We are delighted to announce that SoftCo has been named “Major Player” in the 2024 IDC Accounts Payable MarketScape report. This prestigious recognition validates our innovative approach and commitment to excellence in Accounts Payable Invoice Automation (APIA).

“Our inclusion as a Major Player by IDC highlights our dedication to providing cutting-edge AI-powered solutions that fully automate the accounts payable process,” said Anton Scott, CEO of SoftCo. “We are incredibly proud of our team’s hard work and relentless focus on delivering exceptional value to the growing number of forward-thinking customers who choose SoftCoAP.”

SoftCo’s industry leading AI automation platform, SoftCoAI+,  leads the market delivering a 90% straight-through processing rate. These capabilities align with the business impact of APIA solutions, which significantly reduce the effort and cost required to receive and approve invoices for payment. Additional benefits that SoftCoAP brings include its ability and track record of integrating with multiple ERP’s and the complex requirements of its customers.

To find out more, visit SoftCo.com or to download a copy of the report visit IDC

About SoftCo:

SoftCo is a fast-growing global Procure-to-Pay (P2P) and Accounts Payable (AP) Automation technology company. SoftCo’s AI-powered automation technology delivers unrivalled straight through processing rates, ensuring industry leading ROI. Operating from the US, Finland, the UK, and Ireland, SoftCo has over a million users worldwide with customers including PwC, Snap-on, 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.

About IDC MarketScape:

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of technology and suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. The Capabilities score measures supplier product, go-to-market and business execution in the short-term. The Strategy score measures alignment of supplier strategies with customer requirements in a 3-5-year timeframe. Supplier market share is represented by the size of the icons.