SoftCo, leading providers of international Procure-To-Pay and Compliance software, are delighted to announce that Austin Powder, industry leaders in explosives manufacturing and blasting services, have gone live with the newest, cutting edge SoftCoAP technology.
Founded in 1833, Austin Powder is one of the oldest manufacturers of explosives in the world, and are industry leaders in technical & blasting services, employing over 4,500 people worldwide and serving customers across the Americas, Europe, Asia and Africa through over 50 entities in the United States and Canada.
Austin Powder chose SoftCoAP to reinvigorate their Accounts Payable automation, benefiting from smart matching, increased visibility and exception handling. Previously, Austin Powder had implemented a solution that only captured invoices, leading to continued manual processing, which slowed the productivity of their 100 business users. Austin Powder’s old solution struggled to scale with the business, including the handling of multiple currencies.
Using the next-generation SoftCoAP SaaS platform, Austin Powder now benefit from unparalleled touchless processing automation of their 85,000 annual invoices. SoftCoAP’s Smart Matching, Smart Coding and exception handling ensures faster processing of their 55,000 Non-PO invoices, whilst delivering unrivalled touchless automation for their 30,000 PO invoices.
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.
