SoftCo Procure-to-Pay - 2026 Pricing, Features, Reviews & Alternatives

SoftCo Procure-to-Pay automates the entire finance process from procurement through invoice automation and payment, giving organizations full control and visibility across complex purchasing and payables environments. Designed for scale, SoftCoP2P supports multiple entities, currencies, and languages, enabling global finance teams to standardize processes while maintaining governance and flexibility.

SoftCoP2P eliminates maverick spending and delivers measurable efficiency and cost savings by structuring and automating purchasing workflows. The vendor catalogue streamlines procurement through supplier punchout, reusable shopping lists, and pre-approved budgets, ensuring purchases align with policy from the start. Throughout the purchasing and approval process, a context-aware AI Assistant helps users understand exceptions, answer questions, and take the right next action faster, reducing delays and manual intervention.

At the core of SoftCoP2P is SoftCo Accounts Payable Automation. SoftCoAP processes all PO and non-PO supplier invoices electronically from AI-powered capture and AI Matching through to invoice approval, exception handling, query management, and payment. AI Matching automatically reconciles invoices with purchase orders and receipt data, even in complex scenarios involving incomplete information, tolerances, rounding differences, and FX. For non-PO invoices, AI Coding applies the correct coding based on continuously learned patterns, while AI Routing determines the optimal approval path to minimize cycle times.

The embedded AI Assistant plays a critical role across AP operations. It supports AP teams by explaining why invoices are on hold, guiding resolution of exceptions, answering natural language questions about invoice status or approvals, and helping users take action confidently without leaving the workflow. This reduces back-and-forth, shortens resolution times, and improves productivity while maintaining full control and auditability.

SoftCoP2P supports recurring invoices such as rent, utilities, and subscriptions, automatically matching and routing them for approval without the need for supporting POs or GRNs. Automated approval workflows ensure invoices reach the right approvers, with reminders and escalation reducing bottlenecks. Approvals can be completed via email or mobile, enabling fast decision-making for distributed teams.

SoftCoPay completes the end-to-end P2P process by streamlining vendor payments into a single, secure workflow. Payments are optimized to reduce costs, mitigate risk, and improve reconciliation, transforming payments from a cost center into a strategic component of finance operations.

Advanced Analytics provides real-time visibility into procurement and AP performance, including spend trends, processing rates, exception volumes, approval delays, and cost metrics. Finance leaders gain actionable insight to continuously optimize operations, improve supplier relationships, and protect cash flow.

SoftCoP2P integrates seamlessly with over 200 ERP systems and supports organizations processing more than 50,000 invoices per year. Built for complexity and scale, SoftCo Procure-to-Pay enables finance teams to automate with confidence, combining intelligent automation, embedded AI, and full operational control.