SoftCo
SoftCo is an Irish fintech providing AI-native accounts payable and procure-to-pay automation software for large, multi-entity enterprise finance teams. Its SoftCo AI+ platform automates invoice capture, matching, coding, and approval across SAP, Oracle, Dynamics, and Infor with multi-jurisdiction e-invoicing compliance.
- Company typePrivate
- Founded1989
- HeadquartersDublin, Ireland
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What SoftCo does
SoftCo is an Irish fintech company that builds AI-native accounts payable (AP) and procure-to-pay (P2P) automation software for large, complex enterprise finance organizations. The platform — branded SoftCo AI+ — automates the full invoice lifecycle from capture through matching, coding, approval routing, and ERP posting, with single-tenant security architecture and an independently audited 9.9/10 security rating. Its proprietary AutoML matching engine, trained on 50+ million historical matches using 250+ patterns, delivers up to 98% AI match rates and 90% straight-through (touchless) processing, with adjacent AI engines for routing, GL coding, and supplier fraud detection.
The product portfolio centers on three core platforms — SoftCoAP, SoftCoP2P, and e-Invoicing — underpinned by a shared AI Engine, AI Analytics layer, and Supplier Portal. SoftCo orchestrates processes across SAP, Oracle, Microsoft Dynamics, and Infor via a single multi-ERP integration layer and connects to global e-invoicing networks (notably Peppol) for multi-jurisdiction compliance. The company sells exclusively through direct enterprise field sales with a quote-based subscription pricing model, supported by an inside-sales motion for mid-market, and uses content-led demand generation (webinars, AP Controls self-assessment, blog, LinkedIn, YouTube) to engage CFO, Financial Controller, and AP Manager personas. Named customers include Primark, Grafton Group, Logitech, SuperDry, Kingspan, Vinted, apetito, Analog Devices, and VistaJet.
Founded in 1989 and headquartered in Dublin, SoftCo operates across EMEA and North America with 101-250 employees. In 2024 the company was acquired by Keensight Capital in a $109 million buyout — the largest fintech deal in Ireland that year per KPMG's Pulse of FinTech H2'24 report — providing growth capital under private ownership. The leadership team includes CEO Anton Scott, Executive Chairman Susan Spence, CTO Robert Hickey, and CMO Daragh Byrne, alongside a dedicated AI Architect and senior AP/P2P domain specialists.
SoftCo firmographics
Firmographics- Name
- SoftCo
- Legal name
- SoftCo Group Ltd.
- Website
- https://softco.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SoftCo is an Irish fintech providing AI-native accounts payable and procure-to-pay automation software for large, multi-entity enterprise finance teams. Its SoftCo AI+ platform automates invoice capture, matching, coding, and approval across SAP, Oracle, Dynamics, and Infor with multi-jurisdiction e-invoicing compliance.
- Ownership category
- akta.pro rank
SoftCo industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Accounts Payable Automation & Supplier Payments (FSAGAJAD)
- akta.pro secondary industries
- Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where SoftCo is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices1 record
Markets served
SoftCo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- AP Automation Platform Subscription: SaaS subscription model for AI-native AP automation and P2P automation. Pricing is quote-based and tailored to the complexity of the customer's ERP landscape, invoice volumes, and number of entities. Typical enterprise contract structure with annual or multi-year terms implied by the sales motion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise tier — complex, high-volume AP operations with multi-entity, multi-ERP requirements. |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels6 records
SoftCo product offering
Product offeringCore offering
SoftCo sells AI-native accounts payable (AP) and procure-to-pay (P2P) automation software for enterprise finance teams. The platform automates the full invoice lifecycle — capture, matching, coding, approval routing, and ERP posting — across multi-entity, multi-ERP environments (SAP, Oracle, Dynamics, Infor). It is delivered as a SaaS subscription with quote-based, enterprise pricing.
Product overview
SoftCo is a B2B fintech company offering an AI-native accounts payable and procure-to-pay automation platform for complex, high-volume finance teams. The product portfolio consists of three core platforms — SoftCoAP (accounts payable automation), SoftCoP2P (procure-to-pay automation), and e-Invoicing — underpinned by a shared AI Engine and AI Analytics platform layer. Supporting modules include the Supplier Portal, AutoML (the proprietary AI matching engine), the Recurring Invoice Module, Pre-Approved Spend, and the SoftCo Compliant Archive. The AI Engine is built natively into the platform (not bolted on), powering AI Matching with confidence scoring, AI Routing, AI Coding, and fraud detection across all products. The platform orchestrates processes across multiple ERP systems (SAP, Oracle, Dynamics, Infor) through a single integration layer. The AP Controls Assessment is a free diagnostic tool offered alongside the commercial products. Together, these products enable finance teams to automate the full invoice lifecycle from capture through payment, with built-in controls, auditability, and real-time analytics across multi-entity, multi-currency global operations.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 98% AI match rate, 350k+ annual invoices processed, 1-year ROI for enterprise customers
- +5 more outcomes
Companies that use SoftCo
Customer profileNamed customers4 records
Segments9 records
Ideal customer profiles2 records
SoftCo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability6 records
Feature12 records
SoftCo partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- MicrosoftcoreMicrosoft Solutions Partner designation. Integration and compatibility with Microsoft technology ecosystem including Azure cloud infrastructure and Microsoft Dynamics ERP.
