09 October 2023

• SoftCoAP will automate Mini-Circuits’ complex Account Payable process though market leading Automated Machine Learning (AutoML) Matching, delivering the highest touchless invoice processing rates.
• SoftCo SmartConnect will seamlessly integrate Mini-Circuits’ existing ERP, Info XA with SoftCoAP.
• Key factors in Mini-Circuits’ decision included SoftCo’s superior Smart Matching engine, exception handling capabilities and SoftCo Advanced Analytics.

SoftCo, the fast-growing global Procure-to-Pay (P2P) and Compliance technology company, today announced that Mini-Circuits has joined the growing number of forward-thinking organizations choosing SoftCo to automate their Accounts Payable process.

Headquartered in Brooklyn, New York, Mini-Circuits is a global leader in the design, manufacture, and distribution of RF and microwave components. With over 30 locations globally, Mini-Circuits products are used widely in commercial, industrial, and military applications.

Mini-Circuits had been processing their 25,000 annual invoices manually which resulted in several issues, including paying vendors late and a lack of control & visibility over their spend. Mini-Circuits required a best-of-breed solution to automate their entire process.

SoftCo were selected by Mini-Circuits following an extensive market evaluation process.  SoftCoAP will automatically capture, match and approve both their PO and non-PO invoices. SoftCo’s AutoML Smart Matching Engine will ensure that Mini-Circuits achieves industry-leading Straight Through Processing rates on their PO invoices, while their non-PO invoices will be processed 90% faster with SoftCo Smart Coding & Routing technology. SoftCo Advanced Analytics will enhance Mini-Circuits’ spend controls by providing complete visibility and control. SoftCoAP will be fully integrated with their existing ERP system, Infor XA.

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.