{"id":57189,"date":"2023-02-02T10:18:09","date_gmt":"2023-02-02T10:18:09","guid":{"rendered":"https:\/\/softco.com\/solutions\/softcopay\/"},"modified":"2024-04-02T15:47:15","modified_gmt":"2024-04-02T14:47:15","slug":"softcopay","status":"publish","type":"page","link":"https:\/\/softco.com\/uk\/solutions\/softcopay\/","title":{"rendered":"SoftCoPay"},"content":{"rendered":"\n
<\/span>\"SoftCo
\n
<\/div>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Simplify vendor payments and earn rebates<\/p>\n\n\n\n

<\/div>\n\n\n\n
\n
Let’s Get Started<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
\n
\n
\n

SoftCoPay<\/strong><\/span> transforms payments from a cost center to a profit center by optimizing payments, earning rebates*, reducing costs and mitigating payment risk. SoftCoPay, powered by Corpay, streamlines payments into a single easy to use workflow regardless of payment type (card, ACH, or check).<\/p>\n\n\n\n

Read<\/summary>

SoftCoPay provides a centralized, secure channel for all vendor payments through one single payment file. The seamless process, from receipt of invoice to vendor payment, delivers control and transparency with straightforward reconciliation through your ERP and a fully auditable payment process. SoftCoPay provides your organization with unrestricted access to cross-border payments, facilitating over 145 currencies in more than 200 countries. SoftCoPay provides complete control and visibility into vendor payments via comprehensive reporting through dedicated dashboards.<\/p><\/details>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n

Why SoftCoPay?<\/h2>\n<\/div><\/div>\n\n\n\n
\n
\n
\n
\"Cart<\/figure><\/div>\n\n\n

Largest Vendor Network<\/h4>\n\n\n\n

SoftCoPay provides access to an existing network of over 3.8 million vendors across all industry verticals that are ready to accept payments from SoftCoPay.<\/p>\n<\/div>\n\n\n\n

\n
\"Arrows<\/figure><\/div>\n\n\n

Bank and ERP Agnostic<\/h4>\n\n\n\n

SoftCoPay integrates seamlessly with your preferred bank and ERP, minimizing setup, saving you time and money.<\/p>\n<\/div>\n\n\n\n

\n
\"Economy<\/figure><\/div>\n\n\n

Cross-Border Payments<\/h4>\n\n\n\n

SoftCoPay customers can send payments in over 145 currencies to more than 200 countries worldwide.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

\n

How it Works<\/h2>\n\n\n\n
\n\n \n \"\"\n<\/picture>\n<\/figure>\n<\/div><\/div>\n\n\n\n
\n
\n

Benefits of SoftCoPay<\/h2>\n<\/div><\/div>\n\n\n\n
\n
\n
\n
\n
\"Community<\/figure>\n<\/div>\n\n\n\n
\n

Simplified Vendor Payments<\/h4>\n\n\n\n

Make payments, regardless of type, through one single payment file and an easy-to-use workflow.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\"capital<\/figure>\n<\/div>\n\n\n\n
\n

Unrestricted Cross-Border Payments<\/h4>\n\n\n\n

SoftCoPay customers can send payments in over 145 currencies to more than 200 countries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n
\"Document<\/figure>\n<\/div>\n\n\n\n
\n

Increased Efficiency<\/h4>\n\n\n\n

Streamline your payment process and remove manual errors to ensure accurate payments.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\"Lock<\/figure>\n<\/div>\n\n\n\n
\n

Enhanced Security and Fraud Mitigation<\/h4>\n\n\n\n

Fully encrypted automated payments, robust bank validation and country-specific payment validation tools.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n
\"Contract<\/figure>\n<\/div>\n\n\n\n
\n

Significantly Reduced Payment Transaction Costs<\/h4>\n\n\n\n

Lower your existing ACH and check payment costs and avail of industry-leading FX rates<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\"cost<\/figure>\n<\/div>\n\n\n\n
\n

Complete Payment Transparency<\/h4>\n\n\n\n

Gain 100% control and visibility of all payments through one single source of truth.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n
\"Economy<\/figure><\/div><\/div>\n\n\n\n
\n

Extensive Partner Network<\/h4>\n\n\n\n

SoftCoPay partners with more than 100 correspondent banks and counterparty trading institutions across 6 continents.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\"Economy<\/figure>\n<\/div>\n\n\n\n
\n

