Verified suppliers, managed across their lifecycle
Your supplier data is only as trustworthy as the process that governs it. SoftCo Supplier Lifecycle Management replaces emails, spreadsheets, and guesswork with a structured portal that collects, verifies, and manages supplier information across its lifecycle. Bank details confirmed before they reach your ERP. Changes controlled. Full audit trail from first request to ongoing updates.
countries with IBAN verification
full audit trail across every action
independently audited security certifications
Featured in the Gartner Magic Quadrant for AP Automation
The risk isn’t suppliers you know. It’s the data you haven’t checked.
Supplier fraud costs are climbing. The median loss per AP fraud case now sits at $120,000 (ACFE, 2024). But most exposure doesn't come from sophisticated attacks. It comes from the basics: bank details copied from an email, onboarding forms that nobody verifies, and suppliers trading before they're properly approved.
Manual data collection
Bank details arrive by email. Supplier information lives in shared spreadsheets. Someone copies it into the ERP manually. There's no structure, no control, and no way to know if something was missed.
Unverified supplier data
A supplier submits bank details. Your team accepts them. But does that account actually belong to that supplier? Without verification, you're trusting whatever is submitted and exposing every payment to risk.
Compliance gaps
No record of who captured the data, who approved it, or when. When auditors ask how you validated a supplier's bank details before payment, the answer shouldn't be "we checked the email."
Slow onboarding
Weeks of back-and-forth before a supplier is approved. Meanwhile, invoices arrive, work starts, and finance is left approving retrospectively. The process that's supposed to prevent risk becomes the bottleneck that creates it.
Collect it. Verify it. Then approve it.
Most supplier portals collect information. SoftCo verifies it. Before bank details reach your ERP, SoftCo checks the account is real, active, and owned by the supplier who submitted it. Bank account ownership verification in 11 countries. IBAN validation across 89. US tax ID checks against the IRS database. Verification runs automatically during approval. Results are cached for reviewers, with configurable expiry so checks stay current. Rejected and resubmitted requests are reverified automatically. Your team can trigger a manual check at any point. Without verification, you’re just collecting data and hoping it’s right.
Onboard, maintain, offboard. One governed process for each.
SLM covers the full supplier data lifecycle, not just onboarding. Each workflow follows a structured two-stage process: internal request and review, then supplier submission and approval. Both stages are optional, so the workflow adapts to what the task requires. Every action is audited.
Onboard with built-in verification
Raise a request. Collect supplier data through a structured form. Verify bank details and tax identifiers before approval. Every step is controlled, every decision audited.
Your rules. Your questions. Your approval logic.
Every organisation asks different things from its suppliers. SoftCo builds onboarding forms around your policies, risk thresholds, and compliance requirements. Conditional logic adapts the form in real time. High spend triggers additional questions. Supplier location routes to the right approver. Fields appear, hide, or become mandatory based on the answers given. SoftCo designs and governs the configuration. We know what works because we’ve built the workflows. Every form goes through full UAT sign-off before go-live. Versioning protects existing validations when updates are made. Without verification, you’re just collecting data and hoping it’s right.
Supplier data, verified and connected
SLM sits inside the SoftCo platform. That means verified supplier data flows into your AP automation and P2P workflows without re-keying or reconciliation. Your ERP stays the source of truth. SLM captures and verifies the data; your ERP stores it.
Verified data flows into AP
Supplier information verified in SLM feeds directly into your accounts payable workflow. Clean data in, clean payments out.
Full API for ERP integration
Pull approved supplier data into your ERP. Trigger workflows. Sync supplier numbers. Seven documented API use cases, from creating new supplier requests to refreshing existing records.
Compliance-ready from day one
Every action in SLM is logged: who uploaded what, when it was approved, and why. SOC2 Type II certified. ISO 27001 certified. NIS2 and DORA compliant.
White labelled supplier portal
Your logo. Your email templates. Your domain. Suppliers see your organisation, not ours. If a supplier works with more than one SoftCo customer, they use the same login across all of them.
Frequently askedquestions
SLM provides a full set of APIs that your ERP can use to trigger workflows, pull approved supplier data, sync supplier numbers, and more. Your ERP remains the source of truth for supplier data. SLM captures and verifies information; once approved, your ERP pulls it in. SLM does not push data outward.
See how SLM handles supplier onboarding
Verified data. Governed workflows. Connected to your AP and P2P ecosystem.
Trusted by finance teams. Recognised by analysts.
