SoftCo, the leading global Procure-to-Pay and Compliance technology company, are delighted to announce that Fred Olsen are implementing SoftCo’s next-generation SaaS solution. Fred. Olsen, who have been a customer of SoftCo for five years, are expanding their partnership further to avail of SoftCo’s industry- leading Machine Learning (AutoML) technology.

Fred. Olsen is an award-winning cruise line based in Suffolk, UK, who’s history dates back 175 years, where they operate best-in-class cruise experiences to over one hundred destinations worldwide, including every continent globally. As a result of their commitment to providing the most extensive experience for their customers, Fred, Olsen was recently named as the Favourite Ocean Cruise Line at the 2022 Wave Awards.

SoftCo’s P2P automation solution is leading the market in both performance and usability.  SoftCo’s smart technology, with unique AutoML, delivers unrivalled straight through processing rates of 90% for PO invoices.  The newest Smart Coding, Smart routing and exception handling functionality also incorporates machine learning delivering 89% faster processing of Non-PO invoices. Fred. Olsen will now benefit from 90% straight through processing for their 20,000 PO invoices, and 89% for their 10,000 Non-PO.

More and more customers around the world are choosing SoftCo driven by in-context demonstration, using their own data, which shows the power of SoftCo’s smart matching engine delivering unrivalled savings.  SoftCo also leads the way in customer satisfaction with industry leading NPS ratings. 

About SoftCo:

SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique AutoML delivers unrivalled straight through PO invoice processing rates of 90%, ensuring industry leading ROI. With 33 years’ experience, SoftCo ranks highest in independent customer satisfaction surveys. Operating from the US, Finland, the UK and Ireland, SoftCo has over a million users worldwide with customers including PwC, Volkswagen, Primark, Logitech and the Finnish Government. SoftCo is ISO27001 certified, SOC 1 & 2 and Katakri audited, a Microsoft Co-Sell Certified Partner, an AWS Advanced Technology Partner, and is integrated with over 200 ERP systems.