SoftCo Procure-to-Pay automates your entire finance process, from procurement to invoice automation and payment. A truly global software, SoftCoP2P handles multiple entities, currencies and languages. SoftCoP2P eliminates maverick spending and delivers efficiencies, cost savings and 100% visibility and control over the entire procurement process.

SoftCo SmartConnect leverages the power of SAP Cloud Integration or SAP Process Orchestration for the integration of all required data in the AP process including Master Data (Vendors, GLs etc), Transaction Data and Payment data.

SoftCo’s Smart Matching engine applies AI technology to even the most complicated matching scenarios, such as incomplete data, missing product codes, rounding issues and FX conversions. The dynamic matching engine handles 2-way and 3-way matching to match invoice data to purchase orders and goods receipt notes. For recurring invoices, SoftCo automatically matches subscriptions, rent and utilities to the underlying contract PO. The Smart Matching engine matches at 3x the rate of standard matching engines. The result is 90% Touchless Invoice Processing rates.

SoftCo’s Smart Routing technology utilizes AI to determine the correct routing of invoices for approval, reducing the time taken to correctly route invoices by 89%. Advanced Exception Handling provides users with clear reasons for any exceptional invoices, and guidance on how best to resolve it. Smart Coding analyzes previously coded invoices and can automatically apply the correct coding for new invoices with just one click. These innovative features significantly reduces reliance on AP team members and enables coding in seconds rather than minutes.

SoftCo Vendor Management delivers the benefits of working efficiently with preferred suppliers; purchasing is optimized, costs are reduced and administration eliminated. The SoftCo Vendor Management suite ensures the secure onboarding and maintenance of vendors whilst also enabling vendors to submit all invoices directly through the Portal as they receive purchase orders.

SoftCo Advanced Analytics provides organizations with clear, actionable insights to improve productivity, manage spend and accelerate decision making. SoftCo goes beyond traditional analytics, delivering a comprehensive and intuitive experience that transforms your financial data into a strategic asset.