SoftCo survey reveals accelerating demand for Electronic Invoicing

Survey findings from SoftCo’s recent International User Conference have revealed a growing demand for  E-Invoicing by leading organisations across Europe. Over 70% of responders across an array of industry sectors and sizes recognised E-Invoicing as a key component in the transformation of finance departments from a cost centre to an efficient department that adds value to the business.

Invoice processing represents a significant overhead for many organisations.  Aberdeen Research shows that 75% of business’s still manually process invoices, for these organisations invoice costs can range as high as €1.29 per invoice and when processing a high volume of invoices this translates into a significant annual cost. E-Invoicing eliminates the direct costs and process inefficiencies associated with the manual handling of paper invoices. For an organisation that sends 6,000 paper-based customer invoices per month, making the switch to E-Invoicing can deliver savings of up to €76,000 a year.

The European Union is also at the forefront of driving the widespread adoption of eInvoicing. The introduction of EU Directive 2001/115/EC (2006/112/EC means all EU members must afford the same legal status to electronic invoice processes as they do for paper invoices. The Directive promotes the efficient cross-border creation, validation, transmission, acceptance, storage and retrieval of invoices.

In addition, E-Invoicing provides an organisation with full visibility and control throughout its accounts receivable process. By providing customers with electronic invoice delivery and an online customer service portal, invoice queries are resolved faster and customer loyalty is improved. This provides a powerful platform from which an organisation can reduce its debtor days and improve its cash management. 

SoftCo's E-Invoicing Solution Process

For more information on SoftCo E-Invoicing please click here,

SoftCo launches SoftCo R8.5 at International User Conference

Dublin, Ireland. SoftCo, a leading supplier of Business Process Automation and Cloud solutions, are pleased to announce the release of SoftCo R8.5. The latest version of SoftCo’s award winning software solution was launched at the recent International User Conference. R8.5 delivers a series of new and advanced workflow applications and modules with a particular focus on Case Management, Purchase to Pay, E-Invoicing and Claims processing.

SoftCo’s Storlife Content Addresses Storage (CAS) solution includes advanced tiered storage features to support the growing demand for Cloud based storage options in addition to local low cost storage enabling significant cost savings.

SoftCo R8.5 delivers superior workflow functionality including dynamic rules verification and support for complex routing and organisations with multiple entities. Furthermore, SoftCo’s flexible Document Importer supports a variety of programming languages to enable advanced indexing look-ups and data verification.

‘InSoftCo’ is a real-time document notification application that searches for documents relating to data within any screen, application (e.g. Finance System) web page or email. This significantly enhances productivity by providing users with fast notification of relevant supporting documentation.

SoftCo E-Forms provides a fast and simple way to create web forms for business applications. This new feature requires no coding utilising a simple drag and drop feature that inputs reusable fields and linking the form to a website and workflow. 

“R8.5 comprise new features within the existing modules as well as powerful and user friendly new modules.” commented Anton Scott, Managing Director SoftCo. “Combined with the significant new workflow innovations SoftCo R8.5 delivers numerous innovative functions which mean faster business processing and real cost savings.”

SoftCo BPO Webinar: Deliver invoice Automation to your customers

Solihull, UK. SoftCo is hosting a free webinar specifically for UK Business Process Outsourcers (BPOs) onWednesday 20 March 2013. The informative event will demonstrate how SoftCo’s Cloud solutions has enabled BPO's across the UK to expand current service offerings, driving new revenue streams and improving customer loyalty.

With customers increasingly demanding value add services and lower pricing, the provision of new solutions by BPO's can be instrumental to maintaining profitability. SoftCo Cloud for BPOs provides an end to end Invoice Automation workflow solution as an extension to existing Outsource core services.

Delivered as a simple Cloud platform with no capital investment, SoftCo has enabled BPOs streamline core business processes while delivering secure and BSI compliant Cloud Document Management storage.

“SoftCo Cloud is a world class document management and business process platform that delivers real efficiencies and cost savings to our customers.” Hugh Symons Information Management.

Register today for this Free Informative Webinar

SoftCo E-Invoicing Webinar: Reduce invoicing costs by 80%

Dublin, Ireland. SoftCo, leaders in Business Process Automation and Cloud solutions, is hosting a free E-Invoicing Webinar on Friday 22 March 2013. The informative webinar will demonstrate how SoftCo’s solutions are being used by leading organisations worldwide to save up to 80% on their invoicing costs.

