SoftCo, the global provider of Procure-to-Pay (P2P) solutions, today announced that Snap-On, the US manufacturer of high-end tools and machinery, have chosen SoftCoAP to automate their Accounts Payable processes.
Founded in 1920, Snap-on Inc. is a leading global manufacturer and marketer of tools, equipment, and diagnostics for customers across various industries including vehicle repair, aerospace, agriculture, construction, and government. Headquartered in Kenosha, Wisconsin, Snap-On has operations in more than 130 countries, a workforce of 12,600 people worldwide and reported revenues of $4.25bn in 2021.
As part of its strategy to strengthen and modernize its financial processes, Snap-On commenced a global search for a best in class, scalable AP automation solution to revamp its accounts payable (AP) function. Following a competitive process Snap-On chose SoftCoAP to automate their 250,000 annual supplier invoices. SoftCo will provide Snap-On with end-to-end AP automation including automated capture, matching and approval which will remove previously high levels of manual keying and processing of invoices. SoftCo Dashboards will provide Snap-On complete visibility over their entire AP process and SoftCoAP will be fully integrated with Snap-On’s existing ERP, Infor LN.
Commenting, Anton Scott, CEO at SoftCo said:
“At SoftCo our DNA is AP. We pride ourselves on understanding our customers’ issues through our unique consultative approach. Our proven expertise in manufacturing and retail sectors enabled us to quickly understand Snap-On’s requirements and expectations and we look forward to working with the team and making this project a huge success.”
SoftCo are a fast growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s Smart Automation technology is Cloud based using the latest emerging technologies including Artificial Intelligence and Robotics and is transforming how companies manage their P2P processes, reducing costs and fighting fraud. Operating from offices in the US, Finland, UK and headquartered in Ireland, SoftCo has over a million users worldwide including PwC, Volkswagen, Primark, Sunny Delight and the Finnish Government. SoftCo are SOC and ISO27001 certified, a Microsoft Gold Partner, an AWS Advanced Technology Partner and the solutions are integrated with over 200 ERP systems.