SoftCo AP Automation vs Paymerang vs Precoro - Which Tool Fits Your Business?

SoftCo uses advanced AI and cognitive OCR technology to capture data from various invoice formats and sources, ensuring accurate and efficient invoice processing. This reduces manual intervention and accelerates the processing cycle.

The software seamlessly handles both purchase order (PO) and non-PO invoices, making it versatile and suitable for a wide range of business operations. This flexibility ensures comprehensive invoice management across different transaction types.

SoftCo AP Automation includes built-in fraud prevention capabilities, leveraging real-time risk assessments to spot potential fraudulent activities. This reduces the risk of financial loss and helps maintain compliance with industry regulations.

The platform goes beyond simple invoice processing by validating and matching recurring supplier invoices with subscriptions and contracts. This ensures that all approvals are accurate and aligned with previously agreed terms, reducing errors and financial discrepancies.

Paymerang’s platform automates both invoice and payment processes, significantly reducing the time spent on manual tasks. This leads to greater efficiency in Accounts Payable (AP) departments and frees up valuable time for other strategic activities.

The platform reduces fraud risks by moving away from paper-based processes, which are more vulnerable to errors and fraud. Paymerang's automated system ensures secure transactions and helps businesses protect their financial operations.

Paymerang provides the added benefit of earning rebates through automated payments, allowing companies to optimize cash flow and gain financial advantages through smarter operations.

Designed for ease of integration, Paymerang seamlessly connects with existing AP workflows, ensuring businesses can adopt the platform without significant disruption to their current systems.