SoftCo, the fast growing global Procure-to-Pay (P2P) and Compliance technology company today announced that HMSHost, a world leader in the food and hospitality industry, has gone live with its market leading Accounts Payable Automation solution, SoftCoAP.
With more than 50 years’ experience in airport restaurant management, design and development, HMSHost has operations in over 120 airports in U.S., Canada, Europe, and Asia and more than 80 travel plazas throughout North America. HMSHost is part of the Italian-based Autogrill Group of companies, the world’s leading provider of food & beverage services for travelers.
After conducting a thorough review of the AP Automation market, HMSHost chose SoftCoAP. SoftCo now provides HMSHost with fully automated capture, coding, routing and approval of all invoices. SoftCo delivers unparalleled automation of invoices by incorporating unique Automated Machine Learning (AutoML) technology, minimizing the number of supplier invoices that require manual intervention and reducing processing time by 89%. SoftCo Vendor Portal will enable HMSHost vendors to submit invoices directly while also giving them complete transparency and visibility on the status of their invoices. SoftCoAP will be fully integrated with the existing ERP system, Oracle People Soft.
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.