SoftCo’s P2P Software automates eProcurement, Accounts Payable, Vendor Management, Payments & Compliance. We achieve unrivalled savings via our Smart Technology and unique AutoML Machine Learning, which is applied across all our solutions.
SoftCo delivers 90% straight-through processing for PO invoices and 89% faster processing of Non-PO invoices. We rank highest in independent customer satisfaction surveys and in the top 100th percentile for Security.
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Utilizing millions of real data from Industry, Operations, Organizations, and Suppliers, the SoftCo AutoML Machine Learning engine ‘learns’ and improves based on 250+ match ‘patterns’ and applies this automation to SoftCo Smart Matching models, including tolerance, aggregation, and confidence match criteria. In addition, the coding and routing of invoices are also optimized by AutoML based on continuous learned patterns.
Machine Learning (ML) is a game-changer in automating both PO and Non-PO invoicing, with full transparency and auditability. Manual invoice processing can cost $16 per invoice, whereas high automation that is driven by AutoML reduces processing costs by over 90%.
The results are unrivalled, and the savings are exceptional. SoftCo delivers 90% straight through processing for PO invoices and 89% faster processing of Non-PO invoices.
SoftCo is dedicated to acting responsibly with strong governance, to contributing to economic and community development, and to promoting a healthier lifestyle through sporting activities. Our innovative technologies are designed to reduce environmental impact by eliminating paper usage and promoting sustainable financial automation. We are proud of our diverse and inclusive workplace, and we actively support female entrepreneurship. Our governance is strong, guaranteeing full compliance with legal requirements in all regions we operate with full auditability. Visit our ESG page to learn more about our strategies, our progress, and how SoftCo are making a difference.
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