The multinational retail and e-commerce business, provider of children’s toys and entertainment products, went live with SoftCo ExpressAP in June 2020, in order to automate the processing of their 10,000 annual invoices within their UK and Ireland operations.
Following a very successful go-live period, the solution has now been rolled out to their central European operations to facilitate the group’s growth in this region.
In 2019, Smyths Toys began their expansion into central Europe after completing the rebranding of the region’s former Toys R Us division. Today, Smyths Toys are operating 214 stores across Europe in Ireland, the UK, Germany, Switzerland and Austria.
By expanding their use of SoftCo ExpressAP, Smyths Toys will now be able to manage their AP process across their entire European and UK and Ireland operations.
Commenting on the success of the project so far and the expansion of SoftCo ExpressAP to their European operations, Smyths Toys Head of Finance, Mark Dinkin said:
“Following the success that we have seen through using SoftCo ExpressAP within our UK and Ireland operations, it made total sense to expand its use to our European operations. By automating our AP process with SoftCo, we have seen significant cost and time savings and the system’s cloud technology has enabled staff to log on and carry out their roles regardless of their location. This is particularly significant in times of remote working and with expansion into new markets.”
SoftCo delivers Smart Automation solutions that empower organizations to automate their procurement, invoice processing, and payment processes. SoftCo ExpressAP is built on the same powerful infrastructure as SoftCo’s enterprise solutions which are trusted by 1.5 million users globally in leading organizations such as the Finnish Government, Primark, SunnyD, and Alexander Wang.