SoftCo, the fast-growing global Procure-to-Pay (P2P) and Compliance technology company, is delighted to announce the successful rollout of its Accounts Payable Automation solution with Snap-on, the leading US manufacturer of high-end tools and machinery.
SoftCo are providing Snap-on with end-to-end AP automation, including automated capture, matching and approval for their 250,000+ annual supplier invoices, while SoftCo Analytics will provide Snap-on with complete visibility over their entire AP process. Snap-on recognized that SoftCo’s multi-instance platform provided them with the most secure yet flexible AP Automation solution on the market and would deliver them the highest STP rates possible.
Headquartered in Kenosha, Wisconsin, Snap-on, manufacture and market high-end tools and equipment for professional use in the transportation industry including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. With operations in more than 130 countries, a workforce of 12,600 people worldwide, Snap-on reported revenues of $4.25bn in 2021.
SoftCoAP is integrated seamlessly with Snap-on’s existing ERP, Infor LN.
Commenting on the implementation, Connie Cameron, Director of Treasury Operations Snap-on said:
“The SoftCo project has been one of the best implementations we have experienced. They were able to understand our complex company structure and guide us with a solution to make invoice processing more efficient.”
Anton Scott, CEO SoftCo Group added:
“We are thrilled to see Snap-on “go-live” with SoftCoAP. Our next gen platform is leading the market in smart automation and security and we look forward to seeing Snap-on reap the real-world benefits of our market-leading technology.”
SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology delivers unrivalled straight through PO invoice processing rates of over 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 and Katakri audited, a Microsoft Certified Partner, an AWS Advanced Technology Partner, and integrated with over 200 ERP systems.