SoftCo — AP Automation and E-Invoicing Platform
Irish financial automation provider leading European e-invoicing compliance with embedded Peppol integration and AI-powered P2P solutions.
Overview
SoftCo, founded in 1990 by Susan Spence and Jim Coffey and headquartered in Dublin, Ireland, develops financial process automation software focusing on procure-to-pay, accounts payable, and document management. The company serves over 1 million users across North America and Europe, including PwC, Finnish Government, Lloyds Bank, Volkswagen, and Primark, with annual recurring revenues growing above 25% annually.
Keensight Capital acquired SoftCo in March 2024. Co-founder Susan Spence, who departed the company, was selected in 2025 as a Lead Entrepreneur for Going for Growth, a programme supporting female entrepreneurs.
SoftCo positioned itself as a leader in European e-invoicing compliance through Belgium's January 2026 requirements and multi-country implementation strategies. As Robert Lynch, P2P Insights Analyst noted, "Compliance is the trigger; the upside lies in how you redesign the whole invoicing process." The platform supports EN 16931 structured formats with embedded Peppol access point integration, covering 2026 deadlines across Poland, Belgium, and France ahead of the EU's 2030 mandate.
The company gained dual analyst recognition as a leader in Hackett Digital World Class Matrix for AP 2025 and Major Contender in Everest PEAK Matrix for P2P Solutions, while announcing a strategic alliance with Interpath for AI-powered automation.
Key Features
- European E-invoicing Compliance: Embedded Peppol integration with EN 16931, XML, UBL format support
- Procure-to-Pay Automation: End-to-end purchasing and invoice processing workflows
- Three-Way Matching: Automated reconciliation of invoices, purchase orders, and receipts
- Supplier Portal: Self-service vendor capabilities for invoice submission and status tracking
- Multi-Country Support: State platforms including KSeF (Poland) and structured invoice processing
- ERP Integration: Pre-built connectors for SAP, Oracle, Microsoft Dynamics, Sage, and Infor
- Mobile Access: iOS and Android applications for approvals and process management
Use Cases
European E-invoicing Compliance
Organizations prepare for mandatory B2B e-invoicing across EU member states with SoftCo's embedded Peppol management. The platform processes structured invoices in EN 16931 format with pre-approval workflows and payment run controls, addressing Belgium's January 2026 deadline and France's September 2026 requirements.
Accounts Payable Automation
Customer implementations demonstrate measurable outcomes. As one customer noted: "Moved from paper based to online PO's with significant reduction in staff levels in purchase ledger and almost 100% compliance with payment terms." Another reported: "We implemented an AP automation solution to avoid hiring a second AP person. We chose SoftCo because of it's functionality and straightforward user interface."
Technical Specifications
| Feature | Specification |
|---|---|
| Platform | SoftCo Platform |
| E-invoicing Standards | EN 16931, XML, UBL, Peppol |
| Deployment Options | Cloud, on-premises, hybrid |
| Integration | REST APIs, pre-built ERP connectors |
| Supported Formats | PDF, XML, EDI, and major document formats |
| Mobile Support | iOS and Android applications |
| Security | Role-based access, encryption, audit trails, SOC 2 compliant |
| Languages | Multilingual support |
Resources
Company Information
Headquarters: Dublin, Ireland Founded: 1990 Founders: Susan Spence, Jim Coffey Users: 1 million+ (North America and Europe) Customers: PwC, Finnish Government, Lloyds Bank, Volkswagen, Primark Revenue Growth: 25%+ annually Acquisition: Keensight Capital (March 2024) Industries: Healthcare, financial services, manufacturing, public sector, retail