Advanced Analytics

SoftCo Advanced Analytics provides organisations with clear, actionable insights to improve productivity, manage spend and accelerate decision making. SoftCo goes beyond traditional analytics, delivering a comprehensive and intuitive experience that transforms your financial data into a strategic asset.

The SoftCo Analytics suite comprises AP Metrics, Operations, Finance and Payment Practice Performance Analytics. These reports have been designed to provide you with a deep understanding into all areas of your P2P process, tracking key trends to provide management with vital insights required to manage costs, performance, and improve operational efficiency. Each report allows you to use filters to drill down to the most granular detail. The same data that powers SoftCo Analytics can also be made available to your business’ BI tool of choice, allowing you to create your own reports.

Complete Spend Management Control

Quickly identify
bottlenecks in AP process

Measure productivity and efficiency gains

“SoftCoP2P provides Primark with complete visibility, significantly reduced manual workload and a 1 year return on investment.”

SoftCo AP Metrics gives you a detailed view of every element which impacts touchless invoice processing, from capture through to payment. With a detailed view of each step, AP Metrics identifies the specific areas to focus on to gain the highest levels of straight through processing.

Operations Analytics provides in-depth view of invoice processing times and highlights areas to focus on to improve processing rates including invoice rejections by vendor, organisation, category and reasons.

Finance Analytics offer unparalleled clarity into spend under control, payments made to suppliers, top supplier trends and in-depth invoice payment history KPIs. Business users can drill-down further, filtering information by date, supplier, and organisation.

Payment Practice Performance Analytics provides organisations with the data required to easily compile and submit reports in line with UK Government Regulations. Payment Practice Performance Analytics offers insights into key metrics, such as the average days from invoice receipt to payment, percentage of payments outside agreed terms, and detailed payment timelines.

Next Webinar

3 Metrics to Consider Before Investing in AP Automation

Date: Wednesday, November 13th, 2024

In this webinar, discover the key metrics to assess your current AP process, estimate ROI, and align automation with your organization's goals. Perfect for those new to or refining their automation approach.

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