SoftCo AP Automation


SoftCo AP Automation - Logo

 

9 avis (5/5)
 

SoftCo is a cloud-based and on-premise software that provides solutions in financial process automation. It is designed for midsize to large companies across all industry sectors.

SoftCo AP Automation automates the capture of paper, email, and electronic invoices, 2- and 3-way invoice matching, and routing of invoices to the appropriate business users for exception handling and/or approval. The solution integrates with the organization’s ERP system in order to match invoices against supplier master data, POs, and GRNs created in the ERP, and to post approved invoices back to the ERP for payment.

The analytics module in SoftCo AP Automation provides role-based dashboards to CFOs, finance managers, and accounts payable, and automatically generates detailed spend analysis, and accruals reports. Optional modules include SoftCo Procurement, SoftCo Supplier Portal, and SoftCo Contract Management.

SoftCo serves companies with 50+ employees. There is a set-up and annual recurring fee.

 

SoftCo AP Automation - CFO dashboard
 
  • SoftCo AP Automation - CFO dashboard
    CFO dashboard
  • SoftCo AP Automation - Manager dashboard
    Manager dashboard
  • SoftCo AP Automation - Invoice
    Invoice
  • SoftCo AP Automation - Routing invoice approval
    Routing invoice approval
  • SoftCo AP Automation - Invoice approval - desktop
    Invoice approval - desktop
  • SoftCo AP Automation - Invoice approval - mobile
    Invoice approval - mobile
Système(s) d'exploitation pris en charge :
Mac OS, Navigateur web (indépendant du système d’exploitation), Windows 8, Windows 10

9 avis sur SoftCo AP Automation

 

Bill P. Secteur: Services environnementaux Nombre d'employés:  201-500 employés Nombre d'employés:  201-500 employés

23/10/2017

23/10/2017

Provenance de l'avis : Capterra

SoftCo implementation team always delivers and the product (especially the new version) is excellent

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Moved from paper based to online PO's with significant reduction in staff levels in purchase ledger and almost 100% compliance with payment terms. Much better control of release of payment runs.

Avantages

The product is very easy to use with new in-email approval a huge step forward.

Visibility of spend and tracking versus budget is a great feature.

GRNI accrual for the finance team is easy.

Easy to raise POs, so no excuses.

Easy to change routing of approval if a PO has a particular need for customised approval.

We use verify (as an option in addition to approve) to ensure that costs coded to particular account codes are reviewed as appropriate to that code before the PO is approved, e.g., Capex.

Inconvénients

Not cheap, we are a waste management business not a bank, but we have found it good value for money.

Brian C. Secteur: Matériaux de construction Nombre d'employés:  1 001-5 000 employés Nombre d'employés:  1 001-5 000 employés

23/10/2017

23/10/2017

Provenance de l'avis : Capterra

Very positive experience. Should have done it sooner. Year 1 return on investment.

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Simplicité

 

Fonctionnalités

 

Qualité du produit

 

Rapport qualité-prix

 

Support client

 

Simplicité
Simplicité
Fonctionnalités
Fonctionnalités
Rapport qualité-prix
Valeur
Support

Year 1 return on investment. Easy to use for staff at all levels, reduced processing times as well as full visibility over all invoices on the system.

There were of course some teething issues but SoftCo were always on hand to address these straight off and ensure the implementation went smoothly.

Avantages

The number 1 thing I like is that the software is easy to use for all levels in our organisation. This ensured that the buy-in from our staff was gained straight away and they could see that it made their jobs easier. The results have been great too. We have achieved a straight-through processing match rate of 75% of all invoices and increased the capacity of our AP team by more than 50%. By automating our AP process, we have reduced our labour costs despite handling an increasing volume of invoices (over 300,000 per annum). We also now have complete visibility over all our invoices in the system which helps greatly at month end.

David O. Secteur: Comptabilité Nombre d'employés:  1 001-5 000 employés Nombre d'employés:  1 001-5 000 employés

27/10/2017

27/10/2017

Provenance de l'avis : Capterra

A successful project implementation, delivered on promises and created a positive user experience.

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Simplicité

 

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Qualité du produit

 

Rapport qualité-prix

 

Support client

 

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We automated what is traditionally a heavily paper based and manual process through the implementation of user friendly software. All actions are now taken electronically and there is no paper in sight.
We improved the process with the introduction of a pre-approval step so costs are more easily controlled and budget holder awareness is guaranteed before any commitment to spend.

Our AP team now spend more time managing supplier accounts through the review of statements and significantly less time manually processing invoices.

Avantages

The software is highly configurable which enables you to self administrate and customise to meet your business requirements as they evolve. The system is very easy to navigate from a user perspective so the training and implementation process can be supported with basic demos and QRGs.

Inconvénients

As a system administrator the softwares configurability encourages core users to suggest change requests quite often. Not a fault of the system but a challenge for the administrators.

Anne O. Secteur: Externalisation/délocalisation Nombre d'employés:  501-1 000 employés Nombre d'employés:  501-1 000 employés

27/10/2017

27/10/2017

Provenance de l'avis : Capterra

Good product,easy to use,streamlines processes but it is expensive to maintain and upgrade

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Simplicité

 

Fonctionnalités

 

Qualité du produit

 

Rapport qualité-prix

 

Support client

 

Simplicité
Simplicité
Fonctionnalités
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Valeur
Support

Cost savings
Tracibility of invoices throughout the p2p cycle

Avantages

Reduces human touch points
Receipt of electronic invoices
Rejection back to suppliers
Visibility of invoices at every point in cycle

Inconvénients

Expensive to make changes or upgrade product
Automatic verification could be better
Post project support could be better to ensure we are happy

Liam O. Secteur: Assurance Nombre d'employés:  1 001-5 000 employés Nombre d'employés:  1 001-5 000 employés

26/10/2017

26/10/2017

Provenance de l'avis : Capterra

Extremely professional, hands-on integration project team who add value rather than just implement .

Translate to français
Simplicité

 

Fonctionnalités

 

Qualité du produit

 

Rapport qualité-prix

 

Support client

 

Simplicité
Simplicité
Fonctionnalités
Fonctionnalités
Rapport qualité-prix
Valeur
Support

Avantages

System driven approvals, audit trail = major control positives.
Seamless interface with Accounting system (SAP).
Ease of use for volume users.
Prompt helpdesk resolution.
Standardisation of approvals / payment processes across large , multi divisional organisations.

Inconvénients

Bespoke / Automated Reporting Capabilities need to be improved / made more user driven.
Dosent always give Senior Management the KPI / Dashboard information that proves how powerful the product is.
Current version is restrictive in some regards - screen resolution / cursor missing issues, which while not major, cause irritation to users and thus damage the products image.