{"id":60492,"date":"2024-07-19T14:11:27","date_gmt":"2024-07-19T13:11:27","guid":{"rendered":"https:\/\/softco.com\/softco-smartconnect\/ai-powered-ap-automation-for-sap\/"},"modified":"2024-07-25T13:04:18","modified_gmt":"2024-07-25T12:04:18","slug":"ai-powered-ap-automation-for-sap","status":"publish","type":"page","link":"https:\/\/softco.com\/ie\/softco-smartconnect\/ai-powered-ap-automation-for-sap\/","title":{"rendered":"AI-Powered AP Automation for SAP"},"content":{"rendered":"\n
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AI-Powered AP
Automation for SAP<\/h2>\n\n\n\n

Take the pain out of invoice processing with SoftCoAP for SAP.
Optimize the potential of your SAP ERP with no IT headaches. SoftCoAP delivers 90% touchless invoice processing, seamlessly integrates with SAP S\/4 HANA, ECC and Business One, ensuring 100% control & visibility.<\/p>\n\n\n\n

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Struggling with long processing times, manual data entry and lack of visibility over AP? <\/strong><\/h3>\n\n\n\n

SoftCo provides SAP customers with AI-powered automation of their full AP process fully integrated with SAP ERPs.<\/strong><\/h3>\n<\/div>\n<\/div>\n\n\n\n
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Full Procure-to-Pay automation<\/div>
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SoftCo Procure-to-Pay<\/a> automates your entire finance process, from procurement to invoice automation and payment. A truly global software, SoftCoP2P handles multiple entities, currencies and languages. SoftCoP2P eliminates maverick spending and delivers efficiencies, cost savings and 100% visibility and control over the entire procurement process.<\/p>\n<\/div><\/div>\n\n\n\n

Seamless ERP integration<\/div>
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SoftCo SmartConnect<\/a> leverages the power of SAP Cloud Integration or SAP Process Orchestration for the integration of all required data in the AP process including Master Data (Vendors, GLs etc), Transaction Data and Payment data.<\/p>\n<\/div><\/div>\n\n\n\n

90% Straight-Through Processing<\/div>
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SoftCo’s Smart Match applies the latest in AI Technology to match even the most complicated scenarios, such as incomplete data, missing product codes, rounding issues and FX conversions. The dynamic matching engine handles 2-way and 3-way matching<\/a> to match invoice data to purchase orders and goods receipt notes. For recurring invoices, SoftCo automatically matches subscriptions, rent and utilities to the underlying contract PO. The Smart Matching engine matches at 3X the rate of standard matching engines. The result is 90% Touchless Invoice Processing rates. <\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n

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89% Faster Non-PO processing<\/div>
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SoftCo’s Smart Routing technology utilizes AI to determine the correct routing of invoices for approval, reducing the time taken to correctly route invoices by 89%. Advanced Exception Handling<\/a> provides users with clear reasons for any exceptional invoices, and guidance on how best to resolve it. Smart Coding analyzes previously coded invoices and can automatically apply the correct coding for new invoices with just one click. These innovative features significantly reduces reliance on AP team members and enables coding in seconds rather than minutes.<\/p>\n<\/div><\/div>\n\n\n\n

End-to-end supplier management<\/div>
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SoftCo Supplier Managemen<\/a>t delivers the benefits of working efficiently with preferred suppliers; purchasing is optimized, costs are reduced and administration eliminated. The SoftCo Supplier Management suite ensures the secure onboarding and maintenance of suppliers whilst also enabling suppliers to submit all invoices directly through the Portal as they receive purchase orders.<\/p>\n<\/div><\/div>\n\n\n\n

Real-time data insights<\/div>
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SoftCo Advanced Analytics<\/a> provides organizations with clear, actionable insights to improve productivity, manage spend and accelerate decision making. SoftCo goes beyond traditional analytics, delivering a comprehensive and intuitive experience that transforms your financial data into a strategic asset.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

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The Benefits of Integrating SoftCo with SAP<\/strong><\/h3>\n\n\n\n
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90% touchless invoice processing<\/h4>\n<\/div>\n\n\n\n
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Remove human
error<\/h4>\n<\/div>\n\n\n\n
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Leverage power of AI-driven automation<\/h4>\n<\/div>\n\n\n\n
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Complete spend transparency<\/h4>\n<\/div>\n<\/div>\n\n\n\n
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100% visibility of AP Process<\/h4>\n<\/div>\n\n\n\n
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Mitigate Fraud
Risks<\/h4>\n<\/div>\n\n\n\n
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Full Audit
Trails<\/h4>\n<\/div>\n\n\n\n
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Tighter cashflow control<\/h4>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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\u201cThe SoftCo product absolutely met all of the integration
expectations that we had.\u201d<\/strong><\/p>\nShawn Roberts, Sunny Delight Beverages Company<\/cite><\/blockquote>\n<\/div><\/div>\n\n\n\n

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How it works<\/strong><\/h3>\n\n\n\n

SoftCo SmartConnect leverages the power of SAP Cloud Integration or SAP Process Orchestration for the integration of all required data in the AP process including Master Data (Vendors, GLs etc), Transaction Data and Payment data.<\/p>\n\n\n\n

For more information, please contact us<\/a>. <\/p>\n<\/div>\n\n\n\n

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Meet some of our SAP Customers<\/h2>\n\n\n\n
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Speak to us today to see how combining SAP with SoftCo\u2019s \u2028market-leading AP automation will change your world!<\/h3>\n<\/div>\n\n\n\n
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