By Business & Finance 
Pictured: Susan Spence, Co-Founder and President, SoftCo
Susan Spence, Co-Founder and President of software company SoftCo, is Business Person of the Month July 2023, in association with KPMG.
SoftCo
Susan Spence is Co-Founder and President of SoftCo, a provider of financial process automation solutions that aim to increase productivity, reduce costs, and ensure organisations meet their compliance obligations.
Founded in 1990, SoftCo is one of the most successful native Irish Software companies with more than 2 million business users worldwide. It is headquartered in Dublin and has offices in the UK, Finland and the US.
Throughout its history, its client-base has included Patagonia, The Finnish Government, Smyth’s Toys, Crown Agents Bank, Primark, Irish Life, Lloyd’s Bank, Argos, and Bulmers.
SoftCo is also a Microsoft Gold Partner, an AWS Advanced Technology Partner.
SoftCoAP
In June of this year, SoftCo announced the successful roll-out of its Smart Accounts Payable Automation solution with Hydro-Gear, the US-based manufacturer of drivetrain solutions. Headquartered in Sullivan Illinois, Hydro-Gear is a leader in the design and manufacture of precision drive solutions for the commercial, residential and electric markets, working with customers such as John Deere.
Hydro-Gear found difficulty with inefficient manual AP process across complex manufacturing operations, requiring a solution which would decrease processing errors, provide full visibility across their AP function, reduce processing costs and integrate with the 4 ordering systems used to manage their 3,800 global suppliers.
SoftCoAP now fully automates the processing of Hydro-Gear’s 75,000 supplier invoices, encompassing capture, matching, coding, and approval.
Commenting on the project completion, Anton Scott, CEO SoftCo Group said; “We are delighted that Hydro-Gear have gone live with SoftCoAP which delivers unparalleled touchless automation, minimizing the number of supplier invoices that require manual intervention. We look forward to seeing Hydro-Gear reap the real-world benefits of our market-leading technology.”
In July, SoftCo announced that Integrated Power Services (IPS), a provider of maintenance and repair services for electric motors in North America, Austin Powder, a technical and blasting services and manufacturer of industrial explosives, and Adnams, UK producers of non-alcoholic and alcoholic drinks, have each chosen SoftCo to automate their complete Accounts Payable process.
Business Person of the Month
The Business Person of the Month Award, in association with KPMG, recognises outstanding leaders in Irish business. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Business Person of the Year Award at the annual Business & Finance Awards.
See here for more information on the 2023 Business & Finance Awards. To get involved, please contact Brian.Kearns@businessandfinance.com
Business & Finance, Business Person of the Month
Business & Finance, in association with KPMG, rewards excellence in business through the ‘Business Person of the Month’ award. This award seeks to recognise noteworthy achievements in business leadership, and, particularly, those that make a telling contribution to the wider business community in Ireland.
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