Martignetti have chosen SoftCoAP to automate their Accounts Payable process including:
- Automation of their 60,000 annual invoices with market leading AutoML Matching to deliver the highest touchless invoice processing rates.
- Smart Coding and Routing to accelerate the processing of non-PO invoices by 89%.
- Seamless integration with Martignetti’s existing ERP, Microsoft Dynamics F&O.
SoftCo, the fast-growing global Procure-to-Pay (P2P) and Compliance technology company, today announced that Martignetti Companies, the sixth largest distributor of wines & spirits in the United States, has chosen SoftCo to automate their complete Accounts Payable process.
Established in 1908 in Boston’s North End, the family-owned grocery business has grown to become the leading distributor of wine and spirits in New England and the 6th largest in the country with operations in Massachusetts, Rhode Island, New Hampshire, Vermont, and Maine.
Martignetti required a best-of-breed solution which would fully automate their 60,000 complex invoices, provide them with the highest percentage of straight through processing, reduce the amount of time taken to process non-PO invoices, provide control and visibility, and ensure that they accurately allocate costs to determine the true landed costs of goods.
SoftCo will provide Martignetti with end-to-end Accounts Payable automation including automated capture, matching and approval of their 60,000 annual invoices. SoftCo delivers unparalleled touchless automation of all PO and Non-PO invoices by incorporating unique Automated Machine Learning (AutoML) technology, minimizing the number of supplier invoices that require manual intervention. AutoML ensures that exception handling processing times are reduced by 89%.
SoftCo is Microsoft Co-Sell Ready Partner with an out-of-the-box integration ensuring that the data flow between SoftCoAP and Martignetti’s ERP Dynamics Finance & Operations is seamless with the highest level of security and reliability. SoftCoAP is available on the Azure Marketplace for Business Central and Finance & Operations.
SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique AutoML Machine Learning 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.