SoftCo, the leading global Procure-to-Pay (P2P) and Compliance technology company, today announced that Toolstation, the multi-channel retailers of tools and building materials, have expanded their commitment to SoftCoAP.
Toolstation are leading providers of tools and building materials, with over 550 stores across the UK, employing over 5000 employees. As one of the UK’s fastest growing suppliers of trade materials, their experienced management team keeps costs low to ensure fair prices on trade products for their customer base.
Going live on the latest SaaS SoftCoAP automation, Toolstation will now benefit from enhanced, industry-leading 90% Touchless Processing rates, thanks to SoftCoAP’s Smart Capture and Smart Match technology. AI-Driven AutoML Smart Coding and Smart Routing work in tandem to provide 89% faster processing of Non-PO invoices, which will result in overall 80% lower processing costs for Toolstation.
About SoftCo
SoftCo is a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology with unique Automated Machine Learning (AutoML) delivers unrivalled straight through invoice processing rates of 90%, ensuring industry leading ROI. With 34 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 audited, a Microsoft IP Co-Sell Certified Partner, an AWS Advanced Technology Partner, and is integrated with over 200 ERP systems.
