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Advanced Analytics

Unlocking the value of P2P data with actionable insights.

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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.

The SoftCo Analytics suite comprises AP Metrics, Operations, Finance and Payment Performance Analytics. These reports have been designed to provide you with a deep understanding into all areas of your P2P process, tracking key trends to provide management with vital insights required to manage costs, performance, and improve operational efficiency. Each report allows you to use filters to drill down to the most granular detail. The same data that powers SoftCo Analytics can also be made available to your business’ BI tool of choice, allowing you to create your own reports.

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Complete Spend Management Control

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Quickly identify
bottlenecks in AP process

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Measure productivity and efficiency gains

“SoftCoP2P provides Primark with complete visibility, significantly reduced manual workload and a one year return on investment.”

SoftCo AP Metrics gives you a detailed view of every element impacting your touchless invoice processing, from capture through to payment. With a comprehensive view of each stage, AP Metrics identifies the specific areas to focus on to gain the highest levels of straight through processing.

SoftCo AP Metrics
SoftCo Operations Analytics

Operations Analytics present an in-depth view of invoice processing times and highlights areas to focus on to improve processing rates including invoice rejections by vendor, organization, category and reasons.

Finance Analytics offer unparalleled clarity into spend under control, payments made to suppliers, top supplier trends and in-depth invoice payment history KPIs. Business users can drill-down further, filtering information by date, supplier, and organization.

SoftCo Finance Analytics

Payment Performance Analytics provides business firms with insights into key vendor payment metrics. Detailed trend analysis covers average days from invoice receipt to payment, the percentage of payments both within & outside of agreed terms, and the ability to drill down into payment timelines.

Next Webinar

How AI is Redefining the Role of Accounts Payable

Date: Tuesday, November 26th, 2024

In this webinar, we go beyond the hype and the fear of AI. We show you how AI is not about replacing jobs, but empowering AP teams to work smarter and focus on what truly matters.

Register

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