04 August 2023
SoftCo, the fast-growing global Procure-to-Pay (P2P) and Compliance technology company, today announced that The Turner Company, the Texas-based manufacturer of precast concrete, has gone-live with its market leading Accounts Payable Automation solution, SoftCoAP.
From their two facilities, The Turner Company manufactures and supplies pre-cast concrete products including manholes, pipes, inlets, and storm structures to both contractors and municipalities in the Texas Triangle. Following the opening of the Lockhart plant, The Turner Co was experiencing significant double-digit growth and their existing manual AP process was not able to support this growth. They required a centralized solution which would fully automate the process, enable them to accelerate their month end, avail of high value discounts and provide them with the visibility and control they required.
SoftCoAP fully automates their AP process, encompassing capture, matching, coding, and approval. SoftCo delivers unparalleled touchless automation of all PO and Non-PO invoices by incorporating unique AutoML Machine Learning technology, minimizing the number of supplier invoices that require manual intervention. AutoML ensures that exception handling processing times are reduced by 89%. SoftCoAP is fully integrated with their existing ERP system, Titan 2.
About SoftCo:
SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique AutoML Machine Learning 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.
