Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
An electronic invoice approval system is essential for a paperless office, serving as an automated accounts payable software solution. This system allows supplier documents—such as price updates, order confirmations, shipping notices, bills of lading, packing lists, and invoices—to be integrated directly as electronic data, provided the supplier has transitioned to electronic communication. For those suppliers still using paper or fax, the system collects, digitizes, identifies, and stores these documents in an online web-based repository for easy access and ongoing processing. The accounts payable department plays a crucial role in managing and reviewing these transactions to ensure that all outstanding invoices are approved, processed, and paid promptly. This responsibility can create numerous challenges, including potential human errors during data entry, misplaced invoices, late payments, invoice duplicates, and the risk of double payments. By implementing this electronic system, organizations can significantly enhance efficiency and reduce the likelihood of such issues. Ultimately, a streamlined accounts payable process not only benefits the department but also strengthens relationships with suppliers by ensuring timely and accurate payments.
Description
SoftCo Accounts Payable Automation processes all PO and non-PO supplier invoices electronically from AI-powered capture and AI Matching through to invoice approval and query management. Designed for complex, high-volume environments, SoftCoAP delivers market-leading touchless automation by embedding AI across matching, coding, routing, and exception handling. The result is up to 89% reduction in processing costs, with faster cycle times and fewer manual touches. A built-in, context-aware AI Assistant supports AP teams by explaining exceptions, answering questions, and guiding next actions directly within the workflow, improving efficiency while maintaining full control and auditability.
SoftCo is a global organization with operations across the USA, Ireland, the UK, and the Nordics. SoftCo is SOC 1 and SOC 2 audited and ISO 27001 and SAHKE2 certified. More than one million business users worldwide rely on SoftCo solutions, including organizations such as SunnyD, the Finnish Government, Primark, Patagonia, and PwC.
API Access
Has API
No
API Access
Has API
Yes
Integrations
SAP ERP
Yes
Acumatica Cloud ERP
No
Boomi
No
JD Edwards EnterpriseOne
No
Microsoft Dynamics 365
No
Microsoft Dynamics GP
No
Microsoft Dynamics SL
No
NetSuite
No
Oracle API Catalog
No
Oracle PeopleSoft
No
Integrations
SAP ERP
Yes
Acumatica Cloud ERP
Yes
Boomi
Yes
JD Edwards EnterpriseOne
Yes
Microsoft Dynamics 365
Yes
Microsoft Dynamics GP
Yes
Microsoft Dynamics SL
Yes
NetSuite
Yes
Oracle API Catalog
Yes
Oracle PeopleSoft
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
Please contact SoftCo for pricing
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
Yes
Mac
Yes
Linux
No
Chromebook
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
ShreeMon
Founded
2014
Country
United States
Website
shreemon.com/Product/Account-Payble-Software
Vendor Details
Company Name
SoftCo
Founded
1990
Country
Ireland
Website
softco.com
Product Features
Accounts Payable
Approval Process Control
No
Bank Reconciliation
No
Cash Management
No
Check Writing
No
Duplicate Payment Alert
No
Fraud Detection
No
General Ledger Entry
No
Vendor Management
No
Product Features
Accounts Payable
Approval Process Control
Yes
Bank Reconciliation
No
Cash Management
Yes
Check Writing
No
Duplicate Payment Alert
Yes
Fraud Detection
Yes
General Ledger Entry
Yes
Vendor Management
Yes
Procure to Pay
Billing & Invoicing
Yes
Budgeting / Forecasting
No
Compliance Management
Yes
Contract Lifecycle Management
Yes
Financial Reporting
Yes
Integration Management
Yes
Inventory Management
No
Order Management
No
Vendor Management
Yes