SoftCo, the leading global Procure-to-Pay (P2P) and Compliance technology company, today announced that Mini-Circuits, the world’s preferred supplier of RF/Microwave Products, have gone live with SoftCoAP.

Mini-Circuits, headquartered in New York, are global leaders in the design, manufacture and distribution of RF and microwave components. With over 30 locations globally, Mini-Circuits products are widely used in commercial, industrial and military applications and are the preferred supplier to over 20,000 customers worldwide.

Mini-Circuits chose SoftCoAP to fully automate the processing of their 25,000 invoices received annually. Manual processing was causing Mini-Circuits challenges such as late payments, slow processing times, and a lack of control and visibility over spend.

Now live on the latest SaaS SoftCoAP platform, Mini-Circuits will benefit from SoftCo’s AutoML Smart Matching technology, incorporating Receipt Based Matching, enabling 90% touchless processing of all PO invoices. The innovative Smart Coding and Smart Routing technology will allow for Non-PO invoices to be processed 89% faster than before, resulting in significant time and cost savings for Mini-Circuits. SoftCoAP is seamlessly integrated with their existing ERP system, Infor XA.

About SoftCo

SoftCo is a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique Automated Machine Learning (AutoML) delivers unrivalled straight through invoice processing rates of 90%, ensuring industry leading ROI. With 34 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 audited, a Microsoft IP Co-Sell Certified Partner, an AWS Advanced Technology Partner, and is integrated with over 200 ERP systems.