SoftCo, a leading global Procure-to-Pay (P2P) and Compliance technology company, are delighted to announce that Crown Agents Bank is implementing SoftCo’s next-generation SaaS solution. Crown Agents Bank have partnered with SoftCo for three years and are now expanding their SoftCoAP solution to benefit from the latest Automated Machine Learning (AutoML) technology.

Crown Agents Bank are a UK regulated provider of wholesale foreign exchange and cross border payments service that connects emerging and frontier markets to the rest of the world, using FX and payments technology. Crown Agents pride themselves on helping emerging markets overcome payments that are typically challenging, expensive and opaque with solutions that connect hard-to-reach regions to global financial infrastructure. Crown Agents’ mission is internationally recognized, winning multiple awards for Best FX Provider, Best FX Bank and Outstanding Digital Transformation in Payments, as well as multiple gold ratings for sustainability.

SoftCo’s P2P automation solution is leading the market in both performance and usability.  SoftCo’s smart technology, with unique AutoML, delivers best in class touchless processing rates of 90% for PO invoices. Smart Coding, Smart routing and exception handling incorporates machine learning to deliver 89% faster processing of Non-PO invoices. Crown Agents will now continue to benefit from SoftCo’s exciting next-generation SaaS solution to capture and automatically process their 10,000 invoices received annually, achieving unrivalled straight-through processing rates.

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.