SoftCo Procure-to-Pay is a global solution that automates the entire finance process from procurement through invoice processing to payment. It handles multiple entities, currencies, and languages, eliminating maverick spending and delivering visibility and control over procurement. The platform processes PO and non-PO supplier invoices electronically—from data capture and match to invoice approval, exception handling, query management, and seamless integration to over 200 ERPs. Built with AutoML machine learning technology, it enables touchless automation and reduces manual intervention, achieving industry-leading touchless PO invoice processing and fast non-PO invoice handling. SoftCoPay then optimizes payments, turning payments from a cost center into a profit center by generating rebates, reducing costs, and mitigating payment risk.

The solution also offers streamlined vendor management, automotive coding via machine learning for faster, compliant non-PO processing, and a rapid, policy-compliant eProcurement workflow. With accelerated invoice routing, integrated contract compliance, and a single, auditable payment workflow, SoftCo Procure-to-Pay provides end-to-end financial process optimization, improves audit readiness, and strengthens the alignment between procurement and finance across the organization.

Features & Benefits

• Streamlined Vendor Management: Optimizes purchasing with vendors, gives online visibility of orders and invoices, and resolves queries quickly.
• Superior Smart Coding: Machine Learning codes invoices automatically by learning patterns from previously coded items.
• Agile and Efficient eProcurement: Electronic procurement for all spend categories, aligned with procurement policies.
• Accelerated Invoice Approval workflow: Machine-learning routing reduces approval routing time and speeds cycle times.
• Fully Integrated Contract Compliance: Integrates contracts with procurement and invoice matching, with expiry alerts and compliant archiving.
• Single Payment Workflow: Streamlines payments in a secure, auditable workflow from invoice receipt to vendor payment.
• Precise Invoice Data Capture: Captures invoice data from any format with high accuracy, improving processing times and reducing keystroke errors.
• Seamless ERP Integration: Secure, configurable cloud-based data exchange with ERP systems and over 200 ERP integrations.