Sending paper invoices via post to customers can cost as much as €1 per invoice, including the cost of postage, paper and the labour involved. For organisations with a high volume of outbound invoices this translates into a significant annual cost.

SoftCo E-Invoicing eliminates the direct costs and process inefficiencies associated with the manual handling of paper invoices. It integrates seamlessly with existing finance applications and automatically delivers invoices as electronic documents, reducing debtor days and improving cash flow.

The solution is delivered either on premise or via SoftCo Cloud providing a scalable storage solution, secure online access to documents, full audit trails and powerful reporting functionality.  SoftCo E-Invoicing meets EU legislation (2010/45/EU) ensuring the authenticity and integrity of the invoicing process. 

Register today for this Free Informative Webinar

Amazon & Sunny Delight keynote speakers at SoftCo’s International User Conference

Dublin, Ireland. SoftCo, leaders in Business Process Automation and Cloud solutions, are hosting the annual International User Conference on Thursday 18th April 2013 at Dublin’s newest 5 star conference venues, The Marker Hotel Dublin. The informative event will showcase the latest developments in Cloud Computing, E-Invoicing, Purchase to Pay (P2P), Case Management and marks the official launch of SoftCo R8.5 with live demonstrations of the latest Cloud features and applications.

Market leading Cloud infrastructure and application provider Amazon Web Services (AWS) will address attendees on rapid adoption trends in Cloud technologies. One of the UK and Ireland’s leading DIY retailers, Grafton Group will share their experience of transitioning from a traditional in-house architecture to a Cloud platform and how it has transformed visibility and control across their business.

Sunny Delight, an internationally recognised beverage company based in Cincinnati USA, will present how significant cost savings were gained from automating their Purchase-to-Pay processes in offices across the US.

“The 2013 SoftCo’s User Conference is unique in that it is centered around the real world experience of the users and how they have benefited from implementing a range of solutions” commented Ted Laverty, Marketing Director SoftCo. “The event will particularly focus on the accelerating worldwide adoption of Cloud computing, the trends and return on investment achieved.”

For more information and to register your interest in attending future events please contact Suzanne O’Reilly on (+353) 1 2942420 or email suzanne.oreilly@softco.com

SoftCo invests in new conference facilities at Global Headquarters

Dublin, Ireland. SoftCo, leaders in Business Process Automation and Cloud solutions, are delighted to announce the completion of a major refurbishment project at SoftCo’s headquarters in Leopardstown, Dublin. The cornerstone of the investment is new state of the art conference facilities with supporting customer hospitality and parking amenities providing a high quality environment for the growing number of customer conferences, training and business workshops.

The project was designed around the customer experience delivering multi-functional training and conference rooms finished to the highest specification and incorporating the latest technology throughout. All rooms are equipped with AV equipment, web streaming, video conferencing and video production equipment.

 “We are delighted with the increasing number of organisations adopting our Business Process Automation solutions.The number of informative events and workshops to our customers is growing every year and this substantial investment is a direct response to that demand”, commented Anton Scott, Managing Director SoftCo.

Register for SoftCo’s Purchase to Pay (P2P) Lunch Briefing

Dublin, Ireland. SoftCo, leaders in Business Process Automation and Cloud solutions, are hosting a Purchase-to-Pay (P2P) lunch briefing in Dublin on Thursday 7 February 2013. The event will take place in SoftCo’s Headquarters in Leopardstown in Dublin and the keynote speaker will be SouthWestern.

SouthWestern is a market leader in the provision of front and back office services to leading public and private sector clients in Ireland, the UK and Europe and ranked by Gartner as one of the top ten up and coming F&A providers worldwide. SouthWestern will demonstrate how the implementation of the SoftCo P2P platform in their organization and on behalf of their customers has cut costs, increased accuracy and reduced processing times of supplier invoices.

## “SoftCo offered a best-in-class service based on the SoftCo R8 platform that has delivered significant costs savings and efficiency improvements across our business” commented Peadar Murphy, SouthWestern. The briefing will also demonstrate how SoftCo’s P2P platform provides organisations such as EBS, Argos and John Lewis with a highly flexible solution to streamline both the Procurement and Accounts Payable processes across a range of ERP environments while eliminating risk, improving productivity and reducing costs.

Event Registration
The event is free for registered attendees. For more information and to register your interest in attending please click here. Alternatively, contact Suzanne O’Reilly on (+353) 1 2942420 or email suzanne.oreilly@softco.com

Generali PanEurope keynote speaker at SoftCo Managed Services event

Dublin, Ireland. SoftCo, experts in managed services solutions, are pleased to announce that Generali PanEurope (GPE) will be keynote speaker at SoftCo’s informative lunch briefing “Managed Services Solutions for Financial Services”. The event will be hosted in SoftCo’s headquarters on Wednesday 23 January 2013.

