Cork, Ireland. SoftCo, leaders in Purchase-to-Pay and Cloud solutions, are pleased to announce the successful implementation of SoftCo’s Accounts Payable (AP) solution across the Mainport Group. Founded in 1957, the Mainport Group is a leading integrated marine services company involved in vessel ownership, ship agency, stevedoring and off-shore services at several locations worldwide.
The Group employs over 200 staff and works with the world’s largest corporations involved in seismic acquisition and hydrocarbon exploration and development.
Prior to the deployment of SoftCo AP, Mainport’s finance team manually processed over 24,000 trade invoices annually on behalf of 31 global entities within the Group. The process was both laborious and paper intensive. The old Accounts Payable process created challenges in visibility and control which resulted in slow approval processes and delayed payment cycles.
Mainport implemented SoftCo’s award winning AP workflow solution to automate and streamline the complete AP process and provide accessibility for remote users.
“SoftCo has transformed our AP process” commented Pat Quirke, Finance Director Mainport Group. “Invoice approval times have reduced from 3 weeks to just 3 days and we now have complete visibility throughout the entire supplier invoice lifecycle.”
Fully integrated with Mainport’s ERP system, Microsoft Navision, SoftCo AP reduces operational costs, delivers complete control and transparency over the AP process and ensures full compliance with legal retention obligations. Available on premise or via a Cloud platform SoftCo AP handles the capture, coding, matching and approval of supplier invoices within the Accounts Payable environment.
“We are delighted that Mainport has joined the 400,000 users globally using SoftCo AP to transform their invoice automation process” commented Killian McCarthy, Sales Director SoftCo.