SoftCo AP Automation

SoftCo AP Automation manages the accounts payable process, streamlining tasks from electronic invoice capture and matching to approval and query handling. SoftCoAP incorporates AI and adaptive learning technologies to minimize the number of supplier invoices that require manual intervention.

SoftCo Key Features

• Supplier Relationship Management: Onboard, manage, and communicate with suppliers via an easy-to-use portal.
• Invoice Data Capture: Capture and store all paper, PDF, and electronic invoices in one place.
• Invoice Matching: Automatically match invoices against POs, goods receipt notes, and master data.
• Touchless Invoice Processing: Smart matching technology addresses even the most complex scenarios for 80% STP.
• Invoice Approval Workflow: Flag non-PO or exception invoices to AP for coding and route to the relevant approver.
• ERP Integration: Seamlessly integrate with 200+ ERPs to hand over approved invoices for payment.
• Spend Analytics: Maintain full visibility with detailed spend, accruals, budget, and KPI reporting.
• Surcharge Handling: Capture, validate, and account for surcharges to ensure transparency and accuracy over the true costs of goods and materials.
• SoftCoPay grants access to a network of over 3.8 million vendors in various industries who can readily accept payments via SoftCoPay.
• Earn attractive monthly rebates for vendor payments made by virtual card.
• Certified: SoftCo are SOC & ISO 27001 Certified.

Pricing Details

Please contact SoftCo directly to get detailed pricing. The tiered Pricing Model is based on annual invoice volume levels starting at 15,000 invoices per annum.

Benefits

• Precise Invoice Data Capture: Eliminate paper and fully automate the invoice data capture process.
• Accelerated Exceptions and Query Handling: Handle all invoice exceptions and queries in one place.
• Unrivalled Invoice Matching: Efficiently match PO invoices to orders and deliveries.
• Intelligent Invoice Approval Workflow: Fully automate invoice approval process.
• Easy On-the-Go approval: Approve invoices via email or the SoftCo App.
• Seamless Management of Recurring Contracts: Validate invoices against subscriptions/contracts.
• Simple ERP Integration: Seamlessly integrate with any ERP system to hand over approved invoices for payment.
• Real-time reporting/AI Analytics: Maintain full visibility with detailed spend, accruals, budget, and KPI reporting.

Video Overview