SoftCo Accounts Payable Automation is an advanced solution designed to streamline and digitize the entire accounts payable process for organizations. Leveraging AI and Machine Learning, the platform automates the capture, matching, approval, and payment of both PO and non-PO supplier invoices. Its smart matching technology achieves over 90% straight-through processing, minimizing manual intervention and reducing processing costs by up to 89%. The system handles complex invoice scenarios, automates surcharge allocation, and accelerates exception management. Users benefit from real-time AP insights via built-in AI analytics, simplified vendor payments, and seamless integration with over 200 ERP systems. The solution also supports mobile approvals, recurring invoice validation, and robust fraud prevention controls. With configurable workflows and machine learning-powered coding and routing, SoftCo AP Automation enables organizations to improve audit readiness, enhance transparency, and free AP staff to focus on value-adding activities.

Features & Benefits

• AI-Powered Invoice Matching: Automates matching of PO and non-PO invoices, achieving 90%+ straight-through processing and reducing manual workload.
• Smart Coding & Routing: Utilizes machine learning to automatically code and route invoices for approval, accelerating processing and minimizing errors.
• Real-Time AP Insights: Provides instant access to invoice data and analytics through built-in AI tools for better decision-making and spend visibility.
• Seamless ERP Integration: Integrates with over 200 ERP systems, ensuring smooth data transfer and compatibility with existing financial infrastructure.
• Fraud Prevention & Payment Optimization: Implements real-time risk assessment and optimizes payments to reduce costs and mitigate risks.