Generali PanEurope is a leading provider of sophisticated finance solutions to the European market. GPE are part of the Generali Group who operate in over 40 markets, employ over 60,000 employees and is among the top five largest insurance companies in Europe. GPE will demonstrate how outsourcing document management processes to SoftCo has transformed visibility and control across their Wealth Management Division and Employee Benefit Schemes.

“We are delighted with SoftCo’s document management solution, it's fast, it's easy to use, and it gives us great control” commented Birgit Smith, Generali PanEurope.

SoftCo delivers Managed Services solutions for leading organisations including Bank of Ireland, AIB and SouthWestern that automate and streamline challenging financial processes such as Client Files, Insurance claims, E-Invoicing and Accounts Payable. SoftCo enables organisations outsource these cumbersome processes and achieve significant cost reductions, improved customer service, immediate retrieval and secure compliance via the SoftCo Cloud platform.

To register simply go to www.softco.com/events and complete the online form.

SoftCo Appoints Hugh Symons as Strategic Partner for UK Market

Dorset, UK. SoftCo, leaders in business process automation and Cloud solutions, are pleased to announce the appointment of Hugh Symons Information Management as a strategic partner for the UK market. Established in 1974, Hugh Symons is one of the fastest growing Business Process Outsourcing (BPO’s) in the UK with an extensive list of over 600 clients including Great Ormond Street Hospital NHS Trust, Southampton City Council, ITV, Eaton Aerospace, The Environment Agency, BG Group and Office of National Statistics, processing millions of documents each month.

SoftCo Cloud is an enterprise-grade managed service solution delivered on compliant infrastructure which enables organisations to archive documents securely and automate everyday document-centric business processes. Hugh Symons are deploying the solution to its growing customer base across the Enterprise, Government, IT, HR, Finance and Facilities sectors. 

“Our partnership with SoftCo shows our firm commitment in strengthening the value added services we provide to our customers” said Chris Booth, MD Hugh Symons. “SoftCo Cloud is a world class document management and business process platform that delivers real efficiencies and cost savings to our customers.”

The SoftCo Cloud infrastructure is ISO27001 compliant and certified to the UK standard BSI: BIP008: 2004 and all information is securely managed in accordance with best practice standards.

”We are delighted to welcome Hugh Symons as a strategic partner” said Ted Laverty, Marketing Director SoftCo. “They have a proven reputation for delivering market leading solutions and real benefits to their customers.”

SoftCo announces the release of SoftCo R8.4

Dublin, Ireland. SoftCo, a global supplier of Document Management and Business Process Automation solutions, are pleased to announce the release of SoftCo R8.4. The latest version of SoftCo’s flagship market leading software delivers numerous new features and enhancements with particular focus on new platform support, enhanced security features and improved performance and user experience.

SoftCo R8.4 includes support for a number of market leading platforms.  SoftCo R8.4 and SoftCo Storlife 1.3, SoftCo’s Content Addresses Storage (CAS) solution, now natively run on the Amazon Web Services Support (AWS) platform as well as all versions of Microsoft’s latest database server SQL Server 2012.  The new platforms provide improved performance, functionality and an expanded Cloud offering to SoftCo R8 users.

The new release also focusses on enhanced security and reducing storage needs.  Users can digitally sign PDF documents ensuring content authenticity and add text or graphical watermarks to documents.  Furthermore, R8.4 allows authorised users to automatically delete documents on expiry saving space and reducing storage costs.

SoftCo R8.4 delivers numerous enhancements to existing modules such as SoftCo Email Collector providing faster performance in processing emails; improved mapping of fields and extended attachment filters.  R8 Desktop fully integrates with the Rondo R8 workflow module allowing users to access the full power of Rondo R8 from their desktop or within office applications. The R8 Web and R8 MiniWeb retrieval modules incorporate improved office document support. In addition both R8 Migrator and COLD Importer offer enhanced audit capabilities that allow for detailed analysis post execution run. 

“We are delighted with the new release of our best in class Document management, Workflow and Cloud solution. SoftCo 8.4 delivers superior features and enhancements that enable organisations significantly improve business process efficiencies, deliver compliance and most importantly cut operational costs.” said Garrett Pearse, R8 Product Manager, SoftCo.