Accounts Payable Automation for Organizations who process more than 20,000 invoices per annum.
SoftCo Accounts Payable Automation processes all PO and non-PO invoices electronically from AI-powered capture and AI Matching through to invoice approval, query management, and payment. SoftCoAP delivers market-leading touchless automation by embedding AI across matching, coding, routing, and exception handling to minimize the number of supplier invoices requiring manual intervention, accelerating cycle times while maintaining full control and auditability.
Key Benefits:
processes all PO and non-PO invoices electronically from AI-powered capture and AI Matching through to invoice approval and query management. SoftCoAP delivers market-leading touchless automation by embedding AI across matching, coding, routing, and exception handling to minimize manual intervention. The result is up to 89% processing savings. With over 30 years’ experience, SoftCo consistently ranks highly in independent customer satisfaction surveys. Operating across the US, Finland, the UK, and Ireland, SoftCo supports more than one million users worldwide, including PwC, Snap-on, Volkswagen, Primark, Logitech, Sunny Delight, and the Finnish Government. SoftCo is SOC 1 & 2, ISO 27001, and SAHKE2 certified.
All invoice data is captured using AI-powered invoice capture technology. The AI Matching engine aligns invoice data with purchase orders and goods receipt notes, handling complex scenarios such as incomplete data, missing product codes, rounding issues, and FX conversions. This delivers up to a 38% improvement in match rates compared to traditional matching approaches.
AI Coding analyzes previously coded invoices and automatically applies the correct coding for new invoices, reducing reliance on AP team knowledge and delivering coding in seconds. AI Routing determines the optimal approval path, reducing routing time by up to 89%, while a built-in, context-aware AI Assistant helps users understand exceptions, answer questions, and take the right action faster within the workflow.
SoftCoAP assigns non-PO invoices to general ledger and cost centers using vendor-based posting templates. Recurring invoices such as rent, utilities, and subscriptions are automatically matched and routed for approval without the need for supporting POs or GRNs.
SoftCoAP incorporates AI-powered fraud detection to deliver continuous, real-time risk monitoring. Interactive dashboards provide visibility into processing performance, exception trends, and operational KPIs, while SoftCo Advanced Analytics delivers actionable insights to help finance leaders manage costs, efficiency, and control.
Requirements:
Price:
Contact SoftCo for Pricing Information
Integration Approved Countries:
United Kingdom; United States
About:
SoftCo is a fast-growing global Procure-to-Pay and Accounts Payable automation provider. SoftCo’s AI-powered platform delivers market-leading straight-through invoice processing rates of over 90%, driving measurable ROI and cost reduction for finance teams. With more than 30 years of experience, SoftCo consistently ranks highly in independent customer satisfaction surveys. Operating across the US, Finland, the UK, and Ireland, SoftCo supports over one million users worldwide, including PwC, Volkswagen, Primark, Sunny Delight, and the Finnish Government. SoftCo is SOC and ISO 27001 certified, a Sage Intacct partner, an AWS Advanced Technology Partner, and integrates seamlessly with over 200 ERP systems.