- SAPcoreDeep ERP integration with SAP. SoftCo's multi-ERP orchestration layer connects with SAP as a primary ERP target for enterprise customers.
- OraclecoreDeep ERP integration with Oracle. SoftCo's multi-ERP orchestration layer connects with Oracle ERP as a primary target.
- Microsoft DynamicscoreDeep ERP integration with Microsoft Dynamics. SoftCo's multi-ERP orchestration layer connects with Dynamics as a primary ERP target.
- InforcoreDeep ERP integration with Infor ERP systems. Supported within SoftCo's multi-ERP orchestration layer.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
SoftCo competitors and assessment
Company assessmentEmerging players
- Tipalti: Tipalti provides AP automation and global mass payments, primarily for mid-market and tech-forward companies. It overlaps with SoftCo's invoice processing and supplier payment capabilities but is more SMB-focused and payment-centric.
- Stampli: Stampli is an AI-driven AP automation platform focused on invoice collaboration and approvals. It overlaps with SoftCo's AI matching and exception handling but skews toward mid-market and US-based deployments.
Direct peers
- Tradeshift: Tradeshift operates a B2B network and AP automation platform with strong e-invoicing capabilities. It competes with SoftCo on cross-border invoice exchange and AP workflow automation, especially in network-enabled supplier scenarios.
- Medius: Medius is a Swedish AP automation vendor offering invoice processing, P2P, and spend management for mid-market and enterprise. It is a direct competitor to SoftCo in European AP automation and shares a similar AI-driven positioning.
- Coupa: Coupa (now part of Thoma Bravo) is a broad B2B spend management platform offering AP, procurement, and spend analytics. It directly competes with SoftCo's P2P offering at the enterprise tier, though with a wider portfolio and larger sales footprint.
- Ivalua: Ivalua provides a unified spend management platform covering procurement, AP, and supplier management. It is a direct competitor in the enterprise P2P and AP automation space, particularly for large organizations seeking a unified suite.
- Basware: Basware is a Finland-based AP automation and P2P platform serving large enterprises. It is a direct competitor to SoftCo with overlapping AP automation, invoice matching, and e-invoicing capabilities, particularly in the EMEA enterprise segment.
- AvidXchange: AvidXchange is a US-based AP automation platform serving mid-market and enterprise customers with invoice processing, bill payment, and supplier network services. It competes directly with SoftCo in verticalized AP automation, though with a heavier US bias.
Broad incumbents
- SAP Ariba: SAP Ariba is the procurement and AP suite embedded in the SAP ecosystem. It competes with SoftCo as a broad incumbent with native SAP integration, especially for SAP-centric enterprises where SoftCo positions itself as an overlay.
- Oracle Procurement Cloud: Oracle Procurement Cloud (part of Oracle Fusion ERP) is an enterprise incumbent offering native procurement and AP functionality. It competes with SoftCo as an alternative for Oracle-shop enterprises considering native modules versus a standalone overlay.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SoftCo social profiles
Digital presenceSoftCo financial estimates
Financial estimateRevenue estimate
Valuation estimate
SoftCo leadership team
Management profileNumber of profiles
Profiles12 records
SoftCo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SoftCo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SoftCo
What does SoftCo do?
SoftCo sells AI-native accounts payable (AP) and procure-to-pay (P2P) automation software for enterprise finance teams. The platform automates the full invoice lifecycle — capture, matching, coding, approval routing, and ERP posting — across multi-entity, multi-ERP environments (SAP, Oracle, Dynamics, Infor). It is delivered as a SaaS subscription with quote-based, enterprise pricing.
Is SoftCo a public or private company?
SoftCo is a private company. It is classified as private equity controlled and is currently operating.
When was SoftCo founded?
SoftCo was founded in 1989. It employs 101 to 250 people.
Where is SoftCo based?
SoftCo is headquartered in Dublin, Ireland, in the Europe region.
How does SoftCo make money?
One revenue line is on record: AP Automation Platform Subscription.
Who are SoftCo's main competitors?
Emerging players on record are Tipalti and Stampli. Direct peers are Tradeshift, Medius, Coupa, Ivalua, Basware and AvidXchange. Broad incumbents are SAP Ariba and Oracle Procurement Cloud.
Does SoftCo have an API?
No public API is recorded for SoftCo.
What industry is SoftCo in?
SoftCo's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is FSAGAJAD, Accounts Payable Automation & Supplier Payments, with a secondary code of FSAGAJAC, Invoicing, Billing & Accounts Receivable Automation. Its NAICS code is 513210 and its SIC code is 7372.