Business Person of the Month May 2022: Susan Spence, Co-Founder and President, SoftCo

Susan Spence, Co-Founder and President of SoftCo is the Business and Finance Business Person of the Month for May 2022, in association with KPMG

Spence is the Co-Founder & President of SoftCo. She has been Irish Tatler Entrepreneur of the Year 2018 and is a former recipient of the Veuve Clicquot Business Woman of the Year and Irish Exporter of the Year awards. Prior to co-founding SoftCo in 1990, Susan held senior management positions with Hewlett Packard, McDonnell Douglas, and Phillips BV. She is a former non-Executive Director of CIE and member of the Government Enterprise Advisory Group.  Susan is a member of the Institute of Directors in Ireland.

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 and a million users worldwide. SoftCo is a leading global provider of finance automation solutions that increase productivity, reduce costs and ensure that organisations meet their compliance obligations. SoftCo is a Microsoft Gold Partner, an AWS Advanced Technology Partner, and its customers include Primark, Irish Life, Lloyd’s Bank, Argos, and Bulmers.

Earlier this month, SoftCo was announced as the exclusive sponsor the Institute of Financial Operations & Leadership’s (IFOL) “Leading Finance Transformation” event. IFOL is a professional organization with headquarters in London, Florida and located regionally in Toronto,  committed to advancing the success of their 30,000 active Financial Operations professional members and their organizations from over 14 countries.

Each month the IFOL highlights and educates its members on a relevant topic. For the month of May the topic being highlighting is “Leading Finance Transformation”. In March of this year, IFOL reported that in the USA and Canada 64% of finance teams are still working with outdated processes. In this same study, when asked specifically about their most manual processes, AP processes were top of their list

SoftCo’s VP for Sales in North America, Adam McDonagh said: “Accounts Payable is such a critical finance function. All too often we see the issues that poor manual processes create for organizations. It is vital that Finance Leaders drive the digitization of the AP function. To that end we are delighted to be able to highlight the importance of transforming this critical function in conjunction with IFOL.”