![]() SoftCo Advanced Analytics, powered by AWS Quicksight, tracks key trends to provide management with key insights required to manage costs, performance, and effectiveness of operations.Īutomatically match your PO invoices to orders and deliveries, even in the most complex of scenarios. Dashboard reports deliver greater clarity and insight into real-time day-today performance through Financial and Operational KPI reports. SoftCoAP incorporates anti-fraud functionality that delivers real-world fraud prevention and monitoring. Recurring invoices, such as subscriptions, leasing, rent and utilities, are automatically matched to your underlying PO, and SoftCoAP routes them for appropriate approval, without the need for supporting POs or GRNs. SoftCoAP assigns your non-PO invoices to an automatic general ledger and cost center through posting templates that are associated with your vendors. Smart Routing technology determines the correct routing of invoices for approval, reducing the time taken to correctly route invoices by 90%. Smart Coding harnesses Machine Learning to analyze previously coded invoices and automatically apply the correct coding for new invoices, reducing the reliance on the AP team’s knowledge and delivering coding in seconds rather than minutes. The result is a 38% improvement in match rate versus standard matching engines. ![]() The Smart Matching engine matches invoice data to your purchase orders and goods receipt notes and automates even the most complicated matching scenarios, such as incomplete data, missing product codes, rounding issues and FX conversions. ReadĪll invoice data is collected using SoftCo’s Capture technology. SoftCoAP delivers unparalleled touchless automation by incorporating unique Machine Learning technology to minimize the number of supplier invoices that require manual intervention. Easy to use and easy to deploy, GEP SMART can be implemented rapidly across multiple lines of business, effecting game-changing results.SoftCo Accounts Payable Automation processes all PO and non-PO supplier invoices electronically from capture and matching to invoice approval and query management. It provides full procure-to-pay functionality - from item search to invoice matching and payment authorization - with best-in-class user experience. GEP SMART unifies the order-to-invoice process with the source-to-contract process, effectively connecting every order to a contract, to a plan and to a target. GEP SMART AP Automation integrates quickly and easily with all legacy software and ERP systems, so you can start reaping the benefits rapidly. Bonus: We never charge your suppliers to use the software.Īnd you don’t have to wait long for the results to show. GEP SMART AP Automation reduces the total cost of ownership by offering significant, immediate and long-term savings for you - and your suppliers. Replace outdated or ineffective AP tools with a cloud-based AP solution that meets the performance expectations of some the largest, most demanding enterprises in the world.įlexible and scalable, AP Automation Software can align to your changing business needs. GEP SMART AP Automation takes advantage of the global scalability, best-in-class performance and security provided by Microsoft Azure Cloud. The Most Cost-Effective Way to Achieve AP Transformation in the Cloud Get real-time status of all your invoices, at every stage. Stay organized with automated and configurable queue management. ![]() What’s more, GEP SMART AP Automation’s intelligent workflow digitally routes invoices for review and approval. Saving you time while slashing invoice processing costs. Need powerful, error-free invoice reconciliation? Frustrated with mismatched purchase orders? We've got you covered. Powered by GEP MINERVA™- our proprietary set of AI technologies - the platform automatically finds duplicate invoices and matches them to the right purchase orders. Hello, Intelligent AP Automation Software Free up time and resources to focus on more strategic AP work. Cut down invoice cycle time without sacrificing accuracy. GEP SMART AP Automation is the complete digital solution that eliminates manual AP processing.ĭigitally scan invoices using optical character recognition (OCR) technology, so you can process invoices quickly and make payments on time, every time. No more paperwork, manual invoice processing and data-entry errors to slow you down.
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