Powerful Real-time reporting<\/h4>\n\n\n\n

Maintain full visibility with detailed reporting on payments by type, vendor, frequency and KPI\u2019s.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n
\"Speed<\/figure><\/div><\/div>\n\n\n\n
\n

Accelerated International Cross-Border Payments<\/h4>\n\n\n\n

Process international \/ cross-border payments on the same-day with $0 wire fees for vendors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\"shaking<\/figure>\n<\/div>\n\n\n\n
\n

Improved Vendor Relations<\/h4>\n\n\n\n

Allow vendors to select their payment preference and ensure quick resolution of any vendor queries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

<\/span>\"Softco
\n
\n

\u201cI like how simple processing payments has become.
I have one payment weekly to prepare, no complicated
reconciling process, no stale checks to manage.”<\/p>\n<\/blockquote>\n\n\n\n

<\/p>\n\n\n

\n
\"\"<\/figure><\/div><\/div><\/div>\n\n\n\n
\n
\n
\n
\n
\n

Eliminate manual tasks and fully automate your payment processes through one single workflow for all payment types.<\/h4>\n\n\n\n
Read<\/summary>

Both domestic and international payments are revolutionized with SoftCoPay via one single channel. By delivering a single payment file, multiple manual processes are consolidated into one secure and efficient process, lowering costs and removing the risk of fraud and error. Vendor details are collected and validated for ACH payments<\/a>, while Positive Pay is used on all physical checks. All card payments are PCI compliant.<\/p><\/details>\n<\/div>\n\n\n\n

\n
\"Solutions<\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
\n
\n
\n
\"Solutions<\/figure>\n<\/div>\n\n\n\n
\n

Reduce costs, remove multiple payment routines, and eliminate human error associated with normal payment processes, while also earning rebates on US domestic payments.*<\/h4>\n\n\n\n
Read<\/summary>

SoftCoPay eliminates multiple payment routines and removes manual intervention while earning a rebate on virtual card payments. SoftCoPay, through our partners Corpay, has a network of over 3.8 million vendors and work to continuously move vendors from expensive check payments to more cost effective, faster digital payments that drives down your costs.<\/p><\/details>\n\n\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

\n
\n
\n

Improve vendor relations through a flexible, efficient, fully automated and accelerated payment process, while providing real-time visibility over the status of vendor payments.<\/h4>\n\n\n\n
Read<\/summary>

SoftCoPay delivers payments to vendors quickly and securely, regardless of the vendor\u2019s payment preference. The payment portal provides complete visibility of payment status and a history of all payment details. SoftCoPay ensure that any payment issues are resolved in a timely manner eliminating the involvement of your AP team.<\/p><\/details>\n<\/div>\n\n\n\n

\n
\"Solutions<\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
\n
\n
\n
\"Solutions<\/figure>\n<\/div>\n\n\n\n
\n

Make smarter decisions for your organization with 100% visibility over your payment process and improved access to critical data through dedicated dashboards.<\/h4>\n\n\n\n
Read<\/summary>

Real-time payment status means that each payment can be tracked and reconciled instantly. Dedicated SoftCoPay dashboards provide additional insights into the volume and value of payments made, by payment method and a detailed breakdown of payments by vendor, enabling you to make smarter decisions faster.<\/p><\/details>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

\n
\n
\n

Over 30 years of seamlessly integrating with 200+ ERP\u2019s from the industry\u2019s biggest names to bespoke finance systems.<\/h4>\n\n\n\n
Read<\/summary>

SoftCoPay integrates with your ERP using a standard payment file layout. All selected invoices for payment are delivered to SoftCoPay from your ERP and are tracked via the online portal with information on the payment status, payment remittance, as well as proof of payment once cleared.<\/p><\/details>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
\n
\n
<\/div>\n\n\n\n
<\/div>\n\n\n\n
<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SoftCoPay transforms payments from a cost center to a profit center by optimizing payments, earning rebates*,…<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":45466,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-57189","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/57189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/comments?post=57189"}],"version-history":[{"count":1,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/57189\/revisions"}],"predecessor-version":[{"id":58129,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/57189\/revisions\/58129"}],"up":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/45466"}],"wp:attachment":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/media?parent=57189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}