Gain visibility and control over your entire procure-to-pay process
SoftCo Supplier Relationship Management enables procurement and AP teams to establish and maintain a strong supplier base. Organizations can onboard, manage, and communicate with suppliers via an easy-to-use portal.
SoftCo’s e-Procurement platform offers the purchaser everything that they need to buy compliantly, only from preferred suppliers, and without any friction. Organizations can control spend by purchasing compliantly from pre-approved suppliers.
Easily capture and store all paper, PDF, and electronic invoices in one place. Capturing the data into electronic format reduces the risk of human error and time spent processing invoices.
SoftCo automates 2 or 3-way invoice matching against POs, goods receipt notes, and master data delivering up to 80% straight-through processing of invoices. Exceptions and duplicate invoices are flagged ensuring that duplicate payments do not occur.
SoftCo Invoice Approval Workflows ensure that invoices are processed according to your organization’s pre-configured approval matrix and hierarchy. Exception invoices are automatically sent to authorized approvers for verification.
SoftCo Procure-to-Pay integrates seamlessly with all major finance systems, databases, and ERP systems. ERP integration results in increased processing speed, full visibility, and the provision of accurate data for better reporting and decision-making.
SoftCo gives finance leaders full control and visibility over the entire P2P process. Management can maintain full visibility with detailed spend, accruals, budget, and KPI reporting on procurement, accounts payable, and supplier management progress.
SoftCo’s Smart Automation solutions automate Procure-to-Pay, Accounts Payable, Vendor Management, eBilling and Contract Management processes. Reducing costs, increasing efficiencies and delivering an intuitive user experience across all devices. SoftCo Compliant Archive is SÄHKE2 and ISO 27001 certified, meets all compliance obligations and effectively manages all organization data.