and Katakri audited, a Microsoft Co-Sell Certified Partner, an AWS Advanced Technology Partner, and is integrated with over 200 ERP systems.
