Irish software firm SoftCo has won a contract to supply a document management system to PwC UK. The system, SoftCo AP, will be used to streamline the firm’s accounts payable environment. The value of the contract was not disclosed.
The system will allow PwC UK to centralise the capture, keying, approval and payment authorisation of supplier invoices. It also provides PwC with visibility on all aspects of the accounts payable process, from invoice scanning through to when the invoice is registered, validated and approved, ensuring that data captured by the users is accurate.
The SoftCo system integrates with PwC’s existing systems including SAP, and is intended to enable PwC achieve greater efficiency and control in the processing of invoices.
“The benefits around moving to a standardised system and reducing our dependence on paper are obvious,” commented Jill Ruddock, PWC UK director of finance operations.
Said Susan Spence, group director of SoftCo: “We are extremely pleased that PwC has chosen the SoftCo technology to automate and streamline its invoice approval process.”
Headquartered in Dublin with offices in the UK, Denmark, US, the SoftCo group currently employs 100 people worldwide and has over 850 customers worldwide including Vodafone, DHL, HBOS, NewellRubbermaid and AON.
By Brian Skelly
Niall Carty, project manager, SoftCo is flanked by Susan Spence, group director, SoftCo (left) and Jill Ruddock, director of finance operations, PwC